Price for Navigational Instruments and Appliances; Parts and Accessories in the Philippines - 2022
Contents:
- Price for Navigational Instruments and Appliances; Parts and Accessories in the Philippines (CIF) - 2022
- Price for Navigational Instruments and Appliances; Parts and Accessories in the Philippines (FOB) - 2022
- Imports of Navigational Instruments and Appliances; Parts and Accessories in the Philippines
- Exports of Navigational Instruments and Appliances; Parts and Accessories in the Philippines
Price for Navigational Instruments and Appliances; Parts and Accessories in the Philippines (CIF) - 2022
The average import price for navigational instruments and appliances; parts and accessorieses stood at $362,409 per ton in 2022, increasing by 73% against the previous year. Over the period under review, the import price enjoyed buoyant growth. The growth pace was the most rapid in 2016 an increase of 305%. The import price peaked in 2022 and is expected to retain growth in the near future.
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 Denmark ($1,689,620 per ton), while the price for the UK ($57,869 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+27.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Navigational Instruments and Appliances; Parts and Accessories in the Philippines (FOB) - 2022
In 2022, the average export price for navigational instruments and appliances; parts and accessorieses amounted to $308,040 per ton, dropping by -2.3% against the previous year. Overall, the export price, however, saw resilient growth. The pace of growth was the most pronounced in 2013 an increase of 148% against the previous year. Over the period under review, the average export prices reached the peak figure at $412,059 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
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 Singapore ($613,392 per ton), while the average price for exports to the United States totaled $212,283 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+45.5%).
Imports of Navigational Instruments and Appliances; Parts and Accessories in the Philippines
In 2022, approx. 2.3 tons of navigational instruments and appliances; parts and accessorieses were imported into the Philippines; which is down by -21.1% compared with 2021 figures. In general, imports recorded a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 7.3% against the previous year.
In value terms, imports of navigational instruments and appliances; parts and accessorieses surged to $843K in 2022. Over the period under review, imports continue to indicate a sharp shrinkage.
| Import of Navigational Instruments and Appliances; Parts and Accessories in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 484 | 247 | 224 | 255 | -19.2% |
| United States | 322 | 208 | 59.9 | 138 | -24.6% |
| Denmark | 69.4 | N/A | N/A | 133 | 24.2% |
| Singapore | 55.7 | 18.1 | 128 | 53.0 | -1.6% |
| China | 371 | 38.4 | 8.0 | 50.0 | -48.7% |
| France | 1.4 | N/A | 27.6 | 25.1 | 161.7% |
| United Kingdom | 1.1 | N/A | 0.1 | 4.9 | 64.5% |
| Australia | 511 | 30.3 | 98.0 | 4.5 | -79.3% |
| Sweden | 3.6 | 110 | N/A | N/A | 2955.6% |
| Others | 250 | 127 | 71.2 | 178 | -10.7% |
| Total | 2,069 | 778 | 617 | 843 | -25.9% |
Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to the Philippines in 2022:
- Singapore (827.0 kg)
- China (450.0 kg)
- Japan (384.0 kg)
- France (303.0 kg)
- United States (84.0 kg)
- United Kingdom (84.0 kg)
- Denmark (79.0 kg)
- Australia (2.0 kg)
Exports of Navigational Instruments and Appliances; Parts and Accessories in the Philippines
In 2022, approx. 599 kg of navigational instruments and appliances; parts and accessorieses were exported from the Philippines; jumping by 302% compared with 2021 figures. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,045% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of navigational instruments and appliances; parts and accessorieses skyrocketed to $185K in 2022. Overall, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 611% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Navigational Instruments and Appliances; Parts and Accessories in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.1 | 86.4 | 29.1 | 96.8 | 214.9% |
| Singapore | 9.6 | N/A | 11.6 | 87.7 | 109.0% |
| Others | N/A | 4.5 | 6.2 | N/A | 37.8% |
| Total | 12.8 | 90.9 | 47.0 | 185 | 143.6% |
Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from the Philippines in 2022:
- United States (456.0 kg)
- Singapore (143.0 kg)
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