Philippines: Photographic Paper Market 2024

Photographic Paper Market Size in the Philippines

The Philippine photographic paper market contracted remarkably to $X in 2021, waning by -22.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a deep contraction. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Photographic Paper Exports

Exports from the Philippines

In 2021, approx. X square meters of photographic paper, paperboard and textiles were exported from the Philippines; rising by 1,599% against 2020 figures. Over the period under review, exports saw resilient growth. The exports peaked at X square meters in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, photographic paper exports soared to $X in 2021. Overall, exports posted prominent growth. The pace of growth was the most pronounced in 2014 when exports increased by 1,792% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X square meters) was the main destination for photographic paper exports from the Philippines, with a 93% share of total exports. Moreover, photographic paper exports to the United Arab Emirates exceeded the volume sent to the second major destination, Indonesia (X square meters), more than tenfold. Hong Kong SAR (X square meters) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +267.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+66.5% per year) and Hong Kong SAR (-25.9% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for photographic paper, paperboard and textiles exports from the Philippines, comprising 87% of total exports. The second position in the ranking was held by Indonesia ($X), with an 8% share of total exports. It was followed by Hong Kong SAR, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at +105.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+63.4% per year) and Hong Kong SAR (-22.8% per year).

Export Prices by Country

In 2021, the average photographic paper export price amounted to $X per square meter, with a decrease of -34.6% against the previous year. Overall, the export price recorded a noticeable downturn. The pace of growth was the most pronounced in 2015 when the average export price increased by 227% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per square meter), while the average price for exports to the United Arab Emirates ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Photographic Paper Imports

Imports into the Philippines

In 2021, supplies from abroad of photographic paper, paperboard and textiles decreased by -19.1% to X square meters, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a deep setback. The pace of growth appeared the most rapid in 2019 with an increase of 70%. As a result, imports reached the peak of X square meters. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, photographic paper imports dropped to $X in 2021. Overall, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of 24% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X square meters) constituted the largest photographic paper supplier to the Philippines, with a 47% share of total imports. Moreover, photographic paper imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X square meters), fourfold. The third position in this ranking was taken by the United States (X square meters), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-2.4% per year) and the United States (-16.1% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of photographic paper, paperboard and textiles to the Philippines, comprising 32% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Japan, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.8% per year) and Japan (-21.2% per year).

Import Prices by Country

The average photographic paper import price stood at $X per square meter in 2021, surging by 5.2% against the previous year. Overall, the import price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 17%. The import price peaked at $X per square meter in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :