Philippines: Market for Coated Printing and Writing Papers 2024

Market Size for Coated Printing and Writing Papers in the Philippines

The Philippine market for coated printing and writing papers rose markedly to $X in 2021, growing by 5.9% 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). Overall, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -26.5% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Coated Printing and Writing Papers

Exports from the Philippines

In 2021, approx. X tons of coated printing and writing papers were exported from the Philippines; jumping by 136% compared with the previous year's figure. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 186%. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, coated printing and writing paper exports soared to $X in 2021. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 169%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

South Korea (X tons), Australia (X tons) and New Zealand (X tons) were the main destinations of coated printing and writing paper exports from the Philippines, with a combined 95% 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 New Zealand (with a CAGR of +74.3%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), South Korea ($X) and New Zealand ($X) appeared to be the largest markets for coated printing and writing paper exported from the Philippines worldwide, together comprising 91% of total exports.

New Zealand, with a CAGR of +83.0%, saw the highest growth rate of 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

The average export price for coated printing and writing papers stood at $X per ton in 2021, falling by -19.1% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 an increase of 23% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to South Korea ($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 Singapore (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coated Printing and Writing Papers

Imports into the Philippines

Coated printing and writing paper imports into the Philippines amounted to X tons in 2021, almost unchanged from 2020 figures. Over the period under review, imports showed a slight expansion. The pace of growth appeared the most rapid in 2016 with an increase of 46%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, coated printing and writing paper imports amounted to $X in 2021. Overall, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.4% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 28%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Singapore (X tons) and South Korea (X tons) were the main suppliers of coated printing and writing paper imports to the Philippines, with a combined 58% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +15.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of coated printing and writing papers to the Philippines, comprising 33% of total imports. The second position in the ranking was held by Singapore ($X), with a 15% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+23.2% per year) and South Korea (+8.8% per year).

Import Prices by Country

The average import price for coated printing and writing papers stood at $X per ton in 2021, surging by 7.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 23%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :