Price for Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in the Philippines - 2023
Contents:
- Price for Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in the Philippines (CIF) - 2022
- Imports of Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in the Philippines
Price for Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in the Philippines (CIF) - 2022
The average import price for electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s stood at $45 per unit in 2022, growing by 82% against the previous year. In general, the import price showed a significant expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 1,562%. The import price peaked at $93 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($115 per unit), while the price for South Korea ($38 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+59.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in the Philippines
After three years of growth, overseas purchases of electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s decreased by -68.6% to 1.8K units in 2022. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 1,045% against the previous year. As a result, imports reached the peak of 5.7K units, and then plummeted in the following year.
In value terms, imports of electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s fell notably to $79K in 2022. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 1,561%. Over the period under review, imports of hit record highs at $138K in 2021, and then declined rapidly in the following year.
Import of Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | N/A | 18.1 | 72.3 | 58.8 | 80.2% |
South Korea | N/A | N/A | 63.0 | 19.1 | -69.7% |
Others | 1.1 | 0.4 | 3.1 | 1.3 | 5.7% |
Total | 1.1 | 18.5 | 138 | 79.2 | 316.0% |
Top Suppliers of Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) to the Philippines in 2022:
- Japan (1267.0 units)
- South Korea (500.0 units)
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