Philippines: Envelope Market 2025

Envelope Market Size in the Philippines

In 2021, the Philippine envelope market was finally on the rise to reach $X after three years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Envelope Production in the Philippines

In value terms, envelope production expanded significantly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 77% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Envelope Exports

Exports from the Philippines

In 2021, overseas shipments of envelopes decreased by -92.7% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 984%. As a result, the exports reached the peak of X tons, and then fell dramatically in the following year.

In value terms, envelope exports dropped markedly to $X in 2021. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 1,221%. The exports peaked at $X in 2020, and then dropped rapidly in the following year.

Exports by Country

Thailand (X tons) was the main destination for envelope exports from the Philippines, with a 68% share of total exports. Moreover, envelope exports to Thailand exceeded the volume sent to the second major destination, Taiwan (Chinese) (X kg), fivefold. China (X kg) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Thailand stood at +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (0.0% per year) and China (+1.9% per year).

In value terms, Thailand ($X) emerged as the key foreign market for envelopes exports from the Philippines, comprising 73% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 9.2% share of total exports. It was followed by China, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand stood at +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (0.0% per year) and China (-12.0% per year).

Export Prices by Country

In 2021, the average envelope export price amounted to $X per ton, falling by -21.1% against the previous year. Over the period under review, the export price continues to indicate a perceptible decline. The growth pace was the most rapid in 2017 when the average export price increased by 75%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Japan (+54.2%), while the prices for the other major destinations experienced more modest paces of growth.

Envelope Imports

Imports into the Philippines

In 2021, supplies from abroad of envelopes increased by 19% to X tons, rising for the seventh consecutive year after two years of decline. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 57%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, envelope imports surged to $X in 2021. In general, imports showed a prominent increase. The growth pace was the most rapid in 2014 with an increase of 53% against the previous year. Imports peaked at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Singapore (X tons) were the main suppliers of envelope imports to the Philippines, together accounting for 72% of total imports. These countries were followed by the United States, Japan, Germany and Hong Kong SAR, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +38.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest envelope suppliers to the Philippines were China ($X), Taiwan (Chinese) ($X) and Singapore ($X), together comprising 70% of total imports. The United States, Japan, Germany and Hong Kong SAR lagged somewhat behind, together comprising a further 28%.

Germany, with a CAGR of +27.3%, 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 more modest paces of growth.

Import Prices by Country

The average envelope import price stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the import price posted a notable expansion. The pace of growth was the most pronounced in 2014 an increase of 57% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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