Price for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in the Philippines - 2023
Contents:
- Price for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in the Philippines (FOB) - 2023
- Price for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in the Philippines (CIF) - 2022
- Exports of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in the Philippines
- Imports of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in the Philippines
Price for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in the Philippines (FOB) - 2023
In September 2023, the average export price for video recording or reproducing apparatus; other than magnetic tape-types amounted to $544 per unit, shrinking by -14.8% against the previous month. In general, the export price showed a mild setback. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 702% against the previous month. As a result, the export price attained the peak level of $824 per unit. From February 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($752 per unit), while the average price for exports to Canada ($409 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in the Philippines (CIF) - 2022
In 2022, the average import price for video recording or reproducing apparatus; other than magnetic tape-types amounted to $17 per unit, reducing by -30.8% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the average import price increased by 74%. Over the period under review, average import prices hit record highs at $27 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
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 Switzerland ($718 per unit), while the price for Hong Kong SAR ($7.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+38.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in the Philippines
In 2022, shipments abroad of video recording or reproducing apparatus; other than magnetic tape-types decreased by -6% to 386K units, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 5.4% against the previous year. As a result, the exports attained the peak of 614K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of video recording or reproducing apparatus; other than magnetic tape-types shrank notably to $50M in 2022. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 33% against the previous year. As a result, the exports attained the peak of $114M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 55.0 | 86.1 | 58.1 | 35.9 | -13.3% |
| United States | 29.7 | 25.2 | 19.7 | 12.8 | -24.5% |
| Others | 0.8 | 2.3 | 0.3 | 1.7 | 28.6% |
| Total | 85.5 | 114 | 78.1 | 50.4 | -16.2% |
Top Export Markets for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type from the Philippines in 2022:
- Japan (347.9K units)
- United States (34.2K units)
Imports of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in the Philippines
In 2022, purchases abroad of video recording or reproducing apparatus; other than magnetic tape-types increased by 40% to 592K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt contraction. Over the period under review, imports of reached the maximum at 854K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of video recording or reproducing apparatus; other than magnetic tape-types shrank to $10M in 2022. In general, imports, however, showed a sharp setback. The pace of growth appeared the most rapid in 2021 when imports increased by 6.8% against the previous year. Over the period under review, imports of attained the maximum at $20M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 1.7 | 0.9 | 0.7 | 3.3 | 24.7% |
| China | 9.3 | 6.1 | 5.1 | 2.5 | -35.5% |
| South Korea | 7.7 | 1.7 | 3.4 | 2.1 | -35.2% |
| Others | 1.5 | 1.1 | 1.3 | 2.3 | 15.3% |
| Total | 20.2 | 9.8 | 10.5 | 10.1 | -20.6% |
Top Suppliers of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type to the Philippines in 2022:
- Hong Kong SAR (416.6K units)
- China (129.8K units)
- South Korea (32.8K units)
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