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Philippines - Prisms And Mirrors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrisms and Mirrors Price in the Philippines - 2023
Contents:
- Prisms and Mirrors Price in the Philippines (CIF) - 2023
- Prisms and Mirrors Price in the Philippines (FOB) - 2023
- Prisms and Mirrors Imports in the Philippines
- Prisms and Mirrors Exports in the Philippines
Prisms and Mirrors Price in the Philippines (CIF) - 2023
In May 2023, the average prisms and mirrors import price amounted to $115K per ton, picking up by 11% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 when the average import price increased by 104% against the previous month. As a result, import price reached the peak level of $296K per ton. From November 2022 to May 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($263K per ton), while the price for China ($99,163 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Prisms and Mirrors Price in the Philippines (FOB) - 2023
In May 2023, the average prisms and mirrors export price amounted to $371K per ton, growing by 54% against the previous month. Overall, the export price recorded a strong increase. The most prominent rate of growth was recorded in February 2023 an increase of 179% m-o-m. The export price peaked in May 2023.
There were significant differences in the average prices for the major external markets. In May 2023, the country with the highest price was Hong Kong SAR ($1.9M per ton), while the average price for exports to Japan ($64,892 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.
Prisms and Mirrors Imports in the Philippines
For the fourth year in a row, the Philippines recorded growth in supplies from abroad of prisms and mirrors, which increased by 249% to 1.6K tons in 2022. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, prisms and mirrors imports surged to $77M in 2022. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Prisms and Mirrors in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 5.4 | 3.4 | 8.0 | 46.6 | 105.1% |
Hong Kong SAR | 0.3 | 4.3 | 12.3 | 14.4 | 263.4% |
Japan | 3.0 | 4.5 | 3.7 | 7.0 | 32.6% |
Taiwan (Chinese) | 0.1 | 0.7 | 0.1 | 1.3 | 135.1% |
Bangladesh | 1.4 | 2.5 | 0.8 | 0.2 | -47.7% |
Others | 2.7 | 4.3 | 6.6 | 7.6 | 41.2% |
Total | 12.9 | 19.6 | 31.4 | 77.1 | 81.5% |
Top Suppliers of Prisms and Mirrors to the Philippines in 2022:
- China (1379.1 tons)
- Hong Kong SAR (150.3 tons)
- Taiwan (Chinese) (30.1 tons)
- Japan (13.7 tons)
- Bangladesh (1.5 tons)
Prisms and Mirrors Exports in the Philippines
In 2022, overseas shipments of prisms and mirrors decreased by -48.1% to 64 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. As a result, the exports reached the peak of 144 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, prisms and mirrors exports reduced rapidly to $7.1M in 2022. In general, exports recorded a dramatic slump. The smallest decline of -2.4% was in 2021.
Export of Prisms and Mirrors in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 2.1 | 3.6 | 3.8 | 2.1 | 0.0% |
China | 1.0 | 1.7 | 2.5 | 1.7 | 19.3% |
Hong Kong SAR | 2.1 | 0.4 | 0.3 | 1.6 | -8.7% |
India | 0.1 | N/A | 0.1 | 0.4 | 58.7% |
Germany | 0.2 | 0.2 | 0.6 | 0.3 | 14.5% |
Malaysia | 0.1 | 0.5 | 0.4 | 0.2 | 26.0% |
United States | 0.7 | 0.3 | 0.4 | 0.1 | -47.7% |
Vietnam | 4.1 | 1.0 | N/A | 0.1 | -71.0% |
Others | 4.2 | 1.3 | 0.9 | 0.6 | -47.7% |
Total | 14.5 | 9.1 | 8.9 | 7.1 | -21.2% |
Top Export Markets for Prisms and Mirrors from the Philippines in 2022:
- Japan (25.4 tons)
- China (15.4 tons)
- India (8.7 tons)
- Hong Kong SAR (5.0 tons)
- Malaysia (3.7 tons)
- Germany (2.1 tons)
- United States (1.0 tons)
- Vietnam (0.8 tons)
This report provides an in-depth analysis of the prisms and mirrors market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26702153 - Prisms, mirrors and other optical elements, n.e.c.
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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