Price for Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in the Philippines - 2023
Contents:
- Price for Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in the Philippines (FOB) - 2022
- Price for Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in the Philippines (CIF) - 2022
- Exports of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in the Philippines
- Imports of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in the Philippines
Price for Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in the Philippines (FOB) - 2022
In 2022, the average export price for cameras, photographic (excluding cinematographic); parts and accessorieses amounted to $21 per unit, with an increase of 5.4% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 91%. As a result, the export price reached the peak level of $43 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($22 per unit) and Vietnam ($22 per unit), while the average price for exports to Japan ($20 per unit) and Germany ($20 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 the United States (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in the Philippines (CIF) - 2022
In 2022, the average import price for cameras, photographic (excluding cinematographic); parts and accessorieses amounted to $22 per unit, growing by 38% against the previous year. In general, the import price continues to indicate significant growth. The pace of growth appeared the most rapid in 2018 an increase of 163%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 ($22 per unit) and Japan ($22 per unit), while the price for Spain ($22 per unit) and South Korea ($22 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+45.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in the Philippines
In 2022, the amount of cameras, photographic (excluding cinematographic); parts and accessorieses exported from the Philippines amounted to 1.5M units, increasing by 4.2% on the year before. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 53,984% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of cameras, photographic (excluding cinematographic); parts and accessorieses reached $32M in 2022. Overall, exports saw resilient growth. The growth pace was the most rapid in 2021 with an increase of 48,100% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Export of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 10.3 | 13.1 | 27.2% |
| Japan | 11.7 | N/A | 10.0 | 8.6 | -9.8% |
| Germany | 7.0 | N/A | 7.1 | 5.8 | -6.1% |
| Vietnam | 0.1 | N/A | 0.6 | 2.6 | 196.2% |
| China | 0.4 | N/A | 0.7 | 1.0 | 35.7% |
| Mexico | N/A | N/A | 0.2 | 0.6 | 200.0% |
| Others | 0.5 | N/A | 0.1 | 0.3 | -15.7% |
| Total | 19.5 | 0.1 | 29.0 | 31.9 | 17.8% |
Top Export Markets for Cameras, Photographic (Excluding Cinematographic); Parts and Accessories from the Philippines in 2022:
- United States (593.0K units)
- Japan (440.7K units)
- Germany (292.1K units)
- Vietnam (119.5K units)
- China (49.0K units)
- Mexico (26.7K units)
Imports of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in the Philippines
In 2022, overseas purchases of cameras, photographic (excluding cinematographic); parts and accessorieses increased by 14% to 1.3M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a significant contraction. Over the period under review, imports of reached the peak figure at 4.9M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of cameras, photographic (excluding cinematographic); parts and accessorieses surged to $29M in 2022. Overall, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 64% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.7 | 7.5 | 10.2 | 16.8 | 9.8% |
| Japan | 3.6 | 2.1 | 2.4 | 6.2 | 19.9% |
| Thailand | 0.6 | 0.2 | 3.6 | 3.4 | 78.3% |
| Hong Kong SAR | 4.2 | 1.2 | 1.0 | 1.5 | -29.1% |
| Cambodia | N/A | N/A | 0.8 | 1.0 | 25.0% |
| Others | 0.9 | 0.4 | 0.6 | 0.3 | -30.7% |
| Total | 22.1 | 11.4 | 18.7 | 29.3 | 9.9% |
Top Suppliers of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories to the Philippines in 2022:
- China (752.7K units)
- Japan (277.5K units)
- Thailand (153.0K units)
- Hong Kong SAR (66.8K units)
- Cambodia (46.3K units)
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