Philippines: Wood Fuel (Coniferous) Market 2020

Wood Fuel (Coniferous) Market Size in the Philippines

The revenue of the wood fuel (coniferous) market in the Philippines amounted to $X in 2017, shrinking by -X% against the previous year. In general, wood fuel (coniferous) consumption continues to indicate a drastic decrease. The most prominent rate of growth was recorded in 2012, when market value increased by X% y-o-y. Over the period under review, the wood fuel (coniferous) market reached its maximum level in 2017, and is likely to continue its growth in the immediate term.

Wood Fuel (Coniferous) Production in the Philippines

In 2017, approx. X cubic meters of wood fuel (coniferous) were produced in the Philippines; approximately mirroring the previous year. Overall, wood fuel (coniferous) production continues to indicate a deep slump. The growth pace was the most rapid in 2012, when the output figure increased by X% y-o-y. In that year, the wood fuel (coniferous) production reached their peak volume of X cubic meters. From 2013 to 2017, growth of the wood fuel (coniferous) production failed to regain its momentum.

Wood Fuel (Coniferous) Exports in the Philippines

In 2017, approx. X cubic meters of wood fuel (coniferous) were exported from the Philippines; falling by -X% against the previous year. In general, wood fuel (coniferous) exports continue to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2012, when exports increased by X% against the previous year. Over the period under review, the wood fuel (coniferous) exports attained its maximum volume of X cubic meters in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, wood fuel (coniferous) exports stood at $X in 2017. In general, wood fuel (coniferous) exports continue to indicate a prominent growth. Over the period under review, the wood fuel (coniferous) exports reached its maximum level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Wood Fuel (Coniferous) Exports by Country in the Philippines

Japan (X cubic meters) was the main destination of wood fuel (coniferous) exports from the Philippines, with a X% share of total exports. It was followed by the U.S. (X cubic meters), with a X% share of total exports.

From 2007 to 2017, the average annual growth rate of volume to Japan stood at +X%.

In value terms, Japan ($X) remains the key foreign market for wood fuel (coniferous) exports from the Philippines, making up X% of total wood fuel (coniferous) exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports.

From 2007 to 2017, the average annual rate of growth in terms of value to Japan amounted to +X%.

Wood Fuel (Coniferous) Export Prices by Country in the Philippines

In 2017, the average wood fuel (coniferous) export price amounted to $X per thousand cubic meters, growing by X% against the previous year. In general, wood fuel (coniferous) export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014, when it surged by X% against the previous year. In that year, the average export prices for wood fuel (coniferous) attained their peak level of $X per thousand cubic meters. From 2015 to 2017, growth of the average export prices for wood fuel (coniferous) failed to regain its momentum.

There were significant differences in the average export prices for the major foreign markets. In 2017, the country with the highest export price was Japan ($X per thousand cubic meters), while average price for exports to the U.S. ($X per thousand cubic meters) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Japan (+X% per year).

Wood Fuel (Coniferous) Imports in the Philippines

In 2017, the amount of wood fuel (coniferous) imported into the Philippines amounted to X cubic meters, going up by X% against the previous year. Overall, wood fuel (coniferous) imports continue to indicate a prominent growth. The pace of growth appeared the most rapid in 2008, when imports increased by X% year-to-year. Over the period under review, the wood fuel (coniferous) imports attained its maximum volume in 2017, and are expected to retain its growth in the near future.

In value terms, wood fuel (coniferous) imports amounted to $X in 2017. Overall, the total imports indicated a strong expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the wood fuel (coniferous) imports increased by +X% against 2014 indices. Over the period under review, the wood fuel (coniferous) imports attained its peak figure level in 2017, and are likely to continue its growth in the near future.

Wood Fuel (Coniferous) Imports by Country in the Philippines

In 2017, China (X cubic meters) constituted the largest wood fuel (coniferous) supplier to the Philippines, accounting for X% share of total imports. Moreover, wood fuel (coniferous) imports from China exceeded the figures recorded by the second largest supplier, New Zealand (X cubic meters), threefold. Finland (X cubic meters) ranked third in terms of total imports with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+X% per year) and Finland (+X% per year).

In value terms, China ($X) constituted the largest supplier of wood fuel (coniferous) to the Philippines, making up X% of total wood fuel (coniferous) imports. The second position in the ranking was occupied by Finland ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+X% per year) and New Zealand (+X% per year).

Wood Fuel (Coniferous) Import Prices by Country in the Philippines

The average wood fuel (coniferous) import price stood at $X per thousand cubic meters in 2017, remaining stable against the previous year. Overall, wood fuel (coniferous) import price continues to indicate a measured contraction. The most prominent rate of growth was recorded in 2013, when it surged by X% against the previous year. The import price peaked of $X per thousand cubic meters in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Spain ($X per thousand cubic meters), while prices for wood fuel (coniferous) imports from New Zealand ($X per thousand cubic meters) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Spain (-X% per year), the import prices for other major suppliers experienced a decline.

Source: IndexBox Platform