Philippines - Spools, Cops And Similar Supports Of Plastics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Support Price in the Philippines - 2023
Contents:
- Plastic Support Price in the Philippines (CIF) - 2023
- Plastic Support Price in the Philippines (FOB) - 2022
- Plastic Support Imports in the Philippines
- Plastic Support Exports in the Philippines
Plastic Support Price in the Philippines (CIF) - 2023
In July 2023, the average plastic support import price amounted to $3,867 per ton, growing by 7.4% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 30% month-to-month. The import price peaked at $5,006 per ton in October 2022; however, from November 2022 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($10,185 per ton), while the price for Taiwan (Chinese) ($2,149 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Plastic Support Price in the Philippines (FOB) - 2022
In 2022, the average plastic support export price amounted to $7,046 per ton, standing approx. at the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic support export price decreased by -29.1% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 28% against the previous year. The export price peaked at $9,939 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($9,208 per ton), while the average price for exports to Australia ($3,916 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 Egypt (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Support Imports in the Philippines
In 2022, approx. 12K tons of spools, cops and similar supports of plastics were imported into the Philippines; growing by 12% compared with the previous year. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, plastic support imports amounted to $56M in 2022. Overall, imports, however, saw a noticeable contraction.
| Import of Plastic Support in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.8 | 12.8 | 12.1 | 16.1 | 5.3% |
| Thailand | 12.8 | 10.4 | 13.4 | 13.5 | 1.8% |
| Japan | 13.4 | 8.1 | 8.5 | 9.0 | -12.4% |
| United States | 1.8 | 2.1 | 4.2 | 5.5 | 45.1% |
| Malaysia | 1.6 | 2.2 | 1.6 | 1.9 | 5.9% |
| Taiwan (Chinese) | 3.0 | 2.9 | 2.0 | 1.7 | -17.2% |
| Vietnam | 2.5 | 1.7 | 2.1 | 1.1 | -23.9% |
| Singapore | 1.6 | 0.9 | 0.9 | 0.8 | -20.6% |
| South Korea | 2.2 | 0.9 | 0.6 | 0.6 | -35.2% |
| India | 1.3 | 0.5 | 0.8 | 0.5 | -27.3% |
| Others | 6.0 | 4.2 | 3.6 | 5.1 | -5.3% |
| Total | 59.9 | 46.7 | 49.8 | 55.8 | -2.3% |
Top Suppliers of Plastic Support to the Philippines in 2022:
- China (5.2K tons)
- Thailand (3.3K tons)
- Taiwan (Chinese) (0.6K tons)
- Japan (0.6K tons)
- Malaysia (0.4K tons)
- Vietnam (0.3K tons)
- India (0.2K tons)
- United States (0.2K tons)
- South Korea (0.2K tons)
- Singapore (0.1K tons)
Plastic Support Exports in the Philippines
In 2022, plastic support exports from the Philippines dropped slightly to 2.3K tons, falling by -1.8% against the previous year. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 30%. As a result, the exports attained the peak of 2.3K tons, and then reduced in the following year.
In value terms, plastic support exports declined modestly to $16M in 2022. Over the period under review, exports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year.
| Export of Plastic Support in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 11.5 | 8.3 | 10.4 | 8.4 | -9.9% |
| Taiwan (Chinese) | 1.7 | 1.5 | 1.4 | 2.4 | 12.2% |
| Malaysia | 1.5 | 0.8 | 1.4 | 1.7 | 4.3% |
| Indonesia | 0.2 | 0.3 | 0.3 | 0.7 | 51.8% |
| Egypt | 0.1 | 0.1 | 0.1 | 0.5 | 71.0% |
| China | 0.4 | 0.7 | 0.4 | 0.5 | 7.7% |
| Japan | 1.0 | 0.9 | 0.8 | 0.5 | -20.6% |
| Australia | 0.5 | 0.2 | 0.5 | 0.4 | -7.2% |
| Singapore | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| New Zealand | 0.3 | 0.1 | 0.1 | N/A | -42.3% |
| Others | 0.7 | 0.6 | 0.7 | 0.7 | 0.0% |
| Total | 18.1 | 13.7 | 16.2 | 15.9 | -4.2% |
Top Export Markets for Plastic Support from the Philippines in 2022:
- Thailand (1051.4 tons)
- Malaysia (363.5 tons)
- Taiwan (Chinese) (255.3 tons)
- Indonesia (109.5 tons)
- Australia (107.8 tons)
- China (98.1 tons)
- Egypt (60.5 tons)
- Japan (56.9 tons)
- Singapore (41.4 tons)
This report provides an in-depth analysis of the plastic support 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 22221910 - Spools, cops, bobbins and similar supports, of plastics
- Prodcom 22221920 - Plastic caps and capsules for bottles
- Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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