Price for Electronic Integrated Circuits; Memories in the Philippines - 2023
Contents:
- Price for Electronic Integrated Circuits; Memories in the Philippines (FOB) - 2022
- Price for Electronic Integrated Circuits; Memories in the Philippines (CIF) - 2022
- Exports of Electronic Integrated Circuits; Memories in the Philippines
- Imports of Electronic Integrated Circuits; Memories in the Philippines
Price for Electronic Integrated Circuits; Memories in the Philippines (FOB) - 2022
The average electronic integrated circuits; memories export price stood at $2.3 per unit in 2022, reducing by -42.7% against the previous year. Over the period under review, the export price faced a drastic downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 2%. As a result, the export price reached the peak level of $5 per unit. From 2019 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($9 per unit), while the average price for exports to Singapore ($0.8 per unit) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-10.6%), while the prices for the other major destinations experienced a decline.
Price for Electronic Integrated Circuits; Memories in the Philippines (CIF) - 2022
In 2022, the average electronic integrated circuits; memories import price amounted to $5 per unit, declining by -30.3% against the previous year. Over the period under review, the import price continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 29% against the previous year. As a result, import price attained the peak level of $7.1 per unit, and then reduced notably in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($26 per unit), while the price for Malaysia ($0.5 per unit) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+37.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electronic Integrated Circuits; Memories in the Philippines
In 2022, the amount of electronic integrated circuits exported from the Philippines surged to 929M units, increasing by 22% against the previous year's figure. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 191%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, electronic integrated circuits; memories exports contracted dramatically to $2.1B in 2022. Over the period under review, exports showed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 159%. As a result, the exports attained the peak of $3B, and then shrank remarkably in the following year.
Export of Electronic Integrated Circuits; Memories in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 55.9 | 26.7 | 133 | 552 | 114.5% |
Hong Kong SAR | 170 | 155 | 794 | 542 | 47.2% |
China | 294 | 354 | 543 | 431 | 13.6% |
Singapore | 41.0 | 21.2 | 93.8 | 161 | 57.8% |
South Korea | 16.9 | 61.7 | 68.7 | 116 | 90.0% |
Ireland | 0.9 | 2.0 | N/A | 60.2 | 305.9% |
Malaysia | 19.2 | 15.5 | 62.3 | 10.3 | -18.7% |
Mexico | 556 | 312 | 544 | 5.9 | -78.0% |
Others | 312 | 230 | 810 | 257 | -6.3% |
Total | 1,465 | 1,180 | 3,049 | 2,136 | 13.4% |
Top Export Markets for Electronic Integrated Circuits; Memories from the Philippines in 2022:
- China (264.3M units)
- Singapore (203.6M units)
- Hong Kong SAR (193.0M units)
- United States (99.0M units)
- Ireland (19.5M units)
- South Korea (12.8M units)
- Malaysia (2.8M units)
- Mexico (0.4M units)
Imports of Electronic Integrated Circuits; Memories in the Philippines
In 2022, overseas purchases of electronic integrated circuits increased by 223% to 345M units for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, electronic integrated circuits; memories imports skyrocketed to $1.7B in 2022. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Electronic Integrated Circuits; Memories in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 6.0 | 12.6 | 12.8 | 441 | 318.9% |
Taiwan (Chinese) | 7.7 | 12.1 | 21.3 | 434 | 283.4% |
South Korea | 343 | 351 | 534 | 150 | -24.1% |
Singapore | 1.6 | 1.7 | 3.2 | 134 | 337.5% |
Hong Kong SAR | 3.4 | 3.2 | 9.6 | 133 | 239.5% |
China | 273 | 193 | 169 | 117 | -24.6% |
Malaysia | 12.1 | 5.5 | 0.5 | 33.4 | 40.3% |
Others | 13.7 | 10.4 | 11.1 | 269 | 169.8% |
Total | 660 | 589 | 761 | 1,712 | 37.4% |
Top Suppliers of Electronic Integrated Circuits; Memories to the Philippines in 2022:
- Taiwan (Chinese) (124.1M units)
- Malaysia (72.2M units)
- Hong Kong SAR (35.8M units)
- Singapore (30.6M units)
- South Korea (22.2M units)
- Japan (17.0M units)
- China (11.2M units)
This report provides an in-depth analysis of the electronic chip market in the Philippines.
This report provides an in-depth analysis of the multichip integrated circuits market in the Philippines.
This report provides an in-depth analysis of the memories market in the Philippines.
This report provides an in-depth analysis of the global electronic chip market.
Global Multichip Integrated Circuits Market Report 2018. This report provides an in-depth analysis of the global multichip integrated circuits market.
This report provides an in-depth analysis of the global memories market.
This report provides an in-depth analysis of the electronic chip market in the Philippines.
This report provides an in-depth analysis of the multichip integrated circuits market in the Philippines.
This report provides an in-depth analysis of the memories market in the Philippines.
This report provides an in-depth analysis of the global electronic chip market.
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