Philippines - Ballasts For Discharge Lamps Or Tubes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Ballast for Discharge Lamp in the Philippines - 2023
Contents:
- Price for Ballast for Discharge Lamp in the Philippines (CIF) - 2022
- Price for Ballast for Discharge Lamp in the Philippines (FOB) - 2022
- Imports of Ballast for Discharge Lamp in the Philippines
- Exports of Ballast for Discharge Lamp in the Philippines
Price for Ballast for Discharge Lamp in the Philippines (CIF) - 2022
The average ballast for discharge lamp import price stood at $12 per unit in 2022, surging by 9.8% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ballast for discharge lamp import price decreased by -4.9% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 31%. The import price peaked at $13 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Malaysia ($12 per unit) and South Korea ($12 per unit), while the price for the United States ($12 per unit) and Hong Kong SAR ($12 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ballast for Discharge Lamp in the Philippines (FOB) - 2022
In 2022, the average ballast for discharge lamp export price amounted to $3.3 per unit, which is down by -34% against the previous year. Overall, the export price saw a deep setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 52% against the previous year. The export price peaked at $11 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($6.2 per unit), while the average price for exports to Japan amounted to $3 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (-5.3%), while the prices for the other major destinations experienced a decline.
Imports of Ballast for Discharge Lamp in the Philippines
In 2022, ballast for discharge lamp imports into the Philippines contracted remarkably to 5.7M units, with a decrease of -76.5% on the previous year's figure. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 11,052% against the previous year. As a result, imports attained the peak of 24M units, and then reduced remarkably in the following year.
In value terms, ballast for discharge lamp imports shrank significantly to $68M in 2022. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 9,557%. As a result, imports reached the peak of $262M, and then dropped markedly in the following year.
| Import of Ballast for Discharge Lamp in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.4 | 0.2 | 49.0 | 25.9 | 301.6% |
| China | 3.8 | 0.6 | 31.2 | 11.5 | 44.6% |
| United States | 0.2 | 0.4 | 51.9 | 6.6 | 220.8% |
| Hong Kong SAR | 0.1 | N/A | 17.0 | 6.1 | 293.6% |
| Malaysia | N/A | N/A | 5.9 | 3.3 | -44.1% |
| Thailand | 0.1 | 0.1 | 4.6 | 3.1 | 214.1% |
| South Korea | N/A | 0.1 | 4.3 | 2.6 | 409.9% |
| Czech Republic | N/A | N/A | 2.9 | N/A | 0% |
| Others | 1.1 | 1.3 | 95.2 | 8.6 | 98.5% |
| Total | 5.9 | 2.7 | 262 | 67.6 | 125.4% |
Top Suppliers of Ballast for Discharge Lamp to the Philippines in 2022:
- Czech Republic (undefinedK units)
- Japan (2183.0K units)
- China (968.2K units)
- United States (555.2K units)
- Hong Kong SAR (515.6K units)
- Malaysia (279.2K units)
- Thailand (262.4K units)
- South Korea (215.4K units)
Exports of Ballast for Discharge Lamp in the Philippines
In 2022, exports of ballasts for discharge lamps or tubes from the Philippines skyrocketed to 6.9K units, jumping by 1,357% against 2021. Over the period under review, exports, however, recorded a significant decline. The exports peaked at 1.5M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, ballast for discharge lamp exports skyrocketed to $23K in 2022. Overall, exports, however, recorded a sharp slump. Over the period under review, the exports attained the maximum at $10M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Ballast for Discharge Lamp in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | N/A | N/A | 0% |
| Germany | 9.7 | N/A | N/A | N/A | 0% |
| Malaysia | 0.2 | N/A | N/A | N/A | 0% |
| India | 0.3 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.2 | N/A | N/A | N/A | 0% |
Top Export Markets for Ballast for Discharge Lamp from the Philippines in 2022:
- Japan (6.4K units)
- Taiwan (Chinese) (0.5K units)
This report provides an in-depth analysis of the market for ballast for discharge lamp 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 27115013 - Inductors for discharge lamps or tubes
- Prodcom 27115015 - Ballasts for discharge lamps or tubes (excluding inductors)
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
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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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