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

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

In 2022, after three years of growth, there was significant decline in the Philippine market for graphic paper with mechanical fibre content under X% and of weight X-150 g/m2, when its value decreased by X% to $X. In general, consumption, however, recorded a resilient expansion. Over the period under review, the market hit record highs at $X in 2021, and then shrank significantly in the following year.

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

Exports from the Philippines

In 2022, shipments abroad of graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 decreased by X% to X tons, falling for the fourth year in a row after four years of growth. Overall, exports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 reduced sharply to $X in 2022. In general, exports showed a sharp slump. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 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 from the Philippines, accounting for a X% share of total exports. Moreover, exports of graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 to Singapore exceeded the volume sent to the second major destination, Guam (X tons), twofold. The United States (X tons) ranked third in terms of total exports with a X% share.

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

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

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

Export Prices by Country

The average export price for graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, export price indicated a measured 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, export price for graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 increased by X% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Guam ($X per ton) and Singapore ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) and Hong Kong SAR ($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 Nigeria (X%), while the prices for the other major destinations experienced a decline.

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

Imports into the Philippines

After three years of growth, supplies from abroad of graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 decreased by X% to X tons in 2022. Over the period under review, imports, however, posted tangible growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, imports of graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 shrank to $X in 2022. In general, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 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 from Indonesia exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. Singapore (X tons) ranked third in terms of total imports with a X% share.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (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 amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated a measured 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, import price for graphic paper with mechanical fibre content under X% and of weight X-150 g/m2 increased by X% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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