Price for Optical Media; Recorded, Excluding Products of Chapter 37 in the Philippines - 2022
Contents:
- Price for Optical Media; Recorded, Excluding Products of Chapter 37 in the Philippines (CIF) - 2022
- Price for Optical Media; Recorded, Excluding Products of Chapter 37 in the Philippines (FOB) - 2022
- Imports of Optical Media; Recorded, Excluding Products of Chapter 37 in the Philippines
- Exports of Optical Media; Recorded, Excluding Products of Chapter 37 in the Philippines
Price for Optical Media; Recorded, Excluding Products of Chapter 37 in the Philippines (CIF) - 2022
The average import price for optical media; recorded, excluding products of chapter 37s stood at $62 per unit in 2022, shrinking by -27.3% against the previous year. In general, the import price, however, recorded resilient growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 412% against the previous year. Over the period under review, average import prices hit record highs at $278 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($375 per unit), while the price for Singapore ($40 per unit) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+98.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Optical Media; Recorded, Excluding Products of Chapter 37 in the Philippines (FOB) - 2022
In 2022, the average export price for optical media; recorded, excluding products of chapter 37s amounted to $22 per unit, reducing by -3.4% against the previous year. In general, the export price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 9.4%. The export price peaked at $30 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
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 China ($58 per unit), while the average price for exports to the UK ($11 per unit) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+19.7%), while the prices for the other major destinations experienced a decline.
Imports of Optical Media; Recorded, Excluding Products of Chapter 37 in the Philippines
In 2022, the amount of optical media; recorded, excluding products of chapter 37s imported into the Philippines skyrocketed to 299K units, growing by 74% compared with 2021 figures. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 223% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of optical media; recorded, excluding products of chapter 37s skyrocketed to $18M in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 118%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Optical Media; Recorded, Excluding Products of Chapter 37 in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 3.0 | 2.4 | 7.8 | 11.1 | 54.7% |
| South Korea | 1.4 | 0.6 | 2.9 | 4.0 | 41.9% |
| Japan | 4.1 | 0.9 | 1.0 | 0.8 | -42.0% |
| United States | 2.8 | 0.7 | 0.9 | 0.5 | -43.7% |
| Others | 6.9 | 2.1 | 2.0 | 2.1 | -32.7% |
| Total | 18.2 | 6.7 | 14.6 | 18.4 | 0.4% |
Top Suppliers of Optical Media; Recorded, Excluding Products of Chapter 37 to the Philippines in 2022:
- Singapore (278.3K units)
- South Korea (10.6K units)
- United States (3.1K units)
- Japan (2.0K units)
Exports of Optical Media; Recorded, Excluding Products of Chapter 37 in the Philippines
In 2022, shipments abroad of optical media; recorded, excluding products of chapter 37s increased by 108% to 3.3K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a dramatic setback. The exports peaked at 9.7K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of optical media; recorded, excluding products of chapter 37s surged to $73K in 2022. Over the period under review, exports, however, recorded a sharp slump. Over the period under review, the exports of reached the peak figure at $288K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Optical Media; Recorded, Excluding Products of Chapter 37 in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.7 | 65.5 | 8.0 | 31.3 | 43.0% |
| China | 235 | 5.4 | 3.1 | 9.2 | -66.0% |
| Singapore | 0.1 | 8.4 | 6.2 | 4.8 | 263.4% |
| France | 1.2 | 5.3 | 1.3 | 4.8 | 58.7% |
| Germany | 0.3 | 31.2 | 1.3 | 4.2 | 141.0% |
| South Korea | 0.1 | 0.3 | 1.9 | 1.6 | 152.0% |
| United Kingdom | 1.0 | 0.5 | 0.4 | 1.2 | 6.3% |
| Malaysia | N/A | 3.0 | 0.4 | 0.1 | -81.7% |
| Others | 39.7 | 89.0 | 14.1 | 16.3 | -25.7% |
| Total | 288 | 209 | 36.6 | 73.4 | -36.6% |
Top Export Markets for Optical Media; Recorded, Excluding Products of Chapter 37 from the Philippines in 2022:
- United States (1788.0 units)
- Singapore (273.0 units)
- France (273.0 units)
- Germany (220.0 units)
- China (158.0 units)
- United Kingdom (113.0 units)
- South Korea (93.0 units)
- Malaysia (8.0 units)
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