Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the Philippines - 2024
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the Philippines (CIF) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the Philippines (FOB) - 2022
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the Philippines
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the Philippines
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the Philippines (CIF) - 2022
In 2022, the average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $0.1 per unit, with an increase of 11% against the previous year. Overall, the import price saw resilient growth. The pace of growth was the most pronounced in 2019 when the average import price increased by 52% against the previous year. The import price peaked in 2022 and is likely to see steady 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 ($0.1 per unit) and Singapore ($0.1 per unit), while the price for Thailand ($0.1 per unit) and Hong Kong SAR ($0.1 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the Philippines (FOB) - 2022
The average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $0.1 per unit in 2022, increasing by 4.6% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices reached the maximum at $0.1 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Hong Kong SAR ($0.1 per unit) and Vietnam ($0.1 per unit), while the average price for exports to the United States ($0.1 per unit) and Singapore ($0.1 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 Netherlands (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the Philippines
Imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment into the Philippines contracted rapidly to 3.3B units in 2022, which is down by -19.4% compared with the year before. In general, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Over the period under review, imports of hit record highs at 4.6B units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment reduced to $452M in 2022. The total import value increased at an average annual rate of +1.5% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. As a result, imports attained the peak of $505M, and then reduced in the following year.
| Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 161 | 117 | 142 | 127 | -7.6% |
| China | 67.3 | 87.5 | 131 | 95.3 | 12.3% |
| Singapore | 52.0 | 45.4 | 45.4 | 45.9 | -4.1% |
| Hong Kong SAR | 33.3 | 34.9 | 47.0 | 39.8 | 6.1% |
| South Korea | 14.2 | 24.1 | 29.3 | 38.3 | 39.2% |
| United States | 22.6 | 21.8 | 24.6 | 24.0 | 2.0% |
| Thailand | 20.9 | 12.4 | 19.9 | 22.5 | 2.5% |
| Vietnam | 6.8 | 7.2 | 10.5 | 10.6 | 15.9% |
| Taiwan (Chinese) | 12.7 | 5.9 | 7.3 | 5.8 | -23.0% |
| Others | 40.8 | 38.2 | 47.1 | 42.8 | 1.6% |
| Total | 431 | 394 | 505 | 452 | 1.6% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to the Philippines in 2022:
- Japan (921.9M units)
- China (717.0M units)
- Singapore (332.9M units)
- Hong Kong SAR (301.1M units)
- South Korea (284.8M units)
- Thailand (172.7M units)
- United States (164.0M units)
- Vietnam (72.6M units)
- Taiwan (Chinese) (43.6M units)
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the Philippines
Exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment from the Philippines contracted rapidly to 3.5B units in 2022, with a decrease of -20% on the previous year's figure. Over the period under review, exports recorded a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 21%. The exports peaked at 5.6B units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment dropped rapidly to $375M in 2022. Overall, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 21%. Over the period under review, the exports of attained the maximum at $522M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 172 | 135 | 178 | 152 | -4.0% |
| China | 48.7 | 58.1 | 62.9 | 59.5 | 6.9% |
| Hong Kong SAR | 81.3 | 58.7 | 55.9 | 49.5 | -15.2% |
| United States | 61.5 | 33.6 | 49.2 | 41.1 | -12.6% |
| Singapore | 17.4 | 9.4 | 14.1 | 11.4 | -13.1% |
| Vietnam | 1.3 | 1.9 | 3.2 | 9.8 | 96.1% |
| Thailand | 79.5 | 17.3 | 11.6 | 8.8 | -52.0% |
| Malaysia | 0.4 | 7.6 | 10.9 | 8.2 | 173.7% |
| Germany | 9.8 | 8.9 | 12.3 | 7.8 | -7.3% |
| Netherlands | 11.3 | 6.8 | 9.2 | 7.7 | -12.0% |
| South Korea | 9.0 | 8.6 | 16.5 | 5.3 | -16.2% |
| Others | 30.6 | 24.1 | 24.5 | 13.5 | -23.9% |
| Total | 522 | 370 | 448 | 375 | -10.4% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from the Philippines in 2022:
- Japan (1408.8M units)
- China (550.7M units)
- Hong Kong SAR (456.6M units)
- United States (409.5M units)
- Singapore (104.8M units)
- Vietnam (90.5M units)
- Thailand (80.8M units)
- Malaysia (75.5M units)
- Germany (72.1M units)
- Netherlands (71.1M units)
- South Korea (49.0M units)
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