Philippines: Paperboard Case Material Market 2024

Paperboard Case Material Market Size in the Philippines

In 2022, the Philippine paperboard case material market decreased by -6.5% to $X, falling for the fourth consecutive year after five years of growth. In general, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -39.6% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Paperboard Case Material Production in the Philippines

In value terms, paperboard case material production dropped slightly to $X in 2022 estimated in export price. In general, production recorded a measured expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 87%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Paperboard Case Material Exports

Exports from the Philippines

Paperboard case material exports from the Philippines skyrocketed to X tons in 2022, jumping by 457% against the previous year's figure. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 4,598% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, paperboard case material exports skyrocketed to $X in 2022. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 5,853% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Thailand (X tons), China (X tons) and Bangladesh (X tons) were the main destinations of paperboard case material exports from the Philippines, together accounting for 84% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +135.3%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), China ($X) and Bangladesh ($X) were the largest markets for paperboard case material exported from the Philippines worldwide, with a combined 85% share of total exports.

Bangladesh, with a CAGR of +166.2%, saw 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 more modest paces of growth.

Export Prices by Country

In 2022, the average paperboard case material export price amounted to $X per ton, increasing by 22% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paperboard case material export price increased by +89.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 78%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per ton) and China ($X per ton), while the average price for exports to Malaysia ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Paperboard Case Material Imports

Imports into the Philippines

For the third consecutive year, the Philippines recorded decline in supplies from abroad of paperboard case materials, which decreased by -11.9% to X tons in 2022. Over the period under review, total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -25.7% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 25%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, paperboard case material imports totaled $X in 2022. In general, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +16.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 30%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons), Finland (X tons) and Sweden (X tons) were the main suppliers of paperboard case material imports to the Philippines, with a combined 50% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +48.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest paperboard case material suppliers to the Philippines were Japan ($X), Finland ($X) and Sweden ($X), with a combined 49% share of total imports. The United States, Russia, Australia, Vietnam, Indonesia, New Zealand, Taiwan (Chinese), Brazil and Germany lagged somewhat behind, together comprising a further 41%.

Vietnam, with a CAGR of +44.4%, saw 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

The average paperboard case material import price stood at $X per ton in 2022, picking up by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2021 an increase of 28%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($X per ton) and Brazil ($X per ton), while the price for Russia ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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