Philippines: Semiconductor Device Market 2024

Semiconductor Device Market Size in the Philippines

The Philippine semiconductor device market fell to $X in 2022, reducing 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). Overall, consumption, however, saw a noticeable expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Semiconductor Device Exports

Exports from the Philippines

For the fifth consecutive year, the Philippines recorded decline in shipments abroad of semiconductor devices, which decreased by X% to X units in 2022. Over the period under review, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, semiconductor device exports fell dramatically to $X in 2022. Overall, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X units), Hong Kong SAR (X units) and Singapore (X units) were the main destinations of semiconductor device exports from the Philippines, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Hong Kong SAR ($X) remains the key foreign market for semiconductor devices exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and the United States (X% per year).

Export Prices by Country

The average semiconductor device export price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

Semiconductor Device Imports

Imports into the Philippines

In 2022, the amount of semiconductor devices imported into the Philippines reduced sharply to X units, shrinking by X% compared with the previous year. Over the period under review, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, semiconductor device imports reduced notably to $X in 2022. Overall, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and Germany (X units) were the main suppliers of semiconductor device imports to the Philippines, together comprising X% of total imports. Japan, Hong Kong SAR, Ireland, Malaysia, South Korea and Singapore lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest semiconductor device suppliers to the Philippines were Taiwan (Chinese) ($X), Japan ($X) and China ($X), together accounting for X% of total imports. Singapore, Hong Kong SAR, Ireland, Malaysia, South Korea and Germany lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Ireland, with a CAGR of X%, 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

The average semiconductor device import price stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The growth pace was the most rapid in 2015 when the average import price increased by X%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :