Philippines: Telecommunications Instrument Market 2024

Telecommunications Instrument Market Size in the Philippines

The Philippine telecommunications instrument market was estimated at $X in 2022, surging by X% against the previous year. Over the period under review, consumption enjoyed a strong increase. Telecommunications instrument consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Telecommunications Instrument Production in the Philippines

In value terms, telecommunications instrument production stood at $X in 2022 estimated in export price. In general, production posted strong growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Telecommunications Instrument Exports

Exports from the Philippines

In 2022, overseas shipments of telecommunications instruments decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports faced a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. 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, telecommunications instrument exports fell sharply to $X in 2022. Overall, exports showed a noticeable curtailment. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan (X units), the United States (X units) and Germany (X units) were the main destinations of telecommunications instrument exports from the Philippines, together comprising 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 Germany (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for telecommunications instrument exported from the Philippines were Japan ($X), the United States ($X) and Germany ($X), with a combined X% share of total exports. Singapore, China and Malaysia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Malaysia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average telecommunications instrument export price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then contracted in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($X per unit) and Japan ($X per unit), while the average price for exports to Malaysia ($X per unit) and the United States ($X per unit) were amongst the lowest.

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

Telecommunications Instrument Imports

Imports into the Philippines

For the third consecutive year, the Philippines recorded decline in overseas purchases of telecommunications instruments, which decreased by X% to X units in 2022. Overall, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, telecommunications instrument imports reduced modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of telecommunications instrument to the Philippines, with a X% share of total imports. Moreover, telecommunications instrument imports from the United States exceeded the figures recorded by the second-largest supplier, Singapore (X units), twofold. 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 the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Japan (X% per year).

In value terms, the United States ($X) constituted the largest supplier of telecommunications instruments to the Philippines, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

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

Import Prices by Country

The average telecommunications instrument import price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price showed a prominent expansion. The pace of growth appeared the most rapid in 2018 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Israel ($X per unit) and Hong Kong SAR ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and Japan ($X per unit) were 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

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