Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the Philippines - 2023
Contents:
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the Philippines (CIF) - 2023
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the Philippines (FOB) - 2022
- Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the Philippines
- Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the Philippines
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the Philippines (CIF) - 2023
The average import price for clocks; wall clocks, battery, accumulator or mains powereds stood at $1.5 per unit in November 2023, which is down by -14% against the previous month. Overall, the import price showed a mild slump. The growth pace was the most rapid in September 2023 when the average import price increased by 145% against the previous month. The import price peaked at $3.9 per unit in February 2023; however, from March 2023 to November 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to -1.0% per month.
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the Philippines (FOB) - 2022
The average export price for clocks; wall clocks, battery, accumulator or mains powereds stood at $19 per unit in 2022, increasing by 45% against the previous year. In general, the export price recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 an increase of 57%. The export price peaked in 2022 and is likely to see gradual growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Guam.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +30.0% per year.
Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the Philippines
In 2022, imports of clocks; wall clocks, battery, accumulator or mains powereds into the Philippines skyrocketed to 2.4M units, jumping by 177% on 2021. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 194% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of clocks; wall clocks, battery, accumulator or mains powereds soared to $4.1M in 2022. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 73%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.0 | 1.2 | 2.3 | 3.3 | 18.2% |
| Japan | N/A | N/A | N/A | 0.4 | 0% |
| Others | 0.1 | 0.2 | 0.1 | 0.4 | 58.7% |
| Total | 2.1 | 1.4 | 2.5 | 4.1 | 25.0% |
Top Suppliers of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered to the Philippines in 2022:
- China (2176.1K units)
- Japan (161.7K units)
Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the Philippines
In 2022, after three years of growth, there was significant decline in shipments abroad of clocks; wall clocks, battery, accumulator or mains powereds, when their volume decreased by -99.2% to 65 units. Overall, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 140% against the previous year. The exports peaked at 7.7K units in 2021, and then contracted sharply in the following year.
In value terms, exports of clocks; wall clocks, battery, accumulator or mains powereds contracted significantly to $1.2K in 2022. In general, exports faced a significant decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 145%. Over the period under review, the exports of hit record highs at $100K in 2021, and then reduced notably in the following year.
| Export of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guam | N/A | N/A | N/A | 1.2 | 0% |
| United Kingdom | N/A | 32.8 | 57.8 | N/A | 76.2% |
| France | 6.0 | 5.2 | 5.3 | N/A | -6.0% |
| United States | 7.5 | 6.8 | 20.1 | N/A | 63.7% |
| Canada | 6.0 | 10.1 | 14.5 | N/A | 55.5% |
| Others | 4.0 | 3.0 | 2.0 | N/A | -29.3% |
| Total | 23.6 | 57.9 | 99.7 | 1.2 | -63.0% |
Top Export Markets for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered from the Philippines in 2022:
- Guam (65.0 units)
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