Philippines - Automotive Lighting - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAutomotive Lighting Price in the Philippines - 2023
Contents:
- Automotive Lighting Price in the Philippines (CIF) - 2022
- Automotive Lighting Price in the Philippines (FOB) - 2022
- Automotive Lighting Imports in the Philippines
- Automotive Lighting Exports in the Philippines
Automotive Lighting Price in the Philippines (CIF) - 2022
The average automotive lighting import price stood at $29 per unit in 2022, increasing by 2.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.8%. The growth pace was the most rapid in 2014 when the average import price increased by 14%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($29 per unit) and Malaysia ($29 per unit), while the price for Switzerland ($27 per unit) and Thailand ($29 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Automotive Lighting Price in the Philippines (FOB) - 2022
In 2022, the average automotive lighting export price amounted to $25 per unit, increasing by 26% against the previous year. Over the period under review, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 an increase of 63% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($30 per unit), while the average price for exports to Malaysia ($11 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 Singapore (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.
Automotive Lighting Imports in the Philippines
In 2022, approx. 617K units of automotive lighting were imported into the Philippines; jumping by 23% on 2021. The total import volume increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, automotive lighting imports skyrocketed to $18M in 2022. The total import value increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Automotive Lighting in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1.2 | 0.9 | 1.8 | 3.8 | 46.8% |
| Thailand | 3.8 | 2.9 | 3.3 | 3.8 | 0.0% |
| China | 2.9 | 3.8 | 3.6 | 2.9 | 0.0% |
| Japan | 1.6 | 1.9 | 1.6 | 2.2 | 11.2% |
| Taiwan (Chinese) | 0.6 | 0.3 | 0.6 | 0.9 | 14.5% |
| United States | 0.2 | 0.2 | 0.4 | 0.7 | 51.8% |
| Malaysia | 0.3 | 0.5 | 0.6 | 0.7 | 32.6% |
| Switzerland | N/A | 0.4 | 0.3 | 0.6 | 22.5% |
| South Korea | 1.5 | 0.6 | 0.3 | 0.4 | -35.6% |
| Vietnam | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
| Others | 1.4 | 1.4 | 1.3 | 1.5 | 2.3% |
| Total | 13.6 | 13.1 | 13.9 | 17.6 | 9.0% |
Top Suppliers of Automotive Lighting to the Philippines in 2022:
- Thailand (133.5K units)
- Indonesia (131.7K units)
- China (100.3K units)
- Japan (75.7K units)
- Taiwan (Chinese) (31.3K units)
- Malaysia (24.5K units)
- United States (24.1K units)
- Switzerland (21.5K units)
- South Korea (12.8K units)
- Vietnam (9.7K units)
Automotive Lighting Exports in the Philippines
In 2022, the amount of automotive lighting exported from the Philippines skyrocketed to 134K units, increasing by 41% against 2021. In general, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2021 when exports increased by 122% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, automotive lighting exports skyrocketed to $3.3M in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 150%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Automotive Lighting in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 20.4 | 78.5 | 381 | 1,637 | 331.3% |
| Singapore | 0.4 | 0.6 | 423 | 846 | 1183.6% |
| South Africa | 0.1 | 4.8 | 117 | 274 | 1299.3% |
| Pakistan | N/A | N/A | 79.5 | 147 | 84.9% |
| Malaysia | 5.1 | N/A | 33.5 | 121 | 187.3% |
| Japan | 239 | 47.9 | 330 | 112 | -22.3% |
| India | N/A | N/A | 26.5 | 108 | 307.5% |
| Mexico | 169 | 77.5 | 64.2 | 5.5 | -68.1% |
| China | 181 | 37.4 | 10.2 | N/A | -76.3% |
| United States | 402 | 460 | 249 | N/A | -21.3% |
| Germany | 127 | 1.3 | 17.6 | N/A | -62.8% |
| Others | 107 | 33.0 | 118 | 31.4 | -33.5% |
| Total | 1,250 | 741 | 1,849 | 3,281 | 37.9% |
Top Export Markets for Automotive Lighting from the Philippines in 2022:
- Thailand (67.0K units)
- Singapore (28.5K units)
- South Africa (11.2K units)
- Malaysia (11.2K units)
- Pakistan (6.0K units)
- India (4.4K units)
- Japan (3.8K units)
- Mexico (0.2K units)
This report provides an in-depth analysis of the automotive lighting 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 27403910 - Electrical lighting or visual signalling equipment for motor vehicles (excluding electric filament or discharge lamps, s ealed beam lamp units, ultraviolet, infrared and arc 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
-
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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Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
845
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
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Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
845
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