Philippines: Mobile Phone Market 2024

Mobile Phone Market Size in the Philippines

The Philippine mobile phone market expanded sharply to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, saw a slight contraction. Mobile phone consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Mobile Phone Production in the Philippines

In value terms, mobile phone production soared to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Mobile Phone Exports

Exports from the Philippines

Mobile phone exports from the Philippines surged to X units in 2022, jumping by X% on the year before. Overall, exports, however, saw a dramatic downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, mobile phone exports surged to $X in 2022. In general, exports, however, faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Guam (X units), the United States (X units) and Hong Kong SAR (X units) were the main destinations of mobile phone exports from the Philippines, together comprising X% of total exports.

From 2017 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guam (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the United States ($X) emerged as the key foreign market for mobile phones exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Guam ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2017 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guam (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the average mobile phone export price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price recorded a sharp decline. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Guam ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced a decline.

Mobile Phone Imports

Imports into the Philippines

In 2022, purchases abroad of mobile phones decreased by X% to X units, falling for the third consecutive year after three years of growth. Overall, imports showed a deep setback. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, mobile phone imports contracted to $X in 2022. In general, imports saw a pronounced slump. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Vietnam (X units) and Singapore (X units) were the main suppliers of mobile phone imports to the Philippines, together accounting for X% of total imports. Hong Kong SAR, Indonesia, India and the United States lagged somewhat behind, together accounting for a further X%.

From 2017 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mobile phone suppliers to the Philippines were Singapore ($X), China ($X) and Vietnam ($X), with a combined X% share of total imports. Indonesia, Hong Kong SAR, India and the United States lagged somewhat behind, together comprising a further X%.

Among the main suppliers, India, with a CAGR of X.3%, saw the highest rates of growth with regard to 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

In 2022, the average mobile phone import price amounted to $X per unit, declining by X% against the previous year. In general, the import price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2017 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 more modest paces of growth.

Source: IndexBox Platform

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