Philippines: Photographic Film Market 2024

Photographic Film Market Size in the Philippines

The Philippine photographic film market dropped to $X in 2022, waning by X% 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). In general, consumption, however, showed a relatively flat trend pattern. Photographic film consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Photographic Film Exports

Exports from the Philippines

In 2022, photographic film exports from the Philippines reduced markedly to X square meters, dropping by X% compared with 2021 figures. Overall, exports, however, saw strong growth. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at X square meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, photographic film exports declined remarkably to $X in 2022. In general, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Papua New Guinea (X square meters) was the main destination for photographic film exports from the Philippines, accounting for a X% share of total exports. Moreover, photographic film exports to Papua New Guinea exceeded the volume sent to the second major destination, Japan (X square meters), more than tenfold. The third position in this ranking was taken by South Korea (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Papua New Guinea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and South Korea (X% per year).

In value terms, Papua New Guinea ($X) emerged as the key foreign market for photographic plates and film, photographic paper, paperboard and textiles and instant print film, sensitized, unexposed exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Northern Mariana Islands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Papua New Guinea totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Northern Mariana Islands (X% per year).

Export Prices by Country

In 2022, the average photographic film export price amounted to $X per square meter, growing by X% against the previous year. Overall, the export price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price attained the peak level of $X per square meter. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Northern Mariana Islands ($X per square meter), while the average price for exports to Papua New Guinea ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Photographic Film Imports

Imports into the Philippines

In 2022, the amount of photographic plates and film, photographic paper, paperboard and textiles and instant print film, sensitized, unexposed imported into the Philippines rose remarkably to X square meters, surging by X% against the previous year. In general, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of X square meters. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, photographic film imports contracted to $X in 2022. Over the period under review, imports, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest photographic film supplier to the Philippines, with a X% share of total imports. Moreover, photographic film imports from China exceeded the figures recorded by the second-largest supplier, Japan (X square meters), ninefold. The third position in this ranking was taken by the Netherlands (X square meters), with a X% share.

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

In value terms, Japan ($X), China ($X) and the Netherlands ($X) appeared to be the largest photographic film suppliers to the Philippines, with a combined X% share of total imports.

Among the main suppliers, Japan, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average photographic film import price amounted to $X per square meter, dropping by X% against the previous year. In general, the import price showed a noticeable setback. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per square meter in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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