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Growth fuelled by Consumer Electronics and Telecommunications in the Philippines

GfK TEMAX® results for the Philippines, Q4 2017

Manila, February 5, 2018 – The Philippine technical consumer goods (TCG) market registered 32.1% growth in the fourth quarter of 2017, compared to the same quarter of the previous year.  Sales value rose to PHP 71.501 billion in Q4 of this year from PHP 54.108 billion in the same quarter of the previous year.

Growth was observed across all products categories with Telecommunication and Information Technology leading the expansion with a gain of 40.9% and 39.5% respectively.  Among the product categories, it is only Office Equip-ment and Consumables which reflected a drop of 20.5%.  

The pdf press release has been replaced by the Category Insights chart below.

Benny Villanueva

Summary

Philippines Q4 2017
Q1 2017 M. PHP Q2 2017 M. PHP Q3 2017 M. PHP Q4 2017 M. PHP Q4 2017 / Q4 2016 / +/- % Q1-Q4 2017 M. PHP Q1-Q4 2017 / Q1-Q4 2016 +/- %
Consumer Electronics (CE) 7,483 8,499 8,704 11,311 20.9% 35,996 20.4%
Photo (PH) 634 638 689 850 14.9% 2,812 17.2%
Major Domestic Appliances (MDA) 6,031 6,626 6,727 7,939 12.4% 27,324 9.3%
Information Technology (IT) 6,367 6,768 8,120 9,115 39.5% 30,370 12.9%
Telecommunication (TC) 28,278 31,415 32,796 41,571 40.9% 134,059 19.4%
Office Equipment & Consumables (OE) 800 694 712 715 -20.5% 2,922 -19.9%
GfK TEMAX® Western Europe 49,593 54,640 57,748 71,501 32.1% 233,483 16.7%

Economic data 2016

Philippines
  • 6.8
    GDP growth in %
  • 2,924
    GDP per capita in USD
  • 5.9
    Unemployment rate in %
  • 1.8
    Inflation rate, avg. consumer prices in %
  • 23,459,200
    Number of households
  • N/A
    Purchasing power per household in EUR
Data for GDP, unemployment and inflation rate by World Bank, IMF, ILO, National statistics portals; Data for number of households and purchasing power by GfK GeoMarketing
General