Philippines: Market for Machines For The Manufacture Of Flat Panel Displays 2024

Market Size for Machines For The Manufacture Of Flat Panel Displays in the Philippines

The Philippine panel display manufacturing machine market declined remarkably to $X in 2022, falling by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a moderate expansion. Panel display manufacturing machine consumption peaked at $X in 2021, and then contracted sharply in the following year.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports from the Philippines

In 2022, approx. X units of machines for the manufacture of flat panel displays were exported from the Philippines; with a decrease of X% against 2021. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, panel display manufacturing machine exports contracted significantly to $X in 2022. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then fell markedly in the following year.

Exports by Country

Singapore (X units) was the main destination for panel display manufacturing machine exports from the Philippines, with a X% share of total exports. Moreover, panel display manufacturing machine exports to Singapore exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Singapore amounted to X%.

In value terms, Singapore ($X) emerged as the key foreign market for machines for the manufacture of flat panel displays exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore totaled X%.

Export Prices by Country

The average panel display manufacturing machine export price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price, however, saw a resilient increase. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then declined significantly in the following year.

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 Singapore ($X per unit), while the average price for exports to Taiwan (Chinese) stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Machines For The Manufacture Of Flat Panel Displays

Imports into the Philippines

In 2022, the amount of machines for the manufacture of flat panel displays imported into the Philippines contracted markedly to X units, waning by X% on 2021 figures. In general, imports, however, showed significant growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then shrank remarkably in the following year.

In value terms, panel display manufacturing machine imports fell significantly to $X in 2022. Over the period under review, imports, however, showed a modest expansion. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

In 2022, South Korea (X units) constituted the largest panel display manufacturing machine supplier to the Philippines, with a X% share of total imports. Moreover, panel display manufacturing machine imports from South Korea exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with an X% share.

From 2017 to 2022, the average annual rate of growth in terms of volume from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Japan ($X) constituted the largest supplier of machines for the manufacture of flat panel displays to the Philippines, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with an X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2017 to 2022, the average annual rate of growth in terms of value from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average panel display manufacturing machine import price amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price recorded a precipitous setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 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 China ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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