Philippines: Market for Bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened) 2025

Market Size for Bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened) in the Philippines

In 2021, the Philippine market for bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s increased by 31% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption continues to indicate a temperate increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)

Exports from the Philippines

After four years of decline, shipments abroad of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s increased by 198% to X tons in 2021. In general, exports, however, showed a deep slump. The growth pace was the most rapid in 2016 when exports increased by 321% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2016 with an increase of 3,056%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Japan (X tons), South Korea (X tons) and the United States (X kg) were the main destinations of exports of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s from the Philippines, with a combined 100% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +306.7%), while the other leaders experienced a decline.

In value terms, Japan ($X), South Korea ($X) and the United States ($X) appeared to be the largest markets for bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened) exported from the Philippines worldwide, together comprising 95% of total exports.

South Korea, with a CAGR of +56.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s amounted to $X per ton, jumping by 40% against the previous year. Overall, the export price, however, continues to indicate a deep contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by 650%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the United States ($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 Thailand (+47.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)

Imports into the Philippines

In 2021, supplies from abroad of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s was finally on the rise to reach X tons after two years of decline. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 246%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s skyrocketed to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 231% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), South Korea (X tons) and Malaysia (X tons) were the main suppliers of imports of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s to the Philippines, with a combined 63% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +96.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Malaysia ($X) were the largest bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened) suppliers to the Philippines, together accounting for 56% of total imports.

Malaysia, with a CAGR of +54.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s stood at $X per ton in 2021, rising by 5.9% against the previous year. In general, the import price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 39% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform