Philippines: Market for Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels 2022

Market Size for Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels in the Philippines

The Philippine market for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses dropped sharply to $X in 2020, with a decrease of -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 showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2020, consumption failed to regain the momentum.

Exports of Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Exports from the Philippines

In 2020, exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses from the Philippines dropped remarkably to X square meters, declining by -X% against 2019. In general, exports showed a sharp curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by X% y-o-y. Exports peaked at X square meters in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses dropped dramatically to $X in 2020. Overall, exports recorded a sharp curtailment. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Exports peaked at $X in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

Exports by Country

Thailand (X square meters) was the main destination for exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses from the Philippines, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Thailand stood at +X%.

From 2007 to 2020, the average annual growth rate of value to Thailand amounted to +X%.

Export Prices by Country

In 2020, the average export price for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses amounted to $X per square meter, declining by -X% against the previous year. Overall, the export price, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per square meter in 2015; however, from 2016 to 2020, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2007 to 2020, the rate of growth in terms of prices for Thailand amounted to +X% per year.

Imports of Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Imports into the Philippines

In 2020, the amount of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses imported into the Philippines shrank remarkably to X square meters, with a decrease of -X% on 2019 figures. In general, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X square meters in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, imports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses shrank sharply to $X in 2020. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Imports peaked at $X in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

Imports by Country

China (X square meters), Thailand (X square meters) and Indonesia (X square meters) were the main suppliers of imports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses to the Philippines, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China, while imports for the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X), China ($X) and Indonesia ($X) were the largest safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels suppliers to the Philippines, together accounting for X% of total imports.

In terms of the main suppliers, China recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses stood at $X per square meter in 2020, rising by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The import price peaked in 2020 and is likely to see gradual growth in years to come.

Prices varied noticeably by the country of origin; the country with the highest price was Thailand ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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