Philippines - Electrical Apparatus For Sound Or Visual Signalling - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectrical Signalling Apparatus Price in the Philippines - 2023
Contents:
- Electrical Signalling Apparatus Price in the Philippines (FOB) - 2022
- Electrical Signalling Apparatus Price in the Philippines (CIF) - 2022
- Electrical Signalling Apparatus Exports in the Philippines
- Electrical Signalling Apparatus Imports in the Philippines
Electrical Signalling Apparatus Price in the Philippines (FOB) - 2022
The average electrical signalling apparatus export price stood at $7.9 per unit in 2022, dropping by -3.2% against the previous year. Over the period under review, the export price, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 93% against the previous year. Over the period under review, the average export prices attained the peak figure at $9 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($7.9 per unit) and China ($7.9 per unit), while the average price for exports to Singapore ($7.9 per unit) and Thailand ($7.9 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.
Electrical Signalling Apparatus Price in the Philippines (CIF) - 2022
The average electrical signalling apparatus import price stood at $6 per unit in 2022, increasing by 7.6% against the previous year. In general, the import price posted a significant increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 124%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($6 per unit) and China ($6 per unit), while the price for Singapore ($6 per unit) and Thailand ($6 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+36.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Electrical Signalling Apparatus Exports in the Philippines
In 2022, overseas shipments of electrical apparatus for sound or visual signalling were finally on the rise to reach 4.2M units after two years of decline. Overall, total exports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +4.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, electrical signalling apparatus exports soared to $33M in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $34M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Electrical Signalling Apparatus in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 9.0 | 6.7 | 4.3 | 12.0 | 10.1% |
Japan | 3.0 | 2.8 | 2.4 | 3.9 | 9.1% |
Taiwan (Chinese) | 2.6 | 1.6 | 2.1 | 3.3 | 8.3% |
Singapore | 7.3 | 4.7 | 3.9 | 2.9 | -26.5% |
China | 2.7 | 1.6 | 1.8 | 2.9 | 2.4% |
South Korea | 2.3 | 1.3 | 2.1 | 1.8 | -7.8% |
Thailand | 3.8 | 1.3 | 1.3 | 1.5 | -26.6% |
Hong Kong SAR | 1.2 | 2.3 | 1.7 | 1.4 | 5.3% |
Others | 1.8 | 1.4 | 2.3 | 3.4 | 23.6% |
Total | 33.7 | 23.5 | 21.7 | 33.2 | -0.5% |
Top Export Markets for Electrical Signalling Apparatus from the Philippines in 2022:
- United States (1522.7K units)
- Japan (497.4K units)
- Taiwan (Chinese) (417.8K units)
- China (371.3K units)
- Singapore (364.8K units)
- South Korea (227.2K units)
- Thailand (192.3K units)
- Hong Kong SAR (183.3K units)
Electrical Signalling Apparatus Imports in the Philippines
In 2022, electrical signalling apparatus imports into the Philippines dropped notably to 964K units, with a decrease of -15.1% compared with 2021 figures. In general, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 48% against the previous year. Imports peaked at 1.9M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, electrical signalling apparatus imports declined to $5.8M in 2022. Overall, imports faced a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 60% against the previous year. Over the period under review, imports hit record highs at $8.9M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Electrical Signalling Apparatus in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3,065 | 1,556 | 1,906 | 1,486 | -21.4% |
United States | 566 | 292 | 763 | 981 | 20.1% |
Taiwan (Chinese) | 656 | 188 | 345 | 700 | 2.2% |
Japan | 833 | 389 | 665 | 552 | -12.8% |
Singapore | 457 | 156 | 688 | 439 | -1.3% |
Hong Kong SAR | 361 | 419 | 822 | 439 | 6.7% |
South Korea | 147 | 43.1 | 130 | 265 | 21.7% |
Germany | 410 | 175 | 194 | 263 | -13.8% |
Finland | 1,690 | 4.7 | 22.6 | 2.2 | -89.1% |
Others | 719 | 756 | 845 | 704 | -0.7% |
Total | 8,905 | 3,978 | 6,381 | 5,830 | -13.2% |
Top Suppliers of Electrical Signalling Apparatus to the Philippines in 2022:
- China (245.8K units)
- United States (162.2K units)
- Taiwan (Chinese) (115.8K units)
- Japan (91.3K units)
- Singapore (72.7K units)
- Hong Kong SAR (72.5K units)
- South Korea (43.8K units)
- Germany (43.5K units)
- Finland (0.4K units)
This report provides an in-depth analysis of the electrical signalling apparatus 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 27902080 - Electrical apparatus for sound or visual signalling, n.e.c.
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
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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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