Philippines: Vehicle Windscreen Wiper Market 2024

Vehicle Windscreen Wiper Market Size in the Philippines

The Philippine vehicle windscreen wiper market fell to $X in 2023, shrinking by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Vehicle Windscreen Wiper Production in the Philippines

In value terms, vehicle windscreen wiper production fell slightly to $X in 2023 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Vehicle windscreen wiper production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Vehicle Windscreen Wiper Exports

Exports from the Philippines

In 2023, overseas shipments of windscreen wipers, defrosters and demisters for motorcycles or motor vehicles increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, exports, however, showed a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, vehicle windscreen wiper exports surged to $X in 2023. Over the period under review, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X units), Mexico (X units) and Belgium (X units) were the main destinations of vehicle windscreen wiper exports from the Philippines, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vehicle windscreen wiper exported from the Philippines were Mexico ($X), Indonesia ($X) and Belgium ($X), together accounting for X% of total exports.

Among the main countries of destination, Belgium, with a CAGR of X%, recorded 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 vehicle windscreen wiper export price stood at $X per unit in 2023, with a decrease of X% against the previous year. In general, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Morocco ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced a decline.

Vehicle Windscreen Wiper Imports

Imports into the Philippines

In 2023, imports of windscreen wipers, defrosters and demisters for motorcycles or motor vehicles into the Philippines rose slightly to X units, with an increase of X% against 2022 figures. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, vehicle windscreen wiper imports expanded sharply to $X in 2023. Overall, imports saw a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X units) constituted the largest vehicle windscreen wiper supplier to the Philippines, accounting for a X% share of total imports. Moreover, vehicle windscreen wiper imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X), Japan ($X) and Thailand ($X) constituted the largest vehicle windscreen wiper suppliers to the Philippines, together accounting for X% of total imports.

Among the main suppliers, Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vehicle windscreen wiper import price stood at $X per unit in 2023, surging by X% against the previous year. In general, the import price, however, saw a abrupt slump. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform