Philippines: Electronic Material Tester Market 2024

Electronic Material Tester Market Size in the Philippines

The Philippine electronic material tester market fell to $X in 2022, approximately equating the previous year. Overall, consumption saw a abrupt decrease. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Electronic Material Tester Production in the Philippines

In value terms, electronic material tester production declined modestly to $X in 2022 estimated in export price. In general, production showed a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Electronic Material Tester Exports

Exports from the Philippines

In 2022, exports of electronic machines and appliances for testing materials from the Philippines reduced notably to X units, falling by X% on the previous year. Over the period under review, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electronic material tester exports contracted sharply to $X in 2022. Overall, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for electronic material tester exports from the Philippines, with a X% share of total exports. Moreover, electronic material tester exports to the United States exceeded the volume sent to the second major destination, Singapore (X units), sixfold. South Korea (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and South Korea (X% per year).

In value terms, the United States ($X) remains the key foreign market for electronic machines and appliances for testing materials exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and South Korea (X% per year).

Export Prices by Country

The average electronic material tester export price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price recorded a deep slump. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Vietnam ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Material Tester Imports

Imports into the Philippines

In 2022, approx. X units of electronic machines and appliances for testing materials were imported into the Philippines; surging by X% compared with the year before. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, electronic material tester imports expanded slightly to $X in 2022. Overall, imports, however, saw a pronounced contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest electronic material tester supplier to the Philippines, accounting for a X% share of total imports. Moreover, electronic material tester imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. Japan (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Japan (X% per year).

In value terms, the largest electronic material tester suppliers to the Philippines were China ($X), the United States ($X) and Japan ($X), with a combined X% share of total imports. Malaysia, Taiwan (Chinese), Italy, Thailand and India lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average electronic material tester import price amounted to $X per unit, standing approx. at the previous year. In general, the import price recorded a drastic downturn. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a 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 Malaysia ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :