Philippines: Paper Tablecloths Market 2024

Paper Tablecloths Market Size in the Philippines

The Philippine paper tablecloths market declined to $X in 2022, dropping by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Paper Tablecloths Production in the Philippines

In value terms, paper tablecloths production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X%. Paper tablecloths production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Paper Tablecloths Exports

Exports from the Philippines

For the fifth consecutive year, the Philippines recorded growth in overseas shipments of paper tablecloths and serviettes, which increased by X% to X tons in 2022. In general, exports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, paper tablecloths exports surged to $X in 2022. Overall, exports, however, recorded a slight slump. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports 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 paper tablecloths exports from the Philippines, with a X% share of total exports. Moreover, paper tablecloths exports to Singapore exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was taken by Kuwait (X kg), with an 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: the United States (X% per year) and Kuwait (X% per year).

In value terms, Singapore ($X) remains the key foreign market for paper tablecloths and serviettes exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Kuwait, with an 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: the United States (X% per year) and Kuwait (X% per year).

Export Prices by Country

The average paper tablecloths export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hong Kong SAR ($X per ton) and Singapore ($X per ton), while the average price for exports to Australia ($X per ton) and Kuwait ($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 Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Tablecloths Imports

Imports into the Philippines

In 2022, after two years of decline, there was significant growth in purchases abroad of paper tablecloths and serviettes, when their volume increased by X% to X tons. Over the period under review, imports, however, showed a deep downturn. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, paper tablecloths imports surged to $X in 2022. In general, imports posted slight growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of paper tablecloths to the Philippines, accounting for a X% share of total imports. Moreover, paper tablecloths imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fivefold. The third position in this ranking was held by Italy (X tons), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of paper tablecloths and serviettes to the Philippines, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with an X% share of total imports. It was followed by Italy, with a X% share.

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

Import Prices by Country

In 2022, the average paper tablecloths import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price recorded a buoyant increase. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and Vietnam ($X per ton), while the price for China ($X per ton) and the United States ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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