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Philippines - Fluorescent Discharge Lamps - Market Analysis, Forecast, Size, Trends and Insights
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Fluorescent Discharge Lamps Market Size in the Philippines
In 2021, the Philippine fluorescent discharge lamps market decreased by -7.2% to $X, falling for the eighth consecutive year after two years of growth. Overall, consumption recorded a abrupt downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.
Fluorescent Discharge Lamps Production in the Philippines
In value terms, fluorescent discharge lamps production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2019 when the production volume increased by 22%. Fluorescent discharge lamps production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.
Fluorescent Discharge Lamps Exports
Exports from the Philippines
Fluorescent discharge lamps exports from the Philippines soared to X units in 2021, picking up by 91% on the previous year. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 4,177%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.
In value terms, fluorescent discharge lamps exports surged to $X in 2021. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 4,023%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
China (X units), the United States (X units) and Japan (X units) were the main destinations of fluorescent discharge lamps exports from the Philippines, with a combined 82% share of total exports. The Netherlands, South Korea, Germany and Taiwan (Chinese) lagged somewhat behind, together comprising a further 16%.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +939.1%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for fluorescent discharge lamps exported from the Philippines were China ($X), the United States ($X) and the Netherlands ($X), together comprising 79% of total exports. Japan, South Korea, Germany and Taiwan (Chinese) lagged somewhat behind, together comprising a further 19%.
Among the main countries of destination, Germany, with a CAGR of +358.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average fluorescent discharge lamps export price stood at $X per unit in 2021, waning by -11.2% against the previous year. Overall, the export price, however, posted a noticeable increase. The growth pace was the most rapid in 2014 an increase of 300% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.
Fluorescent Discharge Lamps Imports
Imports into the Philippines
In 2021, overseas purchases of fluorescent discharge lamps were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 59%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.
In value terms, fluorescent discharge lamps imports totaled $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 52%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, China (X units) constituted the largest supplier of fluorescent discharge lamps to the Philippines, accounting for a 67% share of total imports. Moreover, fluorescent discharge lamps imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was held by Hong Kong SAR (X units), with a 3.8% share.
From 2012 to 2021, the average annual growth rate of volume from China amounted to -12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+21.5% per year) and Hong Kong SAR (+21.5% per year).
In value terms, Hong Kong SAR ($X), China ($X) and Japan ($X) appeared to be the largest fluorescent discharge lamps suppliers to the Philippines, together comprising 96% of total imports.
Hong Kong SAR, with a CAGR of +46.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.
Import Prices by Country
In 2021, the average fluorescent discharge lamps import price amounted to $X per unit, dropping by -4.8% against the previous year. Over the period under review, the import price, however, showed a resilient expansion. The pace of growth was the most pronounced in 2018 an increase of 95% against the previous year. The import price peaked at $X per unit in 2020, and then reduced in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Hong Kong SAR ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+71.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the fluorescent discharge lamps 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 27401510 - Fluorescent hot cathode discharge lamps, with double ended cap (excluding ultraviolet lamps)
- Prodcom 27401530 - Fluorescent hot cathode discharge lamps (excluding ultraviolet lamps, with double ended cap)
- Prodcom 27401550 - Other discharge lamps (excluding ultraviolet lamps)
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
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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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