Philippines: Envelope Market 2024

Envelope Market Size in the Philippines

The Philippine envelope market shrank modestly to $X in 2023, which is down by X% against the previous year. Overall, consumption recorded a noticeable downturn. Envelope consumption peaked at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Envelope Production in the Philippines

In value terms, envelope production contracted slightly to $X in 2023 estimated in export price. Overall, production showed a perceptible decrease. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Envelope production peaked at $X in 2015; however, from 2016 to 2023, production stood at a somewhat lower figure.

Envelope Exports

Exports from the Philippines

In 2023, approx. X tons of envelopes were exported from the Philippines; waning by X% against the previous year's figure. Over the period under review, exports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, envelope exports contracted dramatically to $X in 2023. Overall, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

Samoa (X tons), Thailand (X tons) and Japan (X tons) were the main destinations of envelope exports from the Philippines, together accounting for X% of total exports. Vietnam, China, South Korea, the United States and Australia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X.0%), while the other leaders experienced more modest paces of growth.

In value terms, Samoa ($X), Thailand ($X) and Japan ($X) appeared to be the largest markets for envelope exported from the Philippines worldwide, with a combined X% share of total exports. Vietnam, China, South Korea, the United States and Australia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Vietnam, with a CAGR of X.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average envelope export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the countries with the highest prices were Australia ($X per ton) and the United States ($X per ton), while the average price for exports to South Korea ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Envelope Imports

Imports into the Philippines

In 2023, approx. X tons of envelopes were imported into the Philippines; surging by X% compared with the previous year's figure. Overall, imports saw a resilient increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked in 2023 and are likely to see gradual growth in years to come.

In value terms, envelope imports skyrocketed to $X in 2023. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of envelope to the Philippines, accounting for a X% share of total imports. Moreover, envelope imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. Singapore (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Singapore (X% per year).

In value terms, China ($X) constituted the largest supplier of envelopes to the Philippines, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2023, the average envelope import price amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, envelope import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Japan ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Hong Kong SAR ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform