Philippines: Hardboard Market Overview 2020

Hardboard Market Size in the Philippines

The revenue of the hardboard market in the Philippines amounted to $X in 2018, jumping by X% against the previous year. Overall, hardboard consumption continues to indicate a drastic shrinkage. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, the hardboard market attained its peak figure level at $X in 2011; however, from 2012 to 2018, consumption remained at a lower figure.

Hardboard Production in the Philippines

In value terms, hardboard production amounted to $X in 2018 estimated in export prices. Overall, hardboard production continues to indicate a moderate curtailment. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Hardboard production peaked at $X in 2009; however, from 2010 to 2018, production remained at a lower figure.

Hardboard Exports

Exports from the Philippines

In 2018, the hardboard exports from the Philippines amounted to X cubic meters, lowering by -X% against the previous year. Overall, hardboard exports continue to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. In that year, hardboard exports attained their peak of X cubic meters. From 2012 to 2018, the growth of hardboard exports remained at a lower figure.

In value terms, hardboard exports totaled $X in 2018. In general, hardboard exports continue to indicate a sharp descent. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. In that year, hardboard exports attained their peak of $X. From 2012 to 2018, the growth of hardboard exports remained at a somewhat lower figure.

Exports by Country

Singapore (X cubic meters) was the main destination for hardboard exports from the Philippines, accounting for a approx. X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of volume to Singapore was relatively modest.

From 2007 to 2018, the average annual growth rate of value to Singapore was relatively modest.

Export Prices by Country

In 2018, the average hardboard export price amounted to $X per cubic meter, dropping by -X% against the previous year. Overall, the hardboard export price continues to indicate a sharp reduction. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for hardboard attained their peak figure at $X per cubic meter in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2007 to 2018, the rate of growth in terms of prices for Singapore amounted to X% per year.

Hardboard Imports

Imports into the Philippines

In 2018, approx. X cubic meters of hardboard were imported into the Philippines; coming down by -X% against the previous year. In general, hardboard imports continue to indicate a drastic slump. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Imports peaked at X cubic meters in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

In value terms, hardboard imports stood at $X in 2018. Over the period under review, hardboard imports continue to indicate an abrupt reduction. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. In that year, hardboard imports reached their peak of $X. From 2009 to 2018, the growth of hardboard imports failed to regain its momentum.

Imports by Country

In 2018, Malaysia (X cubic meters) constituted the largest supplier of hardboard to the Philippines, accounting for a X% share of total imports. Moreover, hardboard imports from Malaysia exceeded the figures recorded by the second-largest supplier, Thailand (X cubic meters), more than tenfold. The third position in this ranking was occupied by Spain (X cubic meters), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Malaysia amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and Spain (+X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of hardboard to the Philippines, comprising X% of total hardboard imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Malaysia stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and Spain (-X% per year).

Import Prices by Country

The average hardboard import price stood at $X per cubic meter in 2018, stabilizing at the previous year. In general, the hardboard import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X% year-to-year. In that year, the average import prices for hardboard reached their peak level of $X per cubic meter. From 2017 to 2018, the growth in terms of the average import prices for hardboard remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Spain ($X per cubic meter), while the price for South Korea ($X per cubic meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform