Philippines - Multimeters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMultimeter Price in the Philippines - 2023
Contents:
- Multimeter Price in the Philippines (CIF) - 2022
- Multimeter Price in the Philippines (FOB) - 2022
- Multimeter Imports in the Philippines
- Multimeter Exports in the Philippines
Multimeter Price in the Philippines (CIF) - 2022
The average multimeter import price stood at $16 per unit in 2022, growing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2020 an increase of 17%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($71 per unit), while the price for Hong Kong SAR ($2.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Multimeter Price in the Philippines (FOB) - 2022
The average multimeter export price stood at $62 per unit in 2022, which is down by -12.6% against the previous year. Over the period under review, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 45%. Over the period under review, the average export prices reached the peak figure at $131 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Taiwan (Chinese) ($62 per unit) and the United States ($62 per unit), while the average price for exports to Singapore ($62 per unit) and Germany ($62 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+34.4%), while the prices for the other major destinations experienced a decline.
Multimeter Imports in the Philippines
In 2022, multimeter imports into the Philippines contracted significantly to 164K units, falling by -19.1% against the year before. Overall, imports faced a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. Imports peaked at 247K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, multimeter imports declined to $2.6M in 2022. In general, imports saw a pronounced setback. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. Imports peaked at $3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Multimeter in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 518 | 481 | 406 | 690 | 10.0% |
| China | 466 | 128 | 339 | 663 | 12.5% |
| Japan | 339 | 266 | 322 | 359 | 1.9% |
| Singapore | 706 | 418 | 390 | 193 | -35.1% |
| Germany | 63.7 | 99.3 | 73.8 | 119 | 23.2% |
| South Korea | 277 | 93.7 | 121 | 82.6 | -33.2% |
| Taiwan (Chinese) | 18.9 | 20.7 | 39.1 | 37.7 | 25.9% |
| United Kingdom | 205 | 165 | 88.4 | 28.8 | -48.0% |
| Hong Kong SAR | 58.6 | 34.7 | 36.9 | 10.1 | -44.3% |
| Others | 346 | 660 | 1,027 | 429 | 7.4% |
| Total | 2,997 | 2,367 | 2,843 | 2,612 | -4.5% |
Top Suppliers of Multimeter to the Philippines in 2022:
- China (77.1K units)
- Japan (39.2K units)
- United States (9.7K units)
- South Korea (6.6K units)
- Singapore (6.5K units)
- Germany (6.1K units)
- Taiwan (Chinese) (4.8K units)
- Hong Kong SAR (4.7K units)
- United Kingdom (3.1K units)
Multimeter Exports in the Philippines
In 2022, the amount of multimeters exported from the Philippines soared to 8.2K units, picking up by 79% against the year before. Over the period under review, exports recorded a resilient increase. The exports peaked at 10K units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
In value terms, multimeter exports soared to $503K in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% 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 decreased by -3.5% against 2020 indices. Over the period under review, the exports attained the maximum at $522K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
| Export of Multimeter in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 265 | 202 | 137 | 272 | 0.9% |
| United States | 72.5 | 143 | 68.0 | 118 | 17.6% |
| Singapore | 5.0 | 146 | 103 | 86.7 | 158.8% |
| Taiwan (Chinese) | 0.9 | 1.2 | 0.7 | 15.0 | 155.4% |
| Germany | 2.8 | N/A | N/A | 9.4 | 49.7% |
| Oman | N/A | 23.0 | N/A | 1.5 | -74.5% |
| Others | 19.2 | 7.5 | 13.4 | 1.5 | -57.3% |
| Total | 366 | 522 | 322 | 503 | 11.2% |
Top Export Markets for Multimeter from the Philippines in 2022:
- Oman (undefinedK units)
- Malaysia (4.4K units)
- United States (1.9K units)
- Singapore (1.4K units)
- Taiwan (Chinese) (0.2K units)
- Germany (0.2K units)
This report provides an in-depth analysis of the multimeter 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 26514310 - Multimeters
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.
-
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
-
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
-
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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