Lamps; Arc-Lamps Price in the Philippines - 2023
Contents:
Lamps; Arc-Lamps Price in the Philippines (CIF) - 2022
The average lamps; arc-lamps import price stood at $75 per unit in 2022, flattening at the previous year. In general, the import price, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 an increase of 186% against the previous year. The import price peaked at $76 per unit in 2021, and then declined slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($278 per unit), while the price for France ($24 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+196.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Lamps; Arc-Lamps Imports in the Philippines
In 2022, the amount of lamps; arc-lampses imported into the Philippines skyrocketed to 13K units, growing by 35% compared with 2021. Over the period under review, imports, however, continue to indicate a sharp slump. Over the period under review, imports hit record highs at 26K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, lamps; arc-lamps imports surged to $953K in 2022. In general, imports, however, showed a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. Over the period under review, imports reached the maximum at $1.2M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Lamps; Arc-Lamps in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 38.4 | 195 | 277 | 389 | 116.4% |
| Singapore | 35.6 | 63.4 | 114 | 187 | 73.8% |
| Japan | 539 | 72.4 | 70.3 | 128 | -38.1% |
| Hong Kong SAR | 54.3 | 32.3 | 91.4 | 101 | 23.0% |
| China | 188 | 85.0 | 18.6 | 46.7 | -37.1% |
| Germany | 294 | 12.4 | 64.6 | 39.6 | -48.7% |
| France | 1.4 | N/A | 30.0 | 28.5 | 173.0% |
| Others | 16.3 | 45.4 | 50.2 | 33.4 | 27.0% |
| Total | 1,167 | 506 | 715 | 953 | -6.5% |
Top Suppliers of Lamps; Arc-Lamps to the Philippines in 2022:
- Singapore (3.7K units)
- Japan (2.5K units)
- United States (2.3K units)
- China (1.9K units)
- France (1.2K units)
- Germany (0.4K units)
- Hong Kong SAR (0.4K units)
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