Philippines: Wrapping Papers Market Overview 2021

Wrapping Papers Market Size in the Philippines

After two years of growth, the Philippine wrapping papers market decreased by -X% to $X in 2020. In general, the total consumption indicated prominent growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2019, and then fell in the following year.

Wrapping Papers Exports

Exports from the Philippines

After two years of decline, overseas shipments of wrapping paper, packaging paper and paperboard increased by X% to X tonnes in 2020. Overall, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at X tonnes in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

In value terms, wrapping papers exports skyrocketed to $X in 2020. In general, exports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tonnes) was the main destination for wrapping papers exports from the Philippines, accounting for a X% share of total exports. Moreover, wrapping papers exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Viet Nam (X tonnes), tenfold.

From 2007 to 2020, the average annual growth rate of volume to Taiwan (Chinese) totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Viet Nam (+X% per year) and Thailand (+X% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for wrapping papers exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Taiwan (Chinese) stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Viet Nam (+X% per year) and Thailand (+X% per year).

Export Prices by Country

The average wrapping papers export price stood at $X per tonne in 2020, waning by -X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Viet Nam ($X per tonne), while the average price for exports to Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced a decline.

Wrapping Papers Imports

Imports into the Philippines

In 2020, the amount of wrapping paper, packaging paper and paperboard imported into the Philippines dropped slightly to X tonnes, declining by -X% on the previous year. In general, total imports indicated a strong expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at X tonnes in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, wrapping papers imports declined to $X in 2020. Over the period under review, total imports indicated a buoyant increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Imports peaked at $X in 2019, and then dropped in the following year.

Imports by Country

Germany (X tonnes), Japan (X tonnes) and the U.S. (X tonnes) were the main suppliers of wrapping papers imports to the Philippines, together accounting for X% of total imports. These countries were followed by China, Australia, Indonesia, Malaysia, Sweden, Austria, New Zealand, Taiwan (Chinese), Canada and South Korea, which together accounted for a further X 2007 to 2020, the biggest increases were in South Korea, 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 ($X), Germany ($X) and Japan ($X), together accounting for X% of total imports. Malaysia, the U.S., Indonesia, Taiwan (Chinese), Austria, Sweden, Australia, New Zealand, Canada and South Korea lagged somewhat behind, together accounting for a further X recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average wrapping papers import price amounted to $X per tonne, which is down by -X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2019, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per tonne), while the price for Australia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wrapping paper, packaging paper and paperboard in the world?

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The country with the largest volume of wrapping papers consumption was China (7.7M tonnes), accounting for 38% of total volume. Moreover, wrapping papers consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (2M tonnes), fourfold. The third position in this ranking was occupied by Italy (721K tonnes), with a 3.6% share.

What are the largest producers of wrapping paper, packaging paper and paperboard in the world?

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The country with the largest volume of wrapping papers production was China (7.1M tonnes), comprising approx. 36% of total volume. Moreover, wrapping papers production in China exceeded the figures recorded by the second-largest producer, the U.S. (2.5M tonnes), threefold. The third position in this ranking was occupied by Sweden (968K tonnes), with a 5% share.

What are the leading suppliers of wrapping paper, packaging paper and paperboard to the Philippines?

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In value terms, China ($7.6M), Germany ($5.7M) and Japan ($4.7M) constituted the largest wrapping papers suppliers to the Philippines, with a combined 37% share of total imports. These countries were followed by Malaysia, the U.S., Indonesia, Taiwan (Chinese), Austria, Sweden, Australia, New Zealand, Canada and South Korea, which together accounted for a further 36%.

What are the leading importers of wrapping paper, packaging paper and paperboard from the Philippines?

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In value terms, Taiwan (Chinese) ($145K) remains the key foreign market for wrapping papers exports from the Philippines, comprising 58% of total exports. The second position in the ranking was occupied by Viet Nam ($28K), with a 11% share of total exports.

What is the average export price for wrapping paper, packaging paper and paperboard in the Philippines?

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In 2020, the average wrapping papers export price amounted to $981 per tonne, waning by -22.5% against the previous year.

What is the average import price for wrapping paper, packaging paper and paperboard in the Philippines?

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The average wrapping papers import price stood at $844 per tonne in 2020, which is down by -9.2% against the previous year.