Philippines - Wood Boxes, Crates and Cable Drums - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Wood Box and Cable Drum in the Philippines - 2023
Contents:
- Price for Wood Box and Cable Drum in the Philippines (CIF) - 2022
- Price for Wood Box and Cable Drum in the Philippines (FOB) - 2022
- Imports of Wood Box and Cable Drum in the Philippines
- Exports of Wood Box and Cable Drum in the Philippines
Price for Wood Box and Cable Drum in the Philippines (CIF) - 2022
The average import price for wood boxes, crates and cable drums stood at $19 per unit in 2022, dropping by -9.2% against the previous year. Over the period under review, the import price saw a noticeable slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 55% against the previous year. Over the period under review, average import prices hit record highs at $27 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($266 per unit), while the price for Japan ($9.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wood Box and Cable Drum in the Philippines (FOB) - 2022
The average export price for wood boxes, crates and cable drums stood at $7.6 per unit in 2022, jumping by 85% against the previous year. Overall, the export price recorded strong growth. The most prominent rate of growth was recorded in 2013 an increase of 222% against the previous year. The export price peaked at $16 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($83 per unit), while the average price for exports to Mexico ($1.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.6%), while the prices for the other major destinations experienced a decline.
Imports of Wood Box and Cable Drum in the Philippines
In 2022, approx. 63K units of wood boxes, crates and cable drums were imported into the Philippines; declining by -15.7% against the previous year. Over the period under review, imports faced a significant decline. The smallest decline of -5.8% was in 2020. Imports peaked at 157K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, wood box and cable drum imports reduced markedly to $1.2M in 2022. In general, imports recorded a precipitous decline. The pace of growth was the most pronounced in 2020 when imports increased by 1.2% against the previous year. As a result, imports attained the peak of $3.1M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Wood Box and Cable Drum in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,463 | 1,591 | 274 | 452 | -32.4% |
| Thailand | 67.3 | 47.0 | 69.0 | 340 | 71.6% |
| Malaysia | 26.1 | 22.9 | 164 | 105 | 59.0% |
| China | 235 | 441 | 310 | 62.0 | -35.9% |
| New Zealand | N/A | 53.3 | 48.0 | 61.0 | 7.0% |
| Austria | 34.6 | 44.5 | 89.8 | 45.8 | 9.8% |
| United States | 21.5 | 23.7 | 497 | 17.9 | -5.9% |
| Poland | 185 | 34.1 | 27.0 | 4.1 | -71.9% |
| Taiwan (Chinese) | 74.4 | 2.5 | 3.9 | 3.3 | -64.6% |
| Hong Kong SAR | 388 | 152 | 0.7 | 0.3 | -90.8% |
| Sweden | 427 | 547 | N/A | N/A | 28.1% |
| Others | 162 | 161 | 98.8 | 119 | -9.8% |
| Total | 3,084 | 3,120 | 1,582 | 1,211 | -26.8% |
Top Suppliers of Wood Box and Cable Drum to the Philippines in 2022:
- Hong Kong SAR (undefinedK units)
- Japan (49.2K units)
- Malaysia (2.6K units)
- China (2.2K units)
- New Zealand (2.2K units)
- Austria (1.6K units)
- Thailand (1.3K units)
- United States (0.8K units)
- Taiwan (Chinese) (0.3K units)
- Poland (0.2K units)
Exports of Wood Box and Cable Drum in the Philippines
In 2022, the amount of wood boxes, crates and cable drums exported from the Philippines shrank markedly to 24K units, which is down by -81.9% against 2021. Over the period under review, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 3,594% against the previous year. Over the period under review, the exports hit record highs at 366K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, wood box and cable drum exports reduced sharply to $184K in 2022. In general, exports showed a dramatic descent. The growth pace was the most rapid in 2021 with an increase of 1,827% against the previous year. Over the period under review, the exports attained the maximum at $3.4M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Wood Box and Cable Drum in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 48.6 | 8.9 | 410 | 86.8 | 21.3% |
| Switzerland | 0.1 | 7.0 | N/A | 81.8 | 835.2% |
| Mexico | 0.1 | N/A | N/A | 3.0 | 210.7% |
| Thailand | 3,136 | N/A | 136 | N/A | -79.2% |
| Indonesia | 145 | N/A | N/A | N/A | 0% |
| Others | 108 | 12.6 | 3.6 | 12.7 | -51.0% |
| Total | 3,439 | 28.5 | 550 | 184 | -62.3% |
Top Export Markets for Wood Box and Cable Drum from the Philippines in 2022:
- Japan (20.8K units)
- Mexico (1.7K units)
- Switzerland (1.0K units)
This report provides an in-depth analysis of the market for wood box and cable drum 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 16241320 - Cases, boxes, crates, drums and similar packings of wood (excluding cable drums)
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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