Price for Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in the Philippines - 2023
Contents:
- Price for Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in the Philippines (CIF) - 2022
- Price for Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in the Philippines (FOB) - 2022
- Imports of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in the Philippines
- Exports of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in the Philippines
Price for Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in the Philippines (CIF) - 2022
The average import price for balls; (other than inflatable or for lawn-tennis, golf or table-tennis) stood at $1.1 per unit in 2022, almost unchanged from the previous year. Over the period under review, the import price, however, showed a pronounced expansion. The growth pace was the most rapid in 2016 an increase of 43%. As a result, import price attained the peak level of $1.5 per unit. From 2017 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($3.5 per unit), while the price for China ($0.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in the Philippines (FOB) - 2022
In 2022, the average export price for balls; (other than inflatable or for lawn-tennis, golf or table-tennis) amounted to $35 per unit, jumping by 73% against the previous year. Overall, the export price recorded a significant expansion. The pace of growth was the most pronounced in 2021 an increase of 816%. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($53 per unit), while the average price for exports to Hong Kong SAR ($4.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+43.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in the Philippines
In 2022, overseas purchases of balls; (other than inflatable or for lawn-tennis, golf or table-tennis) were finally on the rise to reach 2.8M units after two years of decline. Overall, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of balls; (other than inflatable or for lawn-tennis, golf or table-tennis) surged to $3.1M in 2022. Over the period under review, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,254 | 1,206 | 220 | 2,430 | 24.7% |
| Malaysia | 19.3 | 21.3 | 0.3 | 431 | 181.6% |
| Japan | 14.0 | 189 | 16.1 | 86.3 | 83.4% |
| Thailand | 41.6 | 39.0 | 31.5 | 0.3 | -80.7% |
| Others | 160 | 110 | 34.9 | 177 | 3.4% |
| Total | 1,489 | 1,565 | 302 | 3,124 | 28.0% |
Top Suppliers of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) to the Philippines in 2022:
- China (2590.2K units)
- Malaysia (124.7K units)
- Japan (45.3K units)
- Thailand (0.2K units)
Exports of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in the Philippines
In 2022, overseas shipments of balls; (other than inflatable or for lawn-tennis, golf or table-tennis) decreased by -55.1% to 17K units, falling for the second year in a row after two years of growth. Over the period under review, exports faced a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 728%. As a result, the exports reached the peak of 220K units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of balls; (other than inflatable or for lawn-tennis, golf or table-tennis) fell markedly to $598K in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 302%. The exports peaked at $771K in 2021, and then fell remarkably in the following year.
| Export of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.9 | N/A | 185 | 214 | 382.9% |
| United States | 6.6 | 449 | 254 | 108 | 153.9% |
| Canada | 36.3 | N/A | N/A | 90.9 | 35.8% |
| South Africa | N/A | N/A | 13.6 | 38.2 | 180.9% |
| South Korea | N/A | 32.5 | 10.4 | 23.9 | -14.2% |
| United Kingdom | N/A | N/A | 44.3 | 14.8 | -66.6% |
| Brazil | N/A | N/A | 7.0 | 13.4 | 91.4% |
| Egypt | N/A | N/A | 13.6 | 13.3 | -2.2% |
| Denmark | N/A | N/A | 21.6 | 8.9 | -58.8% |
| Australia | 28.4 | N/A | 90.3 | 7.0 | -37.3% |
| Poland | N/A | N/A | 14.2 | 6.6 | -53.5% |
| Hong Kong SAR | N/A | N/A | 5.7 | 6.1 | 7.0% |
| Bulgaria | 25.8 | N/A | N/A | N/A | 0% |
| Others | 20.6 | 0.1 | 112 | 52.6 | 36.7% |
| Total | 120 | 481 | 771 | 598 | 70.8% |
Top Export Markets for Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) from the Philippines in 2022:
- Netherlands (5.0K units)
- Canada (2.0K units)
- United States (2.0K units)
- Hong Kong SAR (1.4K units)
- United Kingdom (1.3K units)
- Poland (1.0K units)
- South Africa (0.9K units)
- Australia (0.7K units)
- South Korea (0.6K units)
- Denmark (0.4K units)
- Brazil (0.3K units)
- Egypt (0.3K units)
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