Philippines: Common Pottery Market 2024

Common Pottery Market Size in the Philippines

The Philippine common pottery market shrank dramatically to $X in 2022, declining by -33.9% 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). In general, consumption recorded a pronounced reduction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Common Pottery Exports

Exports from the Philippines

After three years of growth, overseas shipments of common pottery decreased by -11.5% to X tons in 2022. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2013 when exports increased by 28,448%. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, common pottery exports shrank remarkably to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 88,382% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Japan (X tons) was the main destination for common pottery exports from the Philippines, accounting for a 77% share of total exports. Moreover, common pottery exports to Japan exceeded the volume sent to the second major destination, Ireland (X tons), more than tenfold. The third position in this ranking was taken by Singapore (X tons), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume to Japan amounted to +228.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-3.3% per year) and Singapore (+30.1% per year).

In value terms, Japan ($X) remains the key foreign market for common pottery exports from the Philippines, comprising 77% of total exports. The second position in the ranking was taken by Ireland ($X), with a 3.5% share of total exports. It was followed by Singapore, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value to Japan stood at +243.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+10.7% per year) and Singapore (+12.7% per year).

Export Prices by Country

In 2022, the average common pottery export price amounted to $X per ton, shrinking by -12.2% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent expansion. The growth pace was the most rapid in 2013 when the average export price increased by 210%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Indonesia ($X per ton) and the United States ($X per ton), while the average price for exports to Ireland ($X per ton) and Japan ($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 Ireland (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Common Pottery Imports

Imports into the Philippines

In 2022, approx. X tons of common pottery were imported into the Philippines; waning by -40.3% on the year before. Over the period under review, imports continue to indicate a deep slump. The growth pace was the most rapid in 2021 with an increase of 77% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, common pottery imports contracted to $X in 2022. Overall, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 84% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of common pottery to the Philippines, with a 84% share of total imports. Moreover, common pottery imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), tenfold. The UK (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+16.0% per year) and the UK (+80.7% per year).

In value terms, China ($X) constituted the largest supplier of common pottery to the Philippines, comprising 84% of total imports. The second position in the ranking was taken by Japan ($X), with an 8.5% share of total imports. It was followed by the UK, with a 1.8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+33.5% per year) and the UK (+80.3% per year).

Import Prices by Country

In 2022, the average common pottery import price amounted to $X per ton, jumping by 44% against the previous year. Over the period under review, the import price enjoyed a significant expansion. The growth pace was the most rapid in 2018 an increase of 242%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and the United States ($X per ton), while the price for South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+27.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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