Philippines - Plastic Parts For Lamps And Lighting Fittings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLamp Plastic Parts Price in the Philippines - 2023
Contents:
- Lamp Plastic Parts Price in the Philippines (FOB) - 2022
- Lamp Plastic Parts Price in the Philippines (CIF) - 2022
- Lamp Plastic Parts Exports in the Philippines
- Lamp Plastic Parts Imports in the Philippines
Lamp Plastic Parts Price in the Philippines (FOB) - 2022
The average lamp plastic parts export price stood at $23,859 per ton in 2022, dropping by -2.6% against the previous year. In general, the export price showed a pronounced descent. The pace of growth was the most pronounced in 2018 an increase of 84% against the previous year. As a result, the export price attained the peak level of $82,930 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2013 to 2022, the rate of growth in terms of prices for the United States amounted to +8.2% per year.
Lamp Plastic Parts Price in the Philippines (CIF) - 2022
The average lamp plastic parts import price stood at $20,449 per ton in 2022, picking up by 13% against the previous year. Overall, the import price saw significant growth. The pace of growth was the most pronounced in 2018 an increase of 89% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Singapore ($22,796 per ton) and China ($20,436 per ton), while the price for Germany ($19,449 per ton) and the United States ($20,030 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Lamp Plastic Parts Exports in the Philippines
In 2022, after three years of growth, there was significant decline in shipments abroad of plastic parts for lamps and lighting fittings, when their volume decreased by -5.2% to 100 tons. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,753% against the previous year.
In value terms, lamp plastic parts exports reduced to $2.4M in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,906%.
| Export of Lamp Plastic Parts in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 0.3 | 2.6 | 2.4 | 182.8% |
| Japan | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | N/A | 0.3 | 2.6 | 2.4 | 182.8% |
Top Export Markets for Lamp Plastic Parts from the Philippines in 2022:
- United States (100.3 tons)
Lamp Plastic Parts Imports in the Philippines
For the third year in a row, the Philippines recorded decline in supplies from abroad of plastic parts for lamps and lighting fittings, which decreased by -30.9% to 53 tons in 2022. In general, imports showed a dramatic downturn. The smallest decline of -14.4% was in 2020.
In value terms, lamp plastic parts imports declined significantly to $1.1M in 2022. Over the period under review, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 16%. As a result, imports reached the peak of $2M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Lamp Plastic Parts in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,152 | 1,768 | 1,109 | 819 | -10.7% |
| Germany | 319 | 3.8 | 36.2 | 73.0 | -38.8% |
| Taiwan (Chinese) | 103 | 90.7 | 73.0 | 54.3 | -19.2% |
| Singapore | 9.4 | 3.5 | 87.6 | 54.3 | 79.4% |
| Hong Kong SAR | 70.8 | 63.6 | 47.4 | 37.0 | -19.5% |
| United States | 47.3 | 76.3 | 18.3 | 28.8 | -15.2% |
| Others | 44.2 | 16.9 | 17.1 | 13.7 | -32.3% |
| Total | 1,747 | 2,023 | 1,389 | 1,080 | -14.8% |
Top Suppliers of Lamp Plastic Parts to the Philippines in 2022:
- China (40.1 tons)
- Germany (3.8 tons)
- Taiwan (Chinese) (2.7 tons)
- Singapore (2.4 tons)
- Hong Kong SAR (1.8 tons)
- United States (1.4 tons)
This report provides an in-depth analysis of the lamp plastic parts 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 22292400 - Plastic parts for lamps, lighting fittings and illuminated signs and name-plates
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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