Philippines: Plastic Bottle Market 2025

Plastic Bottle Market Size in the Philippines

The Philippine plastic bottle market skyrocketed to $X in 2022, with an increase of 44% 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). In general, consumption saw a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Plastic Bottle Exports

Exports from the Philippines

In 2022, exports of carboys, bottles and similar articles of plastics from the Philippines soared to X tons, rising by 127% compared with the previous year's figure. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic bottle exports soared to $X in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Egypt (X tons), the UK (X tons) and Micronesia (X tons) were the main destinations of plastic bottle exports from the Philippines, together accounting for 66% of total exports. Russia, Singapore, China and Indonesia lagged somewhat behind, together comprising a further 28%.

From 2020 to 2022, the biggest increases were recorded for China (with a CAGR of +15,387.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) remains the key foreign market for carboys, bottles and similar articles of plastics exports from the Philippines, comprising 50% of total exports. The second position in the ranking was held by the UK ($X), with an 18% share of total exports. It was followed by Russia, with a 7.8% share.

From 2020 to 2022, the average annual growth rate of value to Egypt amounted to +1,056.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+36.8% per year) and Russia (0.0% per year).

Export Prices by Country

In 2022, the average plastic bottle export price amounted to $X per ton, flattening at the previous year. Overall, export price indicated a significant increase from 2020 to 2022: its price increased at an average annual rate of +22.3% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic bottle export price increased by +49.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Micronesia ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+11.9%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Bottle Imports

Imports into the Philippines

For the third year in a row, the Philippines recorded growth in purchases abroad of carboys, bottles and similar articles of plastics, which increased by 20% to X tons in 2022. The total import volume increased at an average annual rate of +16.0% from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic bottle imports soared to $X in 2022. Overall, total imports indicated a strong increase from 2020 to 2022: its value increased at an average annual rate of +18.7% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Thailand (X tons) and Vietnam (X tons) were the main suppliers of plastic bottle imports to the Philippines, together accounting for 84% of total imports. Malaysia, Indonesia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 11%.

From 2020 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +174.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic bottle suppliers to the Philippines were China ($X), Thailand ($X) and Vietnam ($X), with a combined 75% share of total imports. Malaysia, Taiwan (Chinese) and Indonesia lagged somewhat behind, together accounting for a further 13%.

Among the main suppliers, Indonesia, with a CAGR of +109.6%, recorded the highest rates of growth with regard to 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 plastic bottle import price stood at $X per ton in 2022, surging by 23% against the previous year. Over the last two years, it increased at an average annual rate of +2.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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