Philippines: Recovered Fibre Pulp Market 2024

Recovered Fibre Pulp Market Size in the Philippines

The Philippine recovered fibre pulp market fell significantly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption continues to indicate a dramatic curtailment. Recovered fibre pulp consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Recovered Fibre Pulp Production in the Philippines

In value terms, recovered fibre pulp production fell slightly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Recovered fibre pulp production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Recovered Fibre Pulp Exports

Exports from the Philippines

Recovered fibre pulp exports from the Philippines skyrocketed to X tons in 2022, picking up by X% on the year before. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, recovered fibre pulp exports soared to $X in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X tons) was the main destination for recovered fibre pulp exports from the Philippines, with a X% share of total exports. Moreover, recovered fibre pulp exports to China exceeded the volume sent to the second major destination, Thailand (X tons), fourfold. The third position in this ranking was held by Vietnam (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Vietnam (X% per year).

In value terms, China ($X) remains the key foreign market for recovered fibre pulp exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the average recovered fibre pulp export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price posted a resilient expansion. The pace of growth appeared the most rapid in 2018 an increase of X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per ton) and Thailand ($X per ton), while the average price for exports to China ($X per ton) and South Korea ($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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Recovered Fibre Pulp Imports

Imports into the Philippines

After two years of growth, supplies from abroad of recovered fibre pulp decreased by X% to X tons in 2022. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, recovered fibre pulp imports reduced remarkably to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

In 2022, Germany (X tons) was the main recovered fibre pulp supplier to the Philippines, with a X% share of total imports. It was followed by the United States (X tons), with a X% share of total imports. Singapore (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Singapore (X% per year).

In value terms, Germany ($X) constituted the largest supplier of recovered fibre pulp to the Philippines, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Singapore (X% per year).

Import Prices by Country

The average recovered fibre pulp import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price enjoyed a moderate increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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