Price for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in the Philippines - 2024
Contents:
- Price for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in the Philippines (CIF) - 2022
- Price for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in the Philippines (FOB) - 2022
- Imports of Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in the Philippines
- Exports of Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in the Philippines
Price for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in the Philippines (CIF) - 2022
In 2022, the average import price for lightning arresters, voltage limiters and surge suppressors for over 1000 v amounted to $18 per unit, with a decrease of -2% against the previous year. Over the period under review, the import price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 112%. The import price peaked at $19 per unit in 2021, and then shrank modestly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Singapore ($18 per unit) and France ($18 per unit), while the price for Hong Kong SAR ($18 per unit) and South Korea ($18 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in the Philippines (FOB) - 2022
The average export price for lightning arresters, voltage limiters and surge suppressors for over 1000 v stood at $15 per unit in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a mild curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by 1% against the previous year. Over the period under review, the average export prices reached the peak figure at $16 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($74 per unit), while the average price for exports to Canada ($7.3 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 Ukraine (+66.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in the Philippines
After two years of decline, purchases abroad of lightning arresters, voltage limiters and surge suppressors for over 1000 v increased by 35% to 466K units in 2022. Over the period under review, imports, however, continue to indicate a mild slump. Over the period under review, imports of reached the maximum at 483K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of lightning arresters, voltage limiters and surge suppressors for over 1000 v surged to $8.6M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,002 | 4,176 | 1,722 | 2,471 | 35.1% |
| United States | 1,617 | 868 | 2,176 | 1,624 | 0.1% |
| Taiwan (Chinese) | 11.6 | 36.0 | 40.1 | 1,077 | 352.8% |
| South Korea | 57.4 | 61.0 | 21.0 | 909 | 151.1% |
| Germany | 2,028 | 962 | 823 | 523 | -36.3% |
| United Kingdom | 19.0 | 27.9 | 37.3 | 463 | 189.9% |
| Hong Kong SAR | 12.5 | 47.6 | 212 | 219 | 159.7% |
| Spain | 108 | 77.7 | 87.9 | 216 | 26.0% |
| Sweden | 106 | 196 | 93.1 | 164 | 15.7% |
| Japan | 178 | 66.7 | 142 | 145 | -6.6% |
| Singapore | 235 | 284 | 545 | 111 | -22.1% |
| Others | 354 | 629 | 548 | 631 | 21.2% |
| Total | 5,729 | 7,431 | 6,448 | 8,553 | 14.3% |
Top Suppliers of Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V to the Philippines in 2022:
- China (134.7K units)
- United States (88.5K units)
- Taiwan (Chinese) (58.7K units)
- South Korea (49.6K units)
- Germany (28.5K units)
- United Kingdom (25.3K units)
- Hong Kong SAR (11.9K units)
- Spain (11.8K units)
- Sweden (8.9K units)
- Japan (7.9K units)
- Singapore (6.0K units)
Exports of Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in the Philippines
In 2022, the amount of lightning arresters, voltage limiters and surge suppressors for over 1000 v exported from the Philippines was estimated at 27K units, flattening at 2021. In general, exports continue to indicate significant growth. The smallest decline of -19.7% was in 2020. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of lightning arresters, voltage limiters and surge suppressors for over 1000 v stood at $407K in 2022. Over the period under review, exports posted a significant increase. The smallest decline of -18.9% was in 2020. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 120 | 0% |
| Germany | N/A | 0.1 | N/A | 68.4 | 2515.3% |
| Ukraine | N/A | N/A | N/A | 48.2 | 0% |
| Estonia | N/A | N/A | N/A | 27.9 | 0% |
| Turkey | N/A | N/A | N/A | 25.2 | 0% |
| Canada | 0.1 | N/A | N/A | 20.8 | 492.5% |
| Poland | N/A | N/A | N/A | 9.1 | 0% |
| Brazil | N/A | N/A | N/A | 5.1 | 0% |
| Others | 0.5 | 0.4 | N/A | 81.7 | 446.7% |
| Total | 0.7 | 0.5 | N/A | 407 | 734.6% |
Top Export Markets for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V from the Philippines in 2022:
- United States (16.1K units)
- Canada (2.9K units)
- Germany (2.2K units)
- Estonia (1.3K units)
- Turkey (0.8K units)
- Ukraine (0.7K units)
- Brazil (0.6K units)
- Poland (0.6K units)
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