Price for Lamps; Discharge, (Excluding Ultra-Violet), Fluorescent, Hot Cathode in the Philippines - 2023

Contents:

1. Price for Lamps; Discharge, (Excluding Ultra-Violet), Fluorescent, Hot Cathode in the Philippines (CIF) - 2023
2. Price for Lamps; Discharge, (Excluding Ultra-Violet), Fluorescent, Hot Cathode in the Philippines (FOB) - 2022
3. Imports of Lamps; Discharge, (Excluding Ultra-Violet), Fluorescent, Hot Cathode in the Philippines
4. Exports of Lamps; Discharge, (Excluding Ultra-Violet), Fluorescent, Hot Cathode in the Philippines

Price for Lamps; Discharge, (Excluding Ultra-Violet), Fluorescent, Hot Cathode in the Philippines (CIF) - 2023

In November 2023, the average import price for lamps; discharge, (excluding ultra-violet), fluorescent, hot cathodes amounted to $863 per thousand units, surging by 33% against the previous month. In general, the import price saw a noticeable increase. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 57% against the previous month. Over the period under review, average import prices attained the peak figure at $1.0 per unit in August 2023; however, from September 2023 to November 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to +2.5% per month.

Price for Lamps; Discharge, (Excluding Ultra-Violet), Fluorescent, Hot Cathode in the Philippines (FOB) - 2022

In 2022, the average export price for lamps; discharge, (excluding ultra-violet), fluorescent, hot cathodes amounted to $0.1 per unit, almost unchanged from the previous year. Over the period under review, the export price, however, continues to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 143% against the previous year. Over the period under review, the average export prices attained the maximum at $1.9 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +4.6% per year.

Imports of Lamps; Discharge, (Excluding Ultra-Violet), Fluorescent, Hot Cathode in the Philippines

Imports of lamps; discharge, (excluding ultra-violet), fluorescent, hot cathodes into the Philippines shrank rapidly to 3.5M units in 2022, with a decrease of -30.8% compared with 2021 figures. In general, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 48%. As a result, imports reached the peak of 5M units, and then declined markedly in the following year.

In value terms, imports of lamps; discharge, (excluding ultra-violet), fluorescent, hot cathodes reduced sharply to $4.9M in 2022. Over the period under review, imports showed a sharp setback. The smallest decline of -1.5% was in 2021. Over the period under review, imports of attained the peak figure at $12M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Lamps; Discharge, (Excluding Ultra-Violet), Fluorescent, Hot Cathode to the Philippines in 2022:

1. China (3.4M units)

Exports of Lamps; Discharge, (Excluding Ultra-Violet), Fluorescent, Hot Cathode in the Philippines

In 2022, after three years of growth, there was significant decline in overseas shipments of lamps; discharge, (excluding ultra-violet), fluorescent, hot cathodes, when their volume decreased by -37.4% to 4.3M units. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 366%. Over the period under review, the exports of hit record highs at 6.8M units in 2021, and then declined notably in the following year.

In value terms, exports of lamps; discharge, (excluding ultra-violet), fluorescent, hot cathodes fell remarkably to $569K in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 299%. Over the period under review, the exports of hit record highs at $899K in 2021, and then fell dramatically in the following year.

Top Export Markets for Lamps; Discharge, (Excluding Ultra-Violet), Fluorescent, Hot Cathode from the Philippines in 2022:

1. Taiwan (Chinese) (4.3M units)

Source: IndexBox Market Intelligence Platform