Philippines: Facsimile Machine Market 2022

Facsimile Machine Market Size in the Philippines

In 2021, the Philippine facsimile machine market decreased by -X% to $X, falling for the third consecutive year after two years of growth. Overall, consumption saw a abrupt contraction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Facsimile Machine Production in the Philippines

In value terms, facsimile machine production expanded notably to $X in 2021 estimated in export price. Over the period under review, production recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Facsimile Machine Exports

Exports from the Philippines

In 2021, exports of facsimile machines from the Philippines surged to X tons, picking up by X% on the year before. Over the period under review, exports enjoyed a resilient increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, facsimile machine exports soared to $X in 2021. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), Germany (X tons) and China (X tons) were the main destinations of facsimile machine exports from the Philippines, with a combined X% share of total exports. Japan, India, the Netherlands, Mexico, Finland, the United Arab Emirates, South Korea, Australia, Indonesia and Thailand lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for facsimile machine exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and China (+X% per year).

Export Prices by Country

In 2021, the average facsimile machine export price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Facsimile Machine Imports

Imports into the Philippines

After three years of decline, overseas purchases of facsimile machines increased by X% to X tons in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, facsimile machine imports skyrocketed to $X in 2021. In general, imports, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Thailand (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of facsimile machine imports to the Philippines, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Thailand (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Indonesia ($X) were the largest facsimile machine suppliers to the Philippines, with a combined X% share of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +X%, recorded the highest growth rate of 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 facsimile machine import price stood at $X per ton in 2021, remaining stable against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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