Report Update Apr 1, 2024

Philippines - MDF - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Mdf Market 2024

Mdf Market Size in the Philippines

In 2021, the Philippine MDF market increased by 14% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, recorded a pronounced shrinkage. Consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Mdf Exports

Exports from the Philippines

MDF exports from the Philippines surged to X cubic meters in 2021, jumping by 189% on the year before. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 306%. The exports peaked at X cubic meters in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, MDF exports soared to $X in 2021. Overall, exports saw a significant increase. The growth pace was the most rapid in 2019 when exports increased by 128%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X cubic meters), China (X cubic meters) and Japan (X cubic meters) were the main destinations of MDF exports from the Philippines, with a combined 99.9% share of total exports.

From 2017 to 2021, the biggest increases were recorded for China (with a CAGR of +471.3%), while shipments for the other leaders experienced a decline.

In value terms, China ($X) emerged as the key foreign market for MDF exports from the Philippines, comprising 67% of total exports. The second position in the ranking was held by the United States ($X), with a 33% share of total exports.

From 2017 to 2021, the average annual rate of growth in terms of value to China totaled +545.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-10.4% per year) and Japan (-67.8% per year).

Export Prices by Country

In 2021, the average MDF export price amounted to $X per cubic meter, dropping by -49.3% against the previous year. Overall, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2020 an increase of 97% against the previous year. As a result, the export price reached the peak level of $X per cubic meter, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to the United States ($X per cubic meter) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+13.0%), while the prices for the other major destinations experienced a decline.

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Mdf Imports

Imports into the Philippines

In 2021, the amount of MDF imported into the Philippines skyrocketed to X cubic meters, growing by 31% against 2020. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the maximum at X cubic meters in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, MDF imports soared to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2017 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia (X cubic meters), New Zealand (X cubic meters) and China (X cubic meters) were the main suppliers of MDF imports to the Philippines, with a combined 78% share of total imports.

From 2017 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +21.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), New Zealand ($X) and Malaysia ($X) appeared to be the largest MDF suppliers to the Philippines, together comprising 80% of total imports.

China, with a CAGR of +15.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average MDF import price stood at $X per cubic meter in 2021, leveling off at the previous year. Over the last four years, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2018 when the average import price increased by 6% against the previous year. The import price peaked at $X per cubic meter in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for Thailand ($X per cubic meter) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mdf in the world?

China constituted the country with the largest volume of MDF consumption, comprising approx. 51% of total volume. Moreover, MDF consumption in China exceeded the figures recorded by the second-largest consumer, Brazil, tenfold. The third position in this ranking was taken by the United States, with a 4.4% share.

What are the largest producers of mdf in the world?

China constituted the country with the largest volume of MDF production, accounting for 54% of total volume. Moreover, MDF production in China exceeded the figures recorded by the second-largest producer, Brazil, tenfold. Turkey ranked third in terms of total production with a 4.3% share.

What are the leading suppliers of mdf to the Philippines?

In value terms, China, New Zealand and Malaysia appeared to be the largest MDF suppliers to the Philippines, together comprising 80% of total imports.

What are the leading importers of mdf from the Philippines?

In value terms, China emerged as the key foreign market for MDF exports from the Philippines, comprising 67% of total exports. The second position in the ranking was held by the United States, with a 33% share of total exports.

What is the average export price for mdf in the Philippines?

In 2021, the average MDF export price amounted to $2,831 per cubic meter, dropping by -49.3% against the previous year.

What is the average import price for mdf in the Philippines?

In 2021, the average MDF import price amounted to $521 per cubic meter, remaining stable against the previous year.

This report provides an in-depth analysis of the mdf market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1648 - MDF/HDF

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023