Report Update: May 1, 2024

Philippines - Lasers, Other Than Laser Diodes - Market Analysis, Forecast, Size, Trends and Insights

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Laser Price in the Philippines - 2023

Laser Price in the Philippines (CIF) - 2022

In 2022, the average laser import price amounted to $109 per unit, with a decrease of -15% against the previous year. In general, the import price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 325%. The import price peaked at $129 per unit in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($109 per unit) and China ($109 per unit), while the price for Singapore ($109 per unit) and South Korea ($109 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+69.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Laser Price in the Philippines (FOB) - 2022

In 2022, the average laser export price amounted to $124 per unit, which is down by -11.1% against the previous year. Overall, the export price showed a sharp shrinkage. The growth pace was the most rapid in 2015 when the average export price increased by 113% against the previous year. The export price peaked at $2,856 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($124 per unit) and Malaysia ($124 per unit), while the average price for exports to Singapore ($124 per unit) and Thailand ($124 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+36.8%), while the prices for the other major destinations experienced more modest paces of growth.

Laser Imports in the Philippines

For the fourth consecutive year, the Philippines recorded growth in overseas purchases of lasers, other than laser diodes, which increased by 23% to 60K units in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 84%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, laser imports expanded slightly to $6.5M in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 96%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Import of Laser in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	470	219	722	2,586	76.5%
Malaysia	133	517	1,418	1,172	106.6%
United States	118	117	884	649	76.5%
Germany	472	315	598	494	1.5%
Japan	383	244	1,558	466	6.8%
China	192	1,507	722	411	28.9%
South Korea	2.3	37.7	56.5	256	381.0%
Hong Kong SAR	262	163	111	211	-7.0%
Taiwan (Chinese)	228	9.7	21.5	22.6	-53.7%
Others	181	70.5	195	281	15.8%
Total	2,443	3,200	6,285	6,549	38.9%

Top Suppliers of Laser to the Philippines in 2022:

Singapore (23.6K units)
Malaysia (10.7K units)
United States (5.9K units)
Germany (4.5K units)
Japan (4.3K units)
China (3.8K units)
South Korea (2.3K units)
Hong Kong SAR (1.9K units)
Taiwan (Chinese) (0.2K units)

Laser Exports in the Philippines

For the fourth consecutive year, the Philippines recorded growth in overseas shipments of lasers, other than laser diodes, which increased by 39% to 26K units in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 463% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, laser exports soared to $3.2M in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 507%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Export of Laser in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	65.8	285	1,571	1,467	181.5%
Japan	122	60.0	715	837	90.0%
Singapore	N/A	3.0	5.4	495	1184.5%
Israel	0.3	N/A	N/A	155	702.4%
Malaysia	29.2	8.7	161	144	70.2%
Thailand	N/A	N/A	63.4	39.0	-38.5%
Others	14.4	71.2	83.0	65.0	65.3%
Total	232	428	2,598	3,202	139.9%

Top Export Markets for Laser from the Philippines in 2022:

United States (11.8K units)
Japan (6.8K units)
Singapore (4.0K units)
Israel (1.3K units)
Malaysia (1.2K units)
Thailand (0.3K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the laser market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26702330 - Lasers (excluding laser diodes, machines and appliances incorporating lasers)

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023