Philippines - Automatic Circuit Breakers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCircuit Breaker Price in the Philippines - 2023
Contents:
- Circuit Breaker Price in the Philippines (CIF) - 2023
- Circuit Breaker Price in the Philippines (FOB) - 2022
- Circuit Breaker Imports in the Philippines
- Circuit Breaker Exports in the Philippines
Circuit Breaker Price in the Philippines (CIF) - 2023
In June 2023, the average circuit breaker import price amounted to $32.6 per unit, with an increase of 80% against the previous month. In general, import price indicated noticeable growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, circuit breaker import price increased by +80.4% against May 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($52.7 per unit), while the price for Italy ($17.0 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Circuit Breaker Price in the Philippines (FOB) - 2022
In 2022, the average circuit breaker export price amounted to $17 per unit, with an increase of 3.7% against the previous year. In general, the export price showed perceptible growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 113%. The export price peaked at $20 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($32 per unit), while the average price for exports to the United States ($17 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+23.0%), while the prices for the other major destinations experienced mixed trend patterns.
Circuit Breaker Imports in the Philippines
In 2022, approx. 5.3M units of automatic circuit breakers were imported into the Philippines; waning by -14.1% compared with the year before. Overall, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 124% against the previous year. Imports peaked at 6.2M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, circuit breaker imports expanded remarkably to $113M in 2022. Over the period under review, imports saw a mild setback. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Imports peaked at $119M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Circuit Breaker in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 26.3 | 35.1 | 35.3 | 34.3 | 9.3% |
Singapore | 21.9 | 11.0 | 15.8 | 16.7 | -8.6% |
United States | 7.3 | 9.6 | 15.6 | 13.0 | 21.2% |
Brazil | 10.5 | 1.2 | 11.1 | 10.4 | -0.3% |
South Korea | 7.3 | 3.7 | 3.8 | 9.5 | 9.2% |
Mexico | 2.3 | 0.6 | 1.0 | 8.9 | 57.0% |
Italy | 1.9 | 0.9 | 3.8 | 3.2 | 19.0% |
Japan | 20.3 | 2.2 | 2.1 | 3.0 | -47.1% |
Hong Kong SAR | 2.1 | 2.1 | 4.1 | 2.7 | 8.7% |
Germany | 11.2 | 1.8 | 1.7 | 0.9 | -56.8% |
Others | 7.5 | 7.1 | 8.3 | 10.4 | 11.5% |
Total | 119 | 75.4 | 102 | 113 | -1.7% |
Top Suppliers of Circuit Breaker to the Philippines in 2022:
- China (1161.4K units)
- Singapore (1022.9K units)
- Brazil (639.7K units)
- United States (619.5K units)
- Mexico (536.4K units)
- South Korea (312.6K units)
- Italy (196.0K units)
- Hong Kong SAR (155.2K units)
- Japan (150.1K units)
- Germany (22.6K units)
Circuit Breaker Exports in the Philippines
For the fourth year in a row, the Philippines recorded growth in overseas shipments of automatic circuit breakers, which increased by 26% to 6.2M units in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.9% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, circuit breaker exports soared to $108M in 2022. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Circuit Breaker in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 44.0 | 56.1 | 73.6 | 97.7 | 30.5% |
Taiwan (Chinese) | 5.4 | 5.6 | 8.6 | 6.5 | 6.4% |
Canada | 0.5 | N/A | N/A | 3.2 | 85.7% |
Others | 2.0 | 1.9 | 0.1 | 0.2 | -53.6% |
Total | 51.8 | 63.6 | 82.2 | 108 | 27.8% |
Top Export Markets for Circuit Breaker from the Philippines in 2022:
- United States (5.8M units)
- Taiwan (Chinese) (0.2M units)
- Canada (0.1M units)
This report provides an in-depth analysis of the circuit breaker market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27121020 - Automatic circuit breakers
- Prodcom 27122230 - Automatic circuit breakers for a voltage . 1 kV and for a current . .63 A
- Prodcom 27122250 - Automatic circuit breakers for a voltage . 1 kV and for a current > .63 A
- Prodcom 27122230 - Automatic circuit breakers for a voltage . 1 kV and for a current . .63 A
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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