Philippines: Uncoated Filter Paper Market 2024

Uncoated Filter Paper Market Size in the Philippines

The Philippine uncoated filter paper market contracted to $X in 2022, falling by -11.1% 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, posted a resilient expansion. Uncoated filter paper consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Uncoated Filter Paper Exports

Exports from the Philippines

Uncoated filter paper exports from the Philippines soared to X tons in 2022, with an increase of 53% on the year before. Overall, exports, however, faced a dramatic decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 2,489% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, uncoated filter paper exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a sharp reduction. The growth pace was the most rapid in 2019 when exports increased by 2,671% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for uncoated filter paper exports from the Philippines, with a 54% share of total exports. Moreover, uncoated filter paper exports to Australia exceeded the volume sent to the second major destination, the United States (X tons), threefold. The Netherlands (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Australia stood at +44.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-30.6% per year) and the Netherlands (-2.0% per year).

In value terms, Australia ($X) remains the key foreign market for uncoated filter paper and paperboard exports from the Philippines, comprising 54% of total exports. The second position in the ranking was held by the United States ($X), with a 17% share of total exports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Australia stood at +33.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-34.3% per year) and the Netherlands (-12.9% per year).

Export Prices by Country

In 2022, the average uncoated filter paper export price amounted to $X per ton, declining by -6.5% against the previous year. In general, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2016 an increase of 93% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per ton) and Cyprus ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Indonesia ($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 India (+28.3%), while the prices for the other major destinations experienced mixed trend patterns.

Uncoated Filter Paper Imports

Imports into the Philippines

In 2022, the amount of uncoated filter paper and paperboard imported into the Philippines shrank to X tons, with a decrease of -14.9% on the previous year's figure. Over the period under review, imports, however, saw perceptible growth. The growth pace was the most rapid in 2021 with an increase of 162% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, uncoated filter paper imports dropped to $X in 2022. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 175% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons) constituted the largest uncoated filter paper supplier to the Philippines, with a 64% share of total imports. Moreover, uncoated filter paper imports from Japan exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan amounted to +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+5.2% per year) and Germany (+3.9% per year).

In value terms, Japan ($X) constituted the largest supplier of uncoated filter paper and paperboard to the Philippines, comprising 64% of total imports. The second position in the ranking was held by Thailand ($X), with a 13% share of total imports. It was followed by Germany, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from Japan totaled +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+5.4% per year) and Germany (+5.4% per year).

Import Prices by Country

The average uncoated filter paper import price stood at $X per ton in 2022, with an increase of 7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 11%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per ton) and Italy ($X per ton), while the price for Thailand ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :