Price for Electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square) in the Philippines - 2023

Contents:

1. Price for Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in the Philippines (CIF) - 2022
2. Price for Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in the Philippines (FOB) - 2022
3. Imports of Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in the Philippines
4. Exports of Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in the Philippines

Price for Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in the Philippines (CIF) - 2022

The average import price for electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square)s stood at $67 per unit in 2022, increasing by 56% against the previous year. In general, the import price enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2020 an increase of 140% against the previous year. The import price peaked at $87 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Singapore ($132 per unit), while the price for Sweden ($8.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in the Philippines (FOB) - 2022

The average export price for electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square)s stood at $55 per unit in 2022, picking up by 38% against the previous year. In general, the export price recorded a measured expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 289% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($114 per unit), while the average price for exports to Germany ($5.7 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 Egypt (+164.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in the Philippines

Imports of electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square)s into the Philippines dropped markedly to 26K units in 2022, waning by -35.2% on 2021 figures. Overall, imports faced a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. As a result, imports reached the peak of 40K units, and then shrank dramatically in the following year.

In value terms, imports of electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square)s amounted to $1.7M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 74% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) to the Philippines in 2022:

1. China (11.4K units)
2. South Korea (3.9K units)
3. Hong Kong SAR (3.8K units)
4. Sweden (3.2K units)
5. Singapore (2.0K units)
6. Germany (0.6K units)

Exports of Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in the Philippines

In 2022, the amount of electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square)s exported from the Philippines dropped remarkably to 8.2K units, reducing by -49.1% compared with 2021 figures. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 480% against the previous year. As a result, the exports attained the peak of 16K units, and then dropped notably in the following year.

In value terms, exports of electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square)s fell dramatically to $451K in 2022. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 2,154%. As a result, the exports attained the peak of $645K, and then shrank markedly in the following year.

Top Export Markets for Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) from the Philippines in 2022:

1. Hong Kong SAR (5.9K units)
2. Germany (0.8K units)
3. France (0.4K units)
4. Australia (0.3K units)
5. Spain (0.3K units)
6. Japan (0.3K units)
7. Brazil (0.1K units)

Source: IndexBox Market Intelligence Platform