Report Update: May 1, 2024

Philippines - Plastics Household Articles And Toilet Articles - Market Analysis, Forecast, Size, Trends and Insights

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Plastic Household Ware Price in the Philippines - 2023

Plastic Household Ware Price in the Philippines (FOB) - 2022

The average plastic household ware export price stood at $3,328 per ton in 2022, with a decrease of -13.7% against the previous year. Overall, the export price, however, continues to indicate pronounced growth. The growth pace was the most rapid in 2018 when the average export price increased by 68% against the previous year. The export price peaked at $5,280 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($7,310 per ton), while the average price for exports to Japan ($2,445 per ton) was 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 (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Ware Price in the Philippines (CIF) - 2023

In June 2023, the average plastic household ware import price amounted to $1,196 per ton, declining by -20% against the previous month. Over the period under review, the import price recorded a noticeable curtailment. The most prominent rate of growth was recorded in February 2023 an increase of 44% m-o-m. Over the period under review, average import prices hit record highs at $1,833 per ton in April 2023; however, from May 2023 to June 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($2,137 per ton), while the price for Taiwan (Chinese) ($1,002 per ton) was amongst the lowest.

From July 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Plastic Household Ware Exports in the Philippines

In 2022, the amount of plastics household articles and toilet articles exported from the Philippines reduced modestly to 44K tons, shrinking by -5% compared with 2021. In general, exports recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 23% against the previous year.

In value terms, plastic household ware exports fell significantly to $146M in 2022. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 26%.

Export of Plastic Household Ware in the Philippines (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	172	77.6	81.5	72.9	-24.9%
United States	86.1	48.6	68.4	54.7	-14.0%
Canada	0.9	2.6	7.0	5.3	80.6%
Australia	2.1	3.9	5.4	5.1	34.4%
Others	6.1	9.1	15.9	8.1	9.9%
Total	267	142	178	146	-18.2%

Top Export Markets for Plastic Household Ware from the Philippines in 2022:

Japan (29.8K tons)
United States (10.4K tons)
Australia (1.1K tons)
Canada (0.7K tons)

Plastic Household Ware Imports in the Philippines

In 2022, plastic household ware imports into the Philippines expanded notably to 83K tons, growing by 13% compared with 2021 figures. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, plastic household ware imports reduced to $135M in 2022. Over the period under review, imports, however, continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2021 when imports increased by 11%.

Import of Plastic Household Ware in the Philippines (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	60.4	48.3	68.6	73.8	6.9%
Thailand	42.9	44.8	45.5	36.6	-5.2%
United States	4.8	2.2	2.1	3.7	-8.3%
Taiwan (Chinese)	2.8	1.7	1.6	1.9	-12.1%
Japan	5.5	1.9	1.8	1.8	-31.1%
United Arab Emirates	17.2	21.3	12.3	0.1	-82.0%
Others	15.7	9.6	12.2	16.6	1.9%
Total	149	130	144	135	-3.2%

Top Suppliers of Plastic Household Ware to the Philippines in 2022:

China (74.4K tons)
Taiwan (Chinese) (2.0K tons)
Thailand (1.4K tons)
United States (1.2K tons)
Japan (1.1K tons)
United Arab Emirates (0.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plastic household ware 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 22292320 - Tableware and kitchenware of plastic
Prodcom 22292350 -
Prodcom 22292390 -

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