Safes And Strongboxes Market Overview in the Philippines
The size of the safes and strongboxes market in the Philippines dropped to $ in , with a decrease of -% 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). Over the period under review, consumption, however, showed resilient growth. The growth pace was the most rapid in 2013 with an increase of % year-to-year. Safes and strongboxes consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.