Philippines: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2024

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in the Philippines

The Philippine market for non-electronic instruments for measuring or checking variables of liquids or gases dropped significantly to $X in 2022, which is down 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). In general, consumption, however, showed a significant expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then fell markedly in the following year.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports from the Philippines

Non-electronic liquid or gas measurer exports from the Philippines rose sharply to X units in 2022, increasing by X% on 2021 figures. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, non-electronic liquid or gas measurer exports surged to $X in 2022. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China (X units) was the main destination for non-electronic liquid or gas measurer exports from the Philippines, accounting for a X% share of total exports. Moreover, non-electronic liquid or gas measurer exports to China exceeded the volume sent to the second major destination, the UK (X units), fourfold. Japan (X units) ranked third in terms of total exports with an X% share.

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

In value terms, China ($X) emerged as the key foreign market for non-electronic instruments for measuring or checking variables of liquids or gases exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

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

Export Prices by Country

In 2022, the average export price for non-electronic instruments for measuring or checking variables of liquids or gases amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

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Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports into the Philippines

In 2022, the amount of non-electronic instruments for measuring or checking variables of liquids or gases imported into the Philippines shrank significantly to X units, dropping by X% compared with the year before. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then shrank sharply in the following year.

In value terms, non-electronic liquid or gas measurer imports fell remarkably to $X in 2022. In general, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-electronic liquid or gas measurer to the Philippines, with a X% share of total imports. Moreover, non-electronic liquid or gas measurer imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. The third position in this ranking was held by the United States (X units), 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: Japan (X% per year) and the United States (X% per year).

In value terms, the United States ($X) constituted the largest supplier of non-electronic instruments for measuring or checking variables of liquids or gases to the Philippines, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by China, with an X% share.

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

Import Prices by Country

The average import price for non-electronic instruments for measuring or checking variables of liquids or gases stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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