Philippines: Chipped Coniferous Wood Market 2020

Chipped Coniferous Wood Market Size in the Philippines

The revenue of the chipped coniferous wood market in the Philippines amounted to $X in 2018, increasing by X% against the previous year. In general, the total market indicated a strong increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, chipped coniferous wood consumption increased by +X% against 2014 indices. The growth pace was the most rapid in 2018 when the market value increased by X% y-o-y. In that year, the chipped coniferous wood market reached its peak level and is likely to continue its growth in the immediate term.

Chipped Coniferous Wood Production in the Philippines

In value terms, chipped coniferous wood production totaled $X in 2018 estimated in export prices. Over the period under review, the total output indicated a resilient expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, chipped coniferous wood production increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. In that year, chipped coniferous wood production attained its peak level and is likely to continue its growth in the immediate term.

Chipped Coniferous Wood Exports

Exports from the Philippines

In 2018, the exports of coniferous wood in chips or particles from the Philippines amounted to X tons, shrinking by -X% against the previous year. Over the period under review, chipped coniferous wood exports continue to indicate an abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, chipped coniferous wood exports attained their peak figure at X tons in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

In value terms, chipped coniferous wood exports totaled $X in 2018. In general, chipped coniferous wood exports continue to indicate a deep drop. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

The U.S. (X tons) was the main destination for chipped coniferous wood exports from the Philippines, with a approx. X% share of total exports.

From 2007 to 2018, the average annual growth rate of volume to the U.S. stood at -X%.

In value terms, the U.S. ($X) also remains the key foreign market for chipped coniferous wood exports from the Philippines.

From 2007 to 2018, the average annual growth rate of value to the U.S. amounted to -X%.

Export Prices by Country

In 2018, the average chipped coniferous wood export price amounted to $X per ton, surging by X% against the previous year. Overall, the chipped coniferous wood export price, however, continues to indicate a temperate shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the U.S..

From 2007 to 2018, the rate of growth in terms of prices for the U.S. amounted to -X% per year.

Chipped Coniferous Wood Imports

Imports into the Philippines

In 2018, the amount of coniferous wood in chips or particles imported into the Philippines totaled X tons, growing by X% against the previous year. Over the period under review, chipped coniferous wood imports continue to indicate outstanding growth. The pace of growth appeared the most rapid in 2012 when imports increased by X% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, chipped coniferous wood imports stood at $X in 2018. Over the period under review, chipped coniferous wood imports continue to indicate outstanding growth. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, chipped coniferous wood imports reached their peak figure in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, Lithuania (X tons) constituted the largest chipped coniferous wood supplier to the Philippines, accounting for a X% share of total imports. Moreover, chipped coniferous wood imports from Lithuania exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold. The third position in this ranking was occupied by Germany (X tons), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Lithuania was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+X% per year) and Germany (+X% per year).

In value terms, Lithuania ($X) constituted the largest supplier of chipped coniferous wood to the Philippines, comprising X% of total chipped coniferous wood imports. The second position in the ranking was occupied by Denmark ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Lithuania was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+X% per year) and Indonesia (+X% per year).

Import Prices by Country

The average chipped coniferous wood import price stood at $X per ton in 2018, standing approx. at the previous year. In general, the chipped coniferous wood import price, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. The import price peaked at $X per ton in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Taiwan, Chinese ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform