Philippines: Market for Wood Pulp, Excluding Mechanical Wood Pulp 2024

Market Size for Wood Pulp, Excluding Mechanical Wood Pulp in the Philippines

In 2022, the Philippine market for wood pulp, excluding mechanical wood pulp increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the near future.

Production of Wood Pulp, Excluding Mechanical Wood Pulp in the Philippines

In value terms, production of wood pulp, excluding mechanical wood pulp fell modestly to $X in 2022 estimated in export price. In general, production showed a perceptible setback. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Wood Pulp, Excluding Mechanical Wood Pulp

Exports from the Philippines

After three years of decline, overseas shipments of wood pulp, excluding mechanical wood pulp decreased by X% to X tons in 2022. Over the period under review, exports showed prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of wood pulp, excluding mechanical wood pulp totaled $X in 2022. In general, exports recorded a slight reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for exports of wood pulp, excluding mechanical wood pulp from the Philippines, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at X%.

Export Prices by Country

The average export price for wood pulp, excluding mechanical wood pulp stood at $X per ton in 2022, stabilizing at the previous year. Overall, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to X% per year.

Imports of Wood Pulp, Excluding Mechanical Wood Pulp

Imports into the Philippines

In 2022, supplies from abroad of wood pulp, excluding mechanical wood pulp increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of wood pulp, excluding mechanical wood pulp surged to $X in 2022. In general, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest wood pulp, excluding mechanical wood pulp supplier to the Philippines, with a X% share of total imports. Moreover, imports of wood pulp, excluding mechanical wood pulp from the United States exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), ninefold. South Africa (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 the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and South Africa (X% per year).

In value terms, the United States ($X) constituted the largest supplier of wood pulp, excluding mechanical wood pulp to the Philippines, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with an X% share of total imports. It was followed by South Africa, with a X% share.

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

Import Prices by Country

In 2022, the average import price for wood pulp, excluding mechanical wood pulp amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and New Zealand ($X per ton), while the price for Chile ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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