Philippines: Market for Digital Data Processing Machines: Presented In The Form Of Systems 2024

Market Size for Digital Data Processing Machines: Presented In The Form Of Systems in the Philippines

After two years of growth, the Philippine digital data processing machine market decreased by X% to $X in 2022. Overall, consumption, however, continues to indicate a significant expansion. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Exports of Digital Data Processing Machines: Presented In The Form Of Systems

Exports from the Philippines

In 2022, overseas shipments of digital data processing machines: presented in the form of systems decreased by X% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, digital data processing machine exports soared to $X in 2022. In general, exports, however, showed a strong expansion. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X units), Taiwan (Chinese) (X units) and Hong Kong SAR (X units) were the main destinations of digital data processing machine exports from the Philippines, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for digital data processing machine exported from the Philippines were Taiwan (Chinese) ($X), South Korea ($X) and Malaysia ($X), together accounting for X% of total exports.

South Korea, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average digital data processing machine export price stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Indonesia ($X 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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Digital Data Processing Machines: Presented In The Form Of Systems

Imports into the Philippines

After four years of growth, purchases abroad of digital data processing machines: presented in the form of systems decreased by X% to X units in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked at X units in 2021, and then fell rapidly in the following year.

In value terms, digital data processing machine imports skyrocketed to $X in 2022. Overall, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Singapore (X units), China (X units) and Hong Kong SAR (X units) were the main suppliers of digital data processing machine imports to the Philippines, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of digital data processing machines: presented in the form of systems to the Philippines, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The average digital data processing machine import price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, faced a abrupt decline. The import price peaked at $X per unit in 2013; however, from 2014 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 Malaysia ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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