
Philippines - Wrapping Papers - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Philippines: Wrapping Papers Market 2022
Wrapping Papers Market Size in the Philippines
The Philippine wrapping papers market rose significantly to $X in 2021, growing by X% 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). Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.
Wrapping Papers Exports
Exports from the Philippines
In 2021, shipments abroad of wrapping paper, packaging paper and paperboard increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed 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, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.
In value terms, wrapping papers exports amounted to $X in 2021. Overall, exports saw a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Thailand (X tons) was the main destination for wrapping papers exports from the Philippines, accounting for a X% share of total exports. Moreover, wrapping papers exports to Thailand exceeded the volume sent to the second major destination, South Korea (X tons), fivefold. Vietnam (X tons) ranked third in terms of total exports with a X% share.
From 2012 to 2021, the average annual growth rate of volume to Thailand amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Vietnam (+X% per year).
In value terms, Thailand ($X), South Korea ($X) and Vietnam ($X) constituted the largest markets for wrapping papers exported from the Philippines worldwide, with a combined X% share of total exports.
Among the main countries of destination, South Korea, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2021, the average wrapping papers export price amounted to $X per ton, leveling off at the previous year. In general, the export price posted modest growth. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.
Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+X%), while the prices for the other major destinations experienced more modest paces of growth.
Wrapping Papers Imports
Imports into the Philippines
Wrapping papers imports into the Philippines rose rapidly to X tons in 2021, with an increase of X% compared with 2020 figures. Overall, imports, however, saw a pronounced setback. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.
In value terms, wrapping papers imports reached $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.
Imports by Country
Taiwan (Chinese) (X tons), Japan (X tons) and Sweden (X tons) were the main suppliers of wrapping papers imports to the Philippines, with a combined X% share of total imports. These countries were followed by China, the United States, Thailand and Malaysia, which together accounted for a further X 2012 to 2021, the biggest increases were in Thailand (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest wrapping papers suppliers to the Philippines were China ($X), Taiwan (Chinese) ($X) and Japan ($X), together accounting for X% of total imports. Sweden, the United States, Malaysia and Thailand lagged somewhat behind, together accounting for a further X the main suppliers, Malaysia, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average wrapping papers import price stood at $X per ton in 2021, remaining constant against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wrapping papers import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked in 2021 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the wrapping papers 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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