Price for Valves and Tubes; Receiver or Amplifier in the Philippines - 2023

Contents:

1. Price for Valves and Tubes; Receiver or Amplifier in the Philippines (CIF) - 2022
2. Price for Valves and Tubes; Receiver or Amplifier in the Philippines (FOB) - 2022
3. Imports of Valves and Tubes; Receiver or Amplifier in the Philippines
4. Exports of Valves and Tubes; Receiver or Amplifier in the Philippines

Price for Valves and Tubes; Receiver or Amplifier in the Philippines (CIF) - 2022

The average import price for valves and tubes; receiver or amplifiers stood at $134 per unit in 2022, with a decrease of -9.7% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the average import price increased by 128% against the previous year. As a result, import price reached the peak level of $431 per unit. From 2017 to 2022, the average import prices failed to regain momentum.

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 the United States ($334 per unit), while the price for Turkey ($2.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+14.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Valves and Tubes; Receiver or Amplifier in the Philippines (FOB) - 2022

In 2022, the average export price for valves and tubes; receiver or amplifiers amounted to $8.8 per unit, surging by 91% against the previous year. Over the period under review, the export price, however, recorded a mild decline. The pace of growth appeared the most rapid in 2014 an increase of 346% against the previous year. Over the period under review, the average export prices reached the peak figure at $9.7 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($22 per unit), while the average price for exports to China ($1.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+656.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Valves and Tubes; Receiver or Amplifier in the Philippines

Imports of valves and tubes; receiver or amplifiers into the Philippines fell dramatically to 2.2K units in 2022, dropping by -65.3% against the year before. In general, imports showed a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 29%. Over the period under review, imports of reached the peak figure at 17K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of valves and tubes; receiver or amplifiers reduced notably to $295K in 2022. Over the period under review, imports faced a dramatic setback. The growth pace was the most rapid in 2021 with an increase of 187%. As a result, imports attained the peak of $940K, and then dropped markedly in the following year.

Top Suppliers of Valves and Tubes; Receiver or Amplifier to the Philippines in 2022:

1. Japan (1037.0 units)
2. United States (662.0 units)
3. China (178.0 units)
4. Vietnam (172.0 units)
5. Turkey (67.0 units)
6. Germany (53.0 units)

Exports of Valves and Tubes; Receiver or Amplifier in the Philippines

For the third consecutive year, the Philippines recorded decline in shipments abroad of valves and tubes; receiver or amplifiers, which decreased by -35.8% to 24K units in 2022. In general, exports faced a significant decrease. The smallest decline of -14.6% was in 2021. Over the period under review, the exports of attained the peak figure at 133K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of valves and tubes; receiver or amplifiers skyrocketed to $214K in 2022. The total export value increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Valves and Tubes; Receiver or Amplifier from the Philippines in 2022:

1. Denmark (16.8K units)
2. United States (4.6K units)
3. China (2.8K units)

Source: IndexBox Market Intelligence Platform