Philippines: Video Projector Market 2024

Video Projector Market Size in the Philippines

The Philippine video projector market declined slightly to $X in 2023, approximately mirroring the previous year. Overall, consumption, however, showed a slight decrease. Video projector consumption peaked at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Video Projector Production in the Philippines

In value terms, video projector production declined modestly to $X in 2023 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2023, production growth failed to regain momentum.

Video Projector Exports

Exports from the Philippines

After two years of growth, shipments abroad of video projectors decreased by X% to X units in 2023. Overall, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports attained the peak of X units. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, video projector exports soared to $X in 2023. In general, total exports indicated resilient growth from 2017 to 2023: its value increased at an average annual rate of X% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X units), Germany (X units) and the Netherlands (X units) were the main destinations of video projector exports from the Philippines, together accounting for X% of total exports. Japan, China, Brazil, Mexico, Canada, Malaysia and the UK lagged somewhat behind, together comprising a further X%.

From 2017 to 2023, the biggest increases were recorded for Brazil (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for video projector exported from the Philippines were the United States ($X), Germany ($X) and the Netherlands ($X), together comprising X% of total exports. Japan, China, Brazil, Canada, Mexico, the UK and Malaysia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Brazil, 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 video projector export price stood at $X per unit in 2023, surging by X% against the previous year. Overall, the export price saw significant growth. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The export price peaked in 2023 and is likely to see steady growth in the near future.

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

From 2017 to 2023, 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.

Video Projector Imports

Imports into the Philippines

In 2023, purchases abroad of video projectors was finally on the rise to reach X units after four years of decline. In general, imports, however, recorded a deep slump. Imports peaked at X units in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, video projector imports soared to $X in 2023. Overall, imports, however, recorded a dramatic decline. Imports peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X units) was the main video projector supplier to the Philippines, with a X% share of total imports. Moreover, video projector imports from China exceeded the figures recorded by the second-largest supplier, Canada (X units), more than tenfold. Brazil (X units) ranked third in terms of total imports with a X% share.

From 2017 to 2023, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Brazil (X% per year).

In value terms, China ($X) constituted the largest supplier of video projectors to the Philippines, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2017 to 2023, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2023, the average video projector import price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price faced a deep downturn. The growth pace was the most rapid in 2022 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2017 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform