Report Update Nov 1, 2024

Philippines - Fiber Board of Wood or Other Ligneous Materials - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Fiberboard Market 2024

Fiberboard Market Size in the Philippines

In 2022, the Philippine fiberboard market increased by 24% to $X, rising for the second year in a row after three years of decline. Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +68.9% against 2020 indices. Fiberboard consumption peaked in 2022 and is expected to retain growth in the immediate term.

Fiberboard Exports

Exports from the Philippines

Fiberboard exports from the Philippines expanded notably to X cubic meters in 2022, picking up by 15% against the previous year. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 5,759%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, fiberboard exports expanded notably to $X in 2022. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2017 when exports increased by 6,660% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X cubic meters) was the main destination for fiberboard exports from the Philippines, accounting for a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan amounted to +106.2%.

In value terms, Japan ($X) also remains the key foreign market for fiber board of wood or other ligneous materials exports from the Philippines.

From 2012 to 2022, the average annual growth rate of value to Japan stood at +97.2%.

Export Prices by Country

In 2022, the average fiberboard export price amounted to $X per cubic meter, waning by -6.6% against the previous year. Overall, the export price showed a deep downturn. The growth pace was the most rapid in 2020 an increase of 24% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to -4.4% per year.

Fiberboard Imports

Imports into the Philippines

Fiberboard imports into the Philippines skyrocketed to X cubic meters in 2022, jumping by 39% compared with the previous year. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, fiberboard imports rose notably to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 39%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X cubic meters), Malaysia (X cubic meters) and Thailand (X cubic meters) were the main suppliers of fiberboard imports to the Philippines, together accounting for 83% of total imports. New Zealand, Japan, Indonesia and Vietnam lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +39.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fiberboard suppliers to the Philippines were Malaysia ($X), China ($X) and New Zealand ($X), with a combined 82% share of total imports. Thailand, Indonesia, Japan and Vietnam lagged somewhat behind, together accounting for a further 16%.

Among the main suppliers, Indonesia, with a CAGR of +18.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fiberboard import price stood at $X per cubic meter in 2022, declining by -18.9% against the previous year. Overall, the import price showed a mild setback. The pace of growth was the most pronounced in 2020 when the average import price increased by 7.9%. As a result, import price attained the peak level of $X per cubic meter. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per cubic meter), while the price for Japan ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+10.2%), 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 fiber board of wood or other ligneous materials in the world?

The countries with the highest volumes of in 2021 were China, the United States and Brazil, with a combined 46% share of global consumption. These countries were followed by Russia, Pakistan, Indonesia, Germany, Canada, Poland, Thailand and Australia, which together accounted for a further 22%.

What are the largest producers of fiber board of wood or other ligneous materials in the world?

The countries with the highest volumes of in 2021 were China, the United States and Brazil, together accounting for 47% of global production. Russia, Germany, Pakistan, Indonesia, Thailand, Poland, Turkey, Canada and Malaysia lagged somewhat behind, together accounting for a further 32%.

What are the leading suppliers of fiber board of wood or other ligneous materials to the Philippines?

In value terms, Malaysia constituted the largest supplier of fiberboard to the Philippines, comprising 52% of total imports. The second position in the ranking was occupied by New Zealand, with a 21% share of total imports. It was followed by China, with a 12% share.

What are the leading importers of fiber board of wood or other ligneous materials from the Philippines?

In value terms, Japan remains the key foreign market for fiberboard exports from the Philippines.

What is the average export price for fiber board of wood or other ligneous materials in the Philippines?

The average fiberboard export price stood at $3.5 per cubic meter in 2021, rising by 31% against the previous year.

What is the average import price for fiber board of wood or other ligneous materials in the Philippines?

In 2021, the average fiberboard import price amounted to $0.6 per cubic meter, with an increase of 15% against the previous year.

This report provides an in-depth analysis of the fiberboard 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 16211423 - Medium density fibreboard (MDF), of wood or other ligneous materials, whether or not bonded with resins or other organic substances, of a thickness not exceeding 5 mm
Prodcom 16211426 - Medium density fibreboard (MDF), of wood or other ligneous materials, whether or not bonded with resins or other organic substances, of a thickness exceeding 5 mm but not exceeding 9 mm
Prodcom 16211429 - Medium density fibreboard (MDF), of wood or other ligneous materials, whether or not bonded with resins or other organic substances, of a thickness exceeding 9 mm
Prodcom 16211443 - Fibreboard (excluding medium density fibreboard [MDF]), of wood or other ligneous materials, whether or not bonded with resins or other organic substances, of a density exceeding 0,8 g/cm.
Prodcom 16211446 - Fibreboard (excluding medium density fibreboard [MDF]), of wood or other ligneous materials, whether or not bonded with resins or other organic substances, of a density exceeding 0,5 g/cm. but not exceeding 0,8 g/cm.
Prodcom 16211449 - Fibreboard of wood or other ligneous materials (excluding medium density fibreboard [MDF]), whether or not bonded with resins or other organic substances, of a density not exceeding 0,5 g/cm.

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023