Philippines: Filter Paper Market 2025

Filter Paper Market Size in the Philippines

The Philippine filter paper market reached $X in 2021, stabilizing at the previous year. In general, consumption recorded a remarkable increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Filter Paper Production in the Philippines

In value terms, filter paper production shrank to $X in 2021 estimated in export price. Over the period under review, production continues to indicate strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 35%. Filter paper production peaked at $X in 2020, and then shrank in the following year.

Filter Paper Exports

Exports from the Philippines

In 2021, shipments abroad of filter paper and paperboard cut to shape was finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2017 with an increase of 1,522% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, filter paper exports skyrocketed to $X in 2021. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 2,138% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for filter paper exports from the Philippines, accounting for a 80% share of total exports. Moreover, filter paper exports to the United States exceeded the volume sent to the second major destination, Denmark (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-11.5% per year) and Germany (+2.3% per year).

In value terms, the United States ($X) emerged as the key foreign market for filter paper and paperboard cut to shape exports from the Philippines, comprising 80% of total exports. The second position in the ranking was taken by Denmark ($X), with a 7.2% share of total exports. It was followed by Germany, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-6.8% per year) and Germany (+16.0% per year).

Export Prices by Country

The average filter paper export price stood at $X per ton in 2021, growing by 23% against the previous year. Over the period under review, the export price recorded a strong increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 38%. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Denmark ($X per ton) and Germany ($X per ton), while the average price for exports to the United States ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Filter Paper Imports

Imports into the Philippines

In 2021, supplies from abroad of filter paper and paperboard cut to shape was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports recorded a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 377%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, filter paper imports soared to $X in 2021. Over the period under review, imports posted strong growth. The pace of growth was the most pronounced in 2017 when imports increased by 286%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Japan (X tons) constituted the largest filter paper supplier to the Philippines, accounting for a 70% share of total imports. Moreover, filter paper imports from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sixfold. The third position in this ranking was held by China (X tons), with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan totaled +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+9.2% per year) and China (+1.8% per year).

In value terms, Japan ($X) constituted the largest supplier of filter paper and paperboard cut to shape to the Philippines, comprising 69% of total imports. The second position in the ranking was held by South Korea ($X), with a 12% share of total imports. It was followed by China, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at +37.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+22.5% per year) and China (+17.5% per year).

Import Prices by Country

The average filter paper import price stood at $X per ton in 2021, growing by 32% against the previous year. In general, the import price enjoyed notable growth. The pace of growth was the most pronounced in 2019 when the average import price increased by 71% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Hong Kong SAR ($X per ton) and Japan ($X per ton), while the price for Singapore ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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