Report Update: May 1, 2024

Philippines - Mobile Phones - Market Analysis, Forecast, Size, Trends And Insights

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Mobile Phone Price in the Philippines - 2023

Mobile Phone Price in the Philippines (CIF) - 2022

The average mobile phone import price stood at $279 per unit in 2022, declining by -6.3% against the previous year. Overall, the import price, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 71%. As a result, import price reached the peak level of $298 per unit, and then reduced in the following year.

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 Singapore ($728 per unit), while the price for Hong Kong SAR ($57 per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+41.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Mobile Phone Price in the Philippines (FOB) - 2022

The average mobile phone export price stood at $62 per unit in 2022, with a decrease of -22.3% against the previous year. Over the period under review, the export price saw a sharp downturn. The export price peaked at $633 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($121 per unit), while the average price for exports to Guam ($25 per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-26.9%), while the prices for the other major destinations experienced a decline.

Mobile Phone Imports in the Philippines

For the third year in a row, the Philippines recorded decline in overseas purchases of mobile phones, which decreased by -8.4% to 3.6M units in 2022. Over the period under review, imports faced a significant decline. Over the period under review, imports hit record highs at 12M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, mobile phone imports reduced to $999M in 2022. Overall, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 5.1% against the previous year. Over the period under review, imports reached the peak figure at $1.3B in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Mobile Phone in the Philippines (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	280	178	309	357	8.4%
China	603	562	547	303	-20.5%
Vietnam	138	70.4	116	237	19.8%
Indonesia	0.3	29.8	18.3	54.3	465.7%
Hong Kong SAR	253	111	26.0	20.6	-56.7%
India	0.6	12.9	19.6	19.6	219.7%
United States	39.5	136	125	4.9	-50.1%
Others	19.7	7.2	3.9	2.4	-50.4%
Total	1,334	1,108	1,164	999	-9.2%

Top Suppliers of Mobile Phone to the Philippines in 2022:

China (1414.1K units)
Vietnam (937.2K units)
Singapore (491.0K units)
Hong Kong SAR (360.7K units)
Indonesia (243.1K units)
India (123.0K units)
United States (7.5K units)

Mobile Phone Exports in the Philippines

Mobile phone exports from the Philippines soared to 41K units in 2022, picking up by 84% on 2021 figures. In general, exports, however, showed a sharp setback. The pace of growth appeared the most rapid in 2021 with an increase of 322% against the previous year. Over the period under review, the exports reached the maximum at 1.5M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, mobile phone exports surged to $2.5M in 2022. Overall, exports, however, recorded a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 133% against the previous year. Over the period under review, the exports hit record highs at $295M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Mobile Phone in the Philippines (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	70.7	0.3	0.1	1.6	-71.7%
Guam	N/A	N/A	N/A	0.6	0%
Hong Kong SAR	188	0.4	1.2	0.3	-88.3%
China	3.5	N/A	0.2	N/A	-76.1%
United Kingdom	9.1	N/A	N/A	N/A	0%
Others	23.7	0.1	0.2	0.1	-83.8%
Total	295	0.8	1.8	2.5	-79.6%

Top Export Markets for Mobile Phone from the Philippines in 2022:

China (undefinedK units)
Guam (22.1K units)
United States (12.9K units)
Hong Kong SAR (5.7K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the mobile phone 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 26302200 - Telephones for cellular networks or for other wireless networks

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