Philippines: Ceramic Household Article Market 2024

Ceramic Household Article Market Size in the Philippines

In 2022, the Philippine ceramic household article market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, recorded a deep setback. Ceramic household article consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Ceramic Household Article Exports

Exports from the Philippines

In 2022, after three years of growth, there was significant decline in overseas shipments of ceramic household articles and toilet articles, when their volume decreased by X% to X tons. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, ceramic household article exports dropped rapidly to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for ceramic household article exports from the Philippines, with a X% share of total exports. Moreover, ceramic household article exports to Japan exceeded the volume sent to the second major destination, Ireland (X tons), more than tenfold. The third position in this ranking was taken by Singapore (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and Singapore (X% per year).

In value terms, Japan ($X) remains the key foreign market for ceramic household articles and toilet articles exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Ireland ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average ceramic household article export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ceramic household article export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Singapore ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Ireland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Ceramic Household Article Imports

Imports into the Philippines

In 2022, supplies from abroad of ceramic household articles and toilet articles increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, ceramic household article imports rose rapidly to $X in 2022. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest ceramic household article supplier to the Philippines, with a X% share of total imports. Moreover, ceramic household article imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of ceramic household articles and toilet articles to the Philippines, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%.

Import Prices by Country

In 2022, the average ceramic household article import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price, however, saw significant growth. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then reduced in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

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