Philippines: Water Filter Market 2024

Water Filter Market Size in the Philippines

The Philippine water filter market skyrocketed to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption showed significant growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Water Filter Production in the Philippines

In value terms, water filter production surged to $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Water Filter Exports

Exports from the Philippines

In 2022, overseas shipments of machinery for filtering or purifying water increased by X% to X units for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, water filter exports soared to $X in 2022. In general, exports, however, recorded a pronounced reduction. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X units) was the main destination for water filter exports from the Philippines, with a X% share of total exports. Moreover, water filter exports to Japan exceeded the volume sent to the second major destination, Singapore (X units), threefold. The third position in this ranking was taken by the United States (X units), with a X% share.

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

In value terms, Japan ($X) emerged as the key foreign market for machinery for filtering or purifying water exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by China, with a X% share.

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

Export Prices by Country

The average water filter export price stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum 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 Australia ($X per unit), while the average price for exports to the United States ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Water Filter Imports

Imports into the Philippines

In 2022, approx. X units of machinery for filtering or purifying water were imported into the Philippines; rising by X% compared with 2021. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, water filter imports soared to $X in 2022. Over the period under review, imports continue to indicate a buoyant increase. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest water filter supplier to the Philippines, accounting for a X% share of total imports. Moreover, water filter imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. The third position in this ranking was held by South Korea (X units), with a X% share.

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

In value terms, the largest water filter suppliers to the Philippines were China ($X), South Korea ($X) and Germany ($X), together comprising X% of total imports. The United States, Japan, India, Switzerland, Singapore, Spain, Malaysia, Taiwan (Chinese) and Israel lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average water filter import price stood at $X per unit in 2022, rising by X% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, average import prices reached the maximum at $X 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 South Korea ($X per unit), while the price for Israel ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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