Report Update Feb 1, 2025

Philippines - Densified Wood - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Densified Wood Market 2025

Densified Wood Market Size in the Philippines

In 2022, the Philippine densified wood market increased by 1% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, continues to indicate a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Densified Wood Exports

Exports from the Philippines

In 2022, approx. X kg of densified wood were exported from the Philippines; shrinking by -99.7% compared with 2021. Overall, exports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 27,364% against the previous year. As a result, the exports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, densified wood exports fell sharply to $X in 2022. Over the period under review, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 25,076%. The exports peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Japan (X kg) was the main destination for densified wood exports from the Philippines, with a 54% share of total exports. Moreover, densified wood exports to Japan exceeded the volume sent to the second major destination, Finland (X kg), twofold. The third position in this ranking was taken by South Korea (X kg), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan totaled -66.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+53.8% per year) and South Korea (-70.3% per year).

In value terms, Finland ($X) emerged as the key foreign market for densified wood exports from the Philippines, comprising 55% of total exports. The second position in the ranking was taken by Japan ($X), with a 16% share of total exports. It was followed by South Korea, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Finland stood at +60.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-65.2% per year) and South Korea (-61.6% per year).

Export Prices by Country

In 2022, the average densified wood export price amounted to $X per ton, growing by 289% against the previous year. Overall, the export price enjoyed a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.

Densified Wood Imports

Imports into the Philippines

In 2022, overseas purchases of densified wood decreased by -19.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2017 when imports increased by 285%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, densified wood imports shrank markedly to $X in 2022. In general, imports saw a abrupt decrease. The growth pace was the most rapid in 2017 when imports increased by 154% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Vietnam (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of densified wood imports to the Philippines, together accounting for 96% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +25.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest densified wood suppliers to the Philippines were Vietnam ($X), China ($X) and Singapore ($X), with a combined 94% share of total imports.

China, with a CAGR of +21.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average densified wood import price amounted to $X per ton, approximately mirroring the previous year. Overall, the import price saw a buoyant increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 96% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood 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 Singapore ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+33.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for densified wood in the world?

The countries with the highest volumes of in 2021 were China, the United States and Japan, with a combined 44% share of global consumption. Russia, Nigeria, Indonesia, Brazil, Mexico, the Netherlands, Turkey, Canada and the UK lagged somewhat behind, together accounting for a further 25%.

What are the largest producers of densified wood in the world?

The countries with the highest volumes of in 2021 were China, the United States and Japan, together accounting for 46% of global production. These countries were followed by Brazil, Russia, Nigeria, Indonesia, Latvia, Mexico, Turkey and Canada, which together accounted for a further 26%.

What are the leading suppliers of densified wood to the Philippines?

In value terms, China constituted the largest supplier of densified wood to the Philippines, comprising 80% of total imports. The second position in the ranking was occupied by Vietnam, with a 13% share of total imports. It was followed by Malaysia, with a 4.3% share.

What is the average export price for densified wood in the Philippines?

In 2021, the average densified wood export price amounted to $3,433 per ton, shrinking by -57.6% against the previous year.

What is the average import price for densified wood in the Philippines?

The average densified wood import price stood at $654 per ton in 2021, waning by -19.8% against the previous year.

This report provides an in-depth analysis of the densified wood market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 16212200 - Densified wood, in blocks, plates, strips or profile shapes

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024