Philippines: Other Papers Packaging Market 2024

Other Papers Packaging Market Size in the Philippines

The Philippine other papers packaging market was estimated at $X in 2022, increasing by 2.6% against the previous year. In general, consumption, however, showed a tangible expansion. Other papers packaging consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Other Papers Packaging Production in the Philippines

In value terms, other papers packaging production expanded rapidly to $X in 2022 estimated in export price. Overall, production saw strong growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 505% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Other Papers Packaging Exports

Exports from the Philippines

In 2022, exports of other papers packaging from the Philippines dropped significantly to X tons, with a decrease of -91.9% against the previous year. In general, exports recorded a dramatic decline. The pace of growth was the most pronounced in 2018 with an increase of 481%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, other papers packaging exports contracted rapidly to $X in 2022. Overall, exports showed a dramatic slump. The pace of growth appeared the most rapid in 2018 when exports increased by 582% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for other papers packaging exports from the Philippines, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Malaysia totaled -24.3%.

In value terms, Malaysia ($X) emerged as the key foreign market for other papers packaging exports from the Philippines.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia totaled -23.5%.

Export Prices by Country

The average other papers packaging export price stood at $X per ton in 2022, waning by -64.4% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 79% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +7.8% per year.

Other Papers Packaging Imports

Imports into the Philippines

In 2022, the amount of other papers packaging imported into the Philippines shrank sharply to X tons, which is down by -25.4% on the previous year's figure. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 55%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, other papers packaging imports amounted to $X in 2022. Overall, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 68%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main suppliers of other papers packaging imports to the Philippines, with a combined 80% share of total imports. Indonesia, Finland, Japan, Thailand and Germany lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +47.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest other papers packaging suppliers to the Philippines were Malaysia ($X), Taiwan (Chinese) ($X) and China ($X), together comprising 80% of total imports. Indonesia, Finland, Japan, Thailand and Germany lagged somewhat behind, together comprising a further 15%.

Thailand, with a CAGR of +17.2%, saw the highest rates of growth with regard to the value of imports, among 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 other papers packaging import price stood at $X per ton in 2022, surging by 35% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, other papers packaging import price increased by +63.8% against 2020 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 Indonesia ($X per ton) and China ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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