Philippines: Ceramic Household Article Market 2024

Ceramic Household Article Market Size in the Philippines

In 2021, after three years of decline, there was significant growth in the Philippine ceramic household article market, when its value increased by 24% to $X. Over the period under review, consumption, however, continues to indicate a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Ceramic Household Article Exports

Exports from the Philippines

Ceramic household article exports from the Philippines soared to X tons in 2021, jumping by 16% compared with the previous year. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2014 with an increase of 551% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, ceramic household article exports surged to $X in 2021. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 834%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for ceramic household article exports from the Philippines, accounting for a 81% share of total exports. Moreover, ceramic household article exports to Japan exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was held by Ireland (X tons), with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume to Japan stood at +82.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+62.9% per year) and Ireland (+17.2% per year).

In value terms, Japan ($X) remains the key foreign market for ceramic household articles and toilet articles exports from the Philippines, comprising 79% of total exports. The second position in the ranking was taken by the United States ($X), with a 5.3% share of total exports. It was followed by Ireland, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value to Japan totaled +83.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+82.9% per year) and Ireland (+45.3% per year).

Export Prices by Country

The average ceramic household article export price stood at $X per ton in 2021, growing by 29% against the previous year. Over the period under review, the export price recorded a resilient increase. The pace of growth appeared the most rapid in 2013 an increase of 95% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 Ireland (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Household Article Imports

Imports into the Philippines

In 2021, purchases abroad of ceramic household articles and toilet articles increased by 18% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 20%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, ceramic household article imports soared to $X in 2021. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 53%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of ceramic household article to the Philippines, with a 67% share of total imports. Moreover, ceramic household article imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fivefold. Japan (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+31.8% per year) and Japan (+16.7% per year).

In value terms, China ($X) constituted the largest supplier of ceramic household articles and toilet articles to the Philippines, comprising 72% of total imports. The second position in the ranking was taken by Japan ($X), with a 14% share of total imports. It was followed by the United Arab Emirates, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+26.6% per year) and the United Arab Emirates (+19.9% per year).

Import Prices by Country

In 2021, the average ceramic household article import price amounted to $X per ton, picking up by 10% against the previous year. Over the period under review, the import price saw a significant expansion. The most prominent rate of growth was recorded in 2018 an increase of 335% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the United Arab Emirates ($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 (+35.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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