Philippines - Lighting Sets For Christmas Trees - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Lighting Set for Christmas Trees in the Philippines - 2023
Contents:
- Price for Lighting Set for Christmas Trees in the Philippines (FOB) - 2022
- Price for Lighting Set for Christmas Trees in the Philippines (CIF) - 2022
- Exports of Lighting Set for Christmas Trees in the Philippines
- Imports of Lighting Set for Christmas Trees in the Philippines
Price for Lighting Set for Christmas Trees in the Philippines (FOB) - 2022
In May 2022, the average export price for lighting sets for christmas trees amounted to $18.5 per unit, remaining relatively unchanged against the previous month. Over the period under review, the export price, however, posted a resilient increase. The most prominent rate of growth was recorded in February 2022 when the average export price increased by 297% against the previous month. The export price peaked at $18.5 per unit in April 2022, and then declined in the following month.
As there is only one major export destination, the average price level is determined by prices for the United States.
From May 2021 to May 2022, the rate of growth in terms of prices for the United States amounted to -0.9% per month.
Price for Lighting Set for Christmas Trees in the Philippines (CIF) - 2022
In 2022, the average import price for lighting sets for christmas trees amounted to $0.7 per unit, increasing by 9% against the previous year. Over the period under review, the import price posted strong growth. The pace of growth appeared the most rapid in 2016 an increase of 42% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +16.7% per year.
Exports of Lighting Set for Christmas Trees in the Philippines
In 2022, the amount of lighting sets for christmas trees exported from the Philippines expanded modestly to 23K units, with an increase of 4% compared with the previous year. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 64% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, lighting set for christmas trees exports fell significantly to $74M in 2022. Over the period under review, total exports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +9.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 43%. As a result, the exports reached the peak of $97M, and then contracted sharply in the following year.
| Export of Lighting Set for Christmas Trees in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 68.3 | 65.8 | 96.5 | 73.9 | 2.7% |
| Others | N/A | 1.8 | 0.1 | N/A | -94.4% |
| Total | 68.3 | 67.7 | 96.6 | 73.9 | 2.7% |
Top Export Markets for Lighting Set for Christmas Trees from the Philippines in 2022:
- United States (20.8M units)
Imports of Lighting Set for Christmas Trees in the Philippines
In 2022, supplies from abroad of lighting sets for christmas trees was finally on the rise to reach 2.3M units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a deep reduction. Over the period under review, imports attained the peak figure at 3.7M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, lighting set for christmas trees imports surged to $1.5M in 2022. Overall, imports, however, saw a deep contraction. Over the period under review, imports attained the peak figure at $1.9M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Lighting Set for Christmas Trees in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.8 | 1.5 | 1.2 | 1.4 | -8.0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 1.9 | 1.6 | 1.2 | 1.5 | -7.6% |
Top Suppliers of Lighting Set for Christmas Trees to the Philippines in 2022:
- China (1.5M units)
This report provides an in-depth analysis of the market for lighting set for christmas trees 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 27403200 - Lighting sets for Christmas trees
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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