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Store → Wood and Paper Products → Products of Wood, Cork, Straw And Plaiting Materials → Solid Biofuels
Report Philippines - Solid Biofuels - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jun 1, 2023

Philippines - Solid Biofuels - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Solid Biofuel Market 2023

Solid Biofuel Market Size in the Philippines

In 2022, the Philippine solid biofuel market decreased by -34.2% to $X, falling for the sixth year in a row after three years of growth. Over the period under review, consumption saw a sharp slump. The most prominent rate of growth was recorded in 2016 when the market value increased by 2.2% against the previous year. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Solid Biofuel Production in the Philippines

In value terms, solid biofuel production contracted modestly to $X in 2022 estimated in export price. In general, production, however, saw a pronounced contraction. The growth pace was the most rapid in 2017 with an increase of 24% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Solid Biofuel Exports

Exports from the Philippines

For the sixth year in a row, the Philippines recorded growth in overseas shipments of solid biofuels, which increased by 3.4% to X tons in 2022. In general, exports recorded significant growth. The growth pace was the most rapid in 2018 when exports increased by 124%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, solid biofuel exports expanded to $X in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2018 when exports increased by 118% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

China (X tons) was the main destination for solid biofuel exports from the Philippines, accounting for a 35% share of total exports. Moreover, solid biofuel exports to China exceeded the volume sent to the second major destination, Japan (X tons), threefold. South Korea (X tons) ranked third in terms of total exports with a 1.9% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to China stood at +49.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+3.7% per year) and South Korea (-2.1% per year).

In value terms, the largest markets for solid biofuel exported from the Philippines were China ($X), Japan ($X) and South Korea ($X), with a combined 48% share of total exports.

China, with a CAGR of +61.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average solid biofuel export price amounted to $X per ton, approximately reflecting the previous year. Over the last five-year period, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 35% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Solid Biofuel Imports

Imports into the Philippines

In 2022, the amount of solid biofuels imported into the Philippines soared to X tons, growing by 32% against the previous year. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 654% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, solid biofuel imports declined remarkably to $X in 2022. Over the period under review, imports recorded a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 362% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then fell markedly in the following year.

Imports by Country

South Africa (X tons), Vietnam (X tons) and Malaysia (X tons) were the main suppliers of solid biofuel imports to the Philippines, together accounting for 45% of total imports.

From 2017 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +240.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constituted the largest supplier of solid biofuels to the Philippines, comprising 28% of total imports. The second position in the ranking was held by Malaysia ($X), with a 6.4% share of total imports. It was followed by Vietnam, with a 4.9% share.

From 2017 to 2022, the average annual rate of growth in terms of value from South Africa stood at +344.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (0.0% per year) and Vietnam (+41.6% per year).

Import Prices by Country

The average solid biofuel import price stood at $X per ton in 2022, waning by -74.5% against the previous year. Overall, the import price recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by 259%. As a result, import price reached the peak level of $X per ton, and then plummeted in the following year.

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 China ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+33.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for solid biofuels in the world?
+
The countries with the highest volumes of consumption in 2022 were the UK, Japan and South Korea, together accounting for 26% of global consumption.
What are the largest producers of solid biofuels in the world?
+
The countries with the highest volumes of production in 2022 were the United States, Brazil and Nigeria, with a combined 22% share of global production. These countries were followed by Ethiopia, Canada, Vietnam, Germany, Russia, Democratic Republic of the Congo, China, India, Latvia and Ghana, which together accounted for a further 30%.
What are the leading suppliers of solid biofuels to the Philippines?
+
In value terms, South Africa constituted the largest supplier of solid biofuels to the Philippines, comprising 28% of total imports. The second position in the ranking was taken by Malaysia, with a 6.4% share of total imports. It was followed by Vietnam, with a 4.9% share.
What are the leading importers of solid biofuels from the Philippines?
+
In value terms, the largest markets for solid biofuel exported from the Philippines were China, Japan and South Korea, together accounting for 48% of total exports.
What is the average export price for solid biofuels in the Philippines?
+
In 2022, the average solid biofuel export price amounted to $693 per ton, approximately reflecting the previous year.
What is the average import price for solid biofuels in the Philippines?
+
The average solid biofuel import price stood at $485 per ton in 2022, shrinking by -74.5% against the previous year.

This report provides an in-depth analysis of the solid biofuel market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 1630 - Wood charcoal
• FCL 1693 - Wood pellets
Country coverage:
• Philippines

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Philippines
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS  This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

This Chapter is Available Only for the Professional Edition PRO
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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