Philippines: Market for Graphic Paper with Mechanical Fibre Content Under 10% and of Weight 40-150 g/m2 in Sheets 2024

Market Size for Graphic Paper with Mechanical Fibre Content Under 10% and of Weight 40-150 g/m2 in Sheets in the Philippines

After three years of growth, the Philippine market for graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 in sheets decreased by X% to $X in 2022. Over the period under review, consumption, however, saw strong growth. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank remarkably in the following year.

Exports of Graphic Paper with Mechanical Fibre Content Under 10% and of Weight 40-150 g/m2 in Sheets

Exports from the Philippines

In 2022, exports of graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 in sheets from the Philippines surged to X tons, increasing by X% on 2021 figures. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 in sheets surged to $X in 2022. Over the period under review, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for exports of graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 in sheets from the Philippines, with a X% share of total exports. Moreover, exports of graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 in sheets to Singapore exceeded the volume sent to the second major destination, the United States (X tons), eightfold.

From 2014 to 2022, the average annual growth rate of volume to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Hong Kong SAR (X% per year).

In value terms, Singapore ($X) emerged as the key foreign market for graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 in sheets exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with an X% share of total exports.

From 2014 to 2022, the average annual growth rate of value to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the average export price for graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 in sheets amounted to $X per ton, surging by X% against the previous year. In general, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

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Imports of Graphic Paper with Mechanical Fibre Content Under 10% and of Weight 40-150 g/m2 in Sheets

Imports into the Philippines

In 2022, purchases abroad of graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 in sheets decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports of attained the peak figure at X tons in 2021, and then dropped sharply in the following year.

In value terms, imports of graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 in sheets contracted significantly to $X in 2022. In general, imports, however, recorded prominent growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at $X in 2021, and then declined dramatically in the following year.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 in sheets supplier to the Philippines, accounting for a X% share of total imports. Moreover, imports of graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 in sheets from Indonesia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sevenfold. The third position in this ranking was taken by Singapore (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Singapore (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 in sheets to the Philippines, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Singapore, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the average import price for graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 in sheets amounted to $X per ton, picking up by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per ton) and Thailand ($X per ton), while the price for Singapore ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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