Price for Automatic Circuit Breakers for Under 1000 V in the Philippines - 2024
Contents:
- Price for Automatic Circuit Breakers for Under 1000 V in the Philippines (FOB) - 2022
- Price for Automatic Circuit Breakers for Under 1000 V in the Philippines (CIF) - 2022
- Exports of Automatic Circuit Breakers for Under 1000 V in the Philippines
- Imports of Automatic Circuit Breakers for Under 1000 V in the Philippines
Price for Automatic Circuit Breakers for Under 1000 V in the Philippines (FOB) - 2022
The average export price for automatic circuit breakers for under 1000 v stood at $14 per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, recorded a notable increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 348% against the previous year. As a result, the export price reached the peak level of $19 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($14 per unit), while the average price for exports to Canada ($14 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) (+15.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Automatic Circuit Breakers for Under 1000 V in the Philippines (CIF) - 2022
In 2022, the average import price for automatic circuit breakers for under 1000 v amounted to $15 per unit, increasing by 8.2% against the previous year. In general, the import price saw a resilient increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 160%. 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 Mexico ($15 per unit) and the United States ($15 per unit), while the price for Singapore ($15 per unit) and Italy ($15 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Automatic Circuit Breakers for Under 1000 V in the Philippines
In 2022, approx. 7.6M units of automatic circuit breakers for under 1000 v were exported from the Philippines; increasing by 26% on the previous year. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 32%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of automatic circuit breakers for under 1000 v surged to $103M in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 29% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Automatic Circuit Breakers for Under 1000 V 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 | 3.2 | -16.0% |
| Canada | 0.5 | N/A | N/A | 1.6 | 47.4% |
| Others | 1.9 | 1.8 | N/A | 0.2 | -52.8% |
| Total | 51.8 | 63.5 | 82.2 | 103 | 25.7% |
Top Export Markets for Automatic Circuit Breakers for Under 1000 V from the Philippines in 2022:
- United States (7.2M units)
- Taiwan (Chinese) (0.2M units)
- Canada (0.1M units)
Imports of Automatic Circuit Breakers for Under 1000 V in the Philippines
In 2022, imports of automatic circuit breakers for under 1000 v into the Philippines expanded significantly to 5.5M units, increasing by 13% compared with the year before. In general, total imports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +3.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +112.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 88% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of automatic circuit breakers for under 1000 v soared to $81M in 2022. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 99%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Automatic Circuit Breakers for Under 1000 V in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 20.5 | 9.2 | 15.4 | 16.6 | -6.8% |
| China | 9.5 | 8.4 | 13.6 | 16.0 | 19.0% |
| Brazil | 10.5 | 1.2 | 11.0 | 10.4 | -0.3% |
| United States | 3.7 | 3.5 | 9.3 | 9.5 | 36.9% |
| Mexico | 1.3 | 0.2 | 0.2 | 8.7 | 88.4% |
| South Korea | 6.2 | 3.4 | 3.4 | 4.2 | -12.2% |
| Italy | 1.8 | 0.8 | 3.6 | 3.2 | 21.1% |
| Hong Kong SAR | 2.0 | 2.0 | 3.9 | 2.5 | 7.7% |
| Japan | 3.1 | 1.0 | 1.7 | 2.3 | -9.5% |
| Others | 5.3 | 3.8 | 4.2 | 7.5 | 12.3% |
| Total | 63.8 | 33.3 | 66.2 | 80.9 | 8.2% |
Top Suppliers of Automatic Circuit Breakers for Under 1000 V to the Philippines in 2022:
- Singapore (1119.4K units)
- China (1081.9K units)
- Brazil (700.5K units)
- United States (640.0K units)
- Mexico (585.4K units)
- South Korea (286.0K units)
- Italy (214.3K units)
- Hong Kong SAR (168.4K units)
- Japan (158.6K units)
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