Price for Engravings, Prints and Lithographs; Original in the Philippines - 2023

Contents:

1. Price for Engravings, Prints and Lithographs; Original in the Philippines (CIF) - 2022
2. Price for Engravings, Prints and Lithographs; Original in the Philippines (FOB) - 2022
3. Imports of Engravings, Prints and Lithographs; Original in the Philippines
4. Exports of Engravings, Prints and Lithographs; Original in the Philippines

Price for Engravings, Prints and Lithographs; Original in the Philippines (CIF) - 2022

In 2022, the average import price for engravings, prints and lithographs; originals amounted to $90 per unit, which is down by -13% against the previous year. In general, the import price, however, showed a strong increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 114%. The import price peaked at $132 per unit in 2018; however, from 2019 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 Hong Kong SAR ($232 per unit), while the price for China ($30 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+25,567.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Engravings, Prints and Lithographs; Original in the Philippines (FOB) - 2022

The average export price for engravings, prints and lithographs; originals stood at $0.9 per unit in 2022, almost unchanged from the previous year. Over the period under review, the export price recorded a prominent increase. The pace of growth appeared the most rapid in 2015 an increase of 63%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

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 China ($1.3 per unit), while the average price for exports to Singapore ($0.1 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 New Zealand (+63.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Engravings, Prints and Lithographs; Original in the Philippines

In 2022, approx. 285 units of engravings, prints and lithographs; originals were imported into the Philippines; with a decrease of -47.7% against the previous year. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 713% against the previous year. As a result, imports reached the peak of 545 units, and then fell dramatically in the following year.

In value terms, engravings, prints and lithographs; original imports dropped dramatically to $26K in 2022. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 666% against the previous year. As a result, imports reached the peak of $57K, and then fell rapidly in the following year.

Top Suppliers of Engravings, Prints and Lithographs; Original to the Philippines in 2022:

1. United States (144.0 units)
2. United Kingdom (52.0 units)
3. China (47.0 units)
4. Hong Kong SAR (18.0 units)
5. Netherlands (8.0 units)
6. France (8.0 units)
7. Japan (2.0 units)

Exports of Engravings, Prints and Lithographs; Original in the Philippines

In 2022, after two years of decline, there was decline in overseas shipments of engravings, prints and lithographs; originals, when their volume decreased by 0% to 61K units. Overall, exports showed a precipitous setback. The smallest decline of 99.9% was in 2020. Over the period under review, the exports attained the maximum at 820K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, engravings, prints and lithographs; original exports amounted to $53K in 2022. Over the period under review, exports continue to indicate a dramatic downturn. The smallest decline of 99.9% was in 2020. Over the period under review, the exports attained the peak figure at $232K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Engravings, Prints and Lithographs; Original from the Philippines in 2022:

1. South Korea (51.0K units)
2. Singapore (8.8K units)
3. China (1.2K units)

Source: IndexBox Market Intelligence Platform