Philippines: Transport Container Market 2025

Transport Container Market Size in the Philippines

The Philippine transport container market rose markedly to $X in 2022, growing by 7.6% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Transport Container Production in the Philippines

In value terms, transport container production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 43%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Transport Container Exports

Exports from the Philippines

In 2022, the amount of transport containers exported from the Philippines soared to X units, with an increase of 26% against the year before. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 7,177%. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, transport container exports rose slightly to $X in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 9,464%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) was the main destination for transport container exports from the Philippines, accounting for a 48% share of total exports. Moreover, transport container exports to the United Arab Emirates exceeded the volume sent to the second major destination, Malaysia (X units), fourfold. Taiwan (Chinese) (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +174.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+71.3% per year) and Taiwan (Chinese) (+9.8% per year).

In value terms, Indonesia ($X) remains the key foreign market for transport containers exports from the Philippines, comprising 30% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia totaled +79.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+127.1% per year) and the Netherlands (+5.3% per year).

Export Prices by Country

The average transport container export price stood at $X per unit in 2022, dropping by -18.3% against the previous year. In general, the export price, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 271% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+3.8%), while the prices for the other major destinations experienced a decline.

Transport Container Imports

Imports into the Philippines

In 2022, overseas purchases of transport containers increased by 18% to X units, rising for the second year in a row after two years of decline. In general, imports showed prominent growth. The pace of growth appeared the most rapid in 2015 when imports increased by 174% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, transport container imports skyrocketed to $X in 2022. Overall, imports showed a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 126%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest transport container supplier to the Philippines, with a 59% share of total imports. Moreover, transport container imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), twofold. Singapore (X units) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+42.2% per year) and Singapore (+10.0% per year).

In value terms, China ($X) constituted the largest supplier of transport containers to the Philippines, comprising 80% of total imports. The second position in the ranking was held by South Korea ($X), with an 8.4% share of total imports. It was followed by India, with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+35.8% per year) and India (+54.2% per year).

Import Prices by Country

The average transport container import price stood at $X per unit in 2022, growing by 16% against the previous year. Overall, the import price, however, continues to indicate a mild downturn. The growth pace was the most rapid in 2014 when the average import price increased by 76% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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