Overview of the Market for Ballast For Discharge Lamp in the Philippines
In value terms, ballast for discharge lamp production contracted to $ in 2018 estimated in export prices. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 when the production volume increased by % y-o-y. Ballast for discharge lamp production peaked at $ in 2012; however, from 2013 to 2018, production remained at a lower figure.
The value of the ballast for discharge lamp market in the Philippines declined to $ in 2018, dropping by -% 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). Overall, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the market value increased by % against the previous year. Over the period under review, the market attained the peak level at $ in 2012; however, from 2013 to 2018, consumption failed to regain the momentum.