Philippines - Instruments Using Optical Radiations - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOptical Radiation Instruments Price in the Philippines - 2023
Contents:
- Optical Radiation Instruments Price in the Philippines (CIF) - 2022
- Optical Radiation Instruments Price in the Philippines (FOB) - 2022
- Optical Radiation Instruments Imports in the Philippines
- Optical Radiation Instruments Exports in the Philippines
Optical Radiation Instruments Price in the Philippines (CIF) - 2022
The average optical radiation instruments import price stood at $433 per unit in 2022, picking up by 47% against the previous year. Over the period under review, the import price saw a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 54% against the previous year. The import price peaked in 2022 and is likely to see steady 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 Japan ($433 per unit) and Italy ($433 per unit), while the price for Singapore ($433 per unit) and France ($433 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Optical Radiation Instruments Price in the Philippines (FOB) - 2022
The average optical radiation instruments export price stood at $336 per unit in 2022, dropping by -8.1% against the previous year. Overall, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2014 an increase of 14%. As a result, the export price reached the peak level of $691 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Thailand ($336 per unit) and Japan ($336 per unit), while the average price for exports to Vietnam ($336 per unit) and Singapore ($336 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 Indonesia (+69.1%), while the prices for the other major destinations experienced mixed trend patterns.
Optical Radiation Instruments Imports in the Philippines
In 2022, after three years of growth, there was significant decline in overseas purchases of instruments using optical radiations, when their volume decreased by -25.6% to 53K units. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 53%. Over the period under review, imports reached the peak figure at 72K units in 2021, and then shrank dramatically in the following year.
In value terms, optical radiation instruments imports rose rapidly to $23M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 59%. As a result, imports attained the peak of $24M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Optical Radiation Instruments in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 4.2 | 6.1 | 4.8 | 5.2 | 7.4% |
Israel | N/A | 0.1 | N/A | 5.1 | 614.1% |
United States | 5.8 | 9.7 | 6.6 | 4.1 | -10.9% |
Japan | 0.8 | 1.8 | 2.9 | 2.3 | 42.2% |
Switzerland | N/A | 0.1 | 0.5 | 1.1 | 231.7% |
China | 0.3 | 1.3 | 1.0 | 1.0 | 49.4% |
United Kingdom | 0.6 | 0.6 | 1.2 | 0.8 | 10.1% |
Italy | 0.3 | 0.2 | 0.3 | 0.5 | 18.6% |
Germany | 0.6 | 0.5 | 0.6 | 0.5 | -5.9% |
Hungary | N/A | N/A | 0.1 | 0.5 | 400.0% |
France | 0.6 | 0.4 | 0.6 | 0.4 | -12.6% |
Spain | 0.3 | 0.2 | 0.6 | 0.4 | 10.1% |
Others | 1.7 | 3.2 | 1.9 | 1.2 | -11.0% |
Total | 15.2 | 24.2 | 21.1 | 23.1 | 15.0% |
Top Suppliers of Optical Radiation Instruments to the Philippines in 2022:
- Singapore (12.0K units)
- Israel (11.8K units)
- United States (9.6K units)
- Japan (5.3K units)
- Switzerland (2.4K units)
- China (2.3K units)
- United Kingdom (1.8K units)
- Italy (1.1K units)
- Germany (1.1K units)
- Hungary (1.1K units)
- France (1.0K units)
- Spain (0.9K units)
Optical Radiation Instruments Exports in the Philippines
In 2022, the amount of instruments using optical radiations exported from the Philippines dropped dramatically to 539 units, falling by -39.7% on 2021 figures. Over the period under review, exports saw a significant decline. The exports peaked at 13K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, optical radiation instruments exports fell remarkably to $181K in 2022. In general, exports saw a significant decline. The exports peaked at $4M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Optical Radiation Instruments in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 0.2 | 1.3 | 0.6 | 126 | 757.3% |
United States | 248 | 53.3 | 83.3 | 40.9 | -45.2% |
Vietnam | 27.1 | 30.4 | 20.2 | 6.8 | -36.9% |
Japan | 244 | 23.7 | 12.8 | 5.3 | -72.1% |
Thailand | 2,367 | N/A | 1.9 | 2.0 | -90.5% |
Hong Kong SAR | 258 | N/A | N/A | N/A | 0% |
South Korea | 85.1 | 161 | N/A | N/A | 89.2% |
China | 602 | 0.1 | N/A | N/A | -100.0% |
Oman | 45.4 | N/A | 124 | N/A | 65.3% |
Others | 134 | 344 | 83.8 | 0.7 | -82.6% |
Total | 4,012 | 614 | 327 | 181 | -64.4% |
Top Export Markets for Optical Radiation Instruments from the Philippines in 2022:
- Singapore (373.0 units)
- United States (122.0 units)
- Vietnam (20.0 units)
- Japan (16.0 units)
- Thailand (6.0 units)
This report provides an in-depth analysis of the optical radiation instruments 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 26515350 - Instruments and apparatus using optical radiations, n.e.c.
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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