Report Philippines - Folding Boxboard - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Mar 1, 2025

Philippines - Folding Boxboard - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Folding Boxboard Market 2025

Folding Boxboard Market Size in the Philippines

In 2021, the Philippine folding boxboard market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Folding Boxboard Production in the Philippines

In value terms, folding boxboard production rose remarkably to $X in 2021 estimated in export price. Overall, production, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2018 when the production volume increased by 25%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Folding Boxboard Exports

Exports from the Philippines

In 2021, approx. X tons of folding boxboard were exported from the Philippines; reducing by -28.1% compared with the year before. Overall, exports, however, posted a pronounced increase. The growth pace was the most rapid in 2015 with an increase of 289%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, folding boxboard exports contracted dramatically to $X in 2021. In general, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 340%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for folding boxboard exports from the Philippines, accounting for a 52% share of total exports. Moreover, folding boxboard exports to South Korea exceeded the volume sent to the second major destination, Malaysia (X tons), fivefold. Singapore (X tons) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea amounted to +51.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+8.1% per year) and Singapore (-2.7% per year).

In value terms, Japan ($X), South Korea ($X) and Singapore ($X) appeared to be the largest markets for folding boxboard exported from the Philippines worldwide, together comprising 82% of total exports. Vietnam, Indonesia, Malaysia, France and Russia lagged somewhat behind, together comprising a further 14%.

In terms of the main countries of destination, France, with a CAGR of +29,016.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average folding boxboard export price amounted to $X per ton, jumping by 18% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, folding boxboard export price increased by +70.2% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 45% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to Malaysia ($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 Russia (+86.5%), while the prices for the other major destinations experienced more modest paces of growth.

Folding Boxboard Imports

Imports into the Philippines

In 2021, purchases abroad of folding boxboard was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports enjoyed notable growth. The most prominent rate of growth was recorded in 2016 when imports increased by 55%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, folding boxboard imports expanded remarkably to $X in 2021. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by 27%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), South Korea (X tons) and Singapore (X tons) were the main suppliers of folding boxboard imports to the Philippines, with a combined 49% share of total imports. Chile, Taiwan (Chinese), Finland, Sweden, the United States, New Zealand and Indonesia lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +21.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Singapore ($X) and South Korea ($X) appeared to be the largest folding boxboard suppliers to the Philippines, with a combined 56% share of total imports. Chile, Finland, Taiwan (Chinese), Sweden, the United States, New Zealand and Indonesia lagged somewhat behind, together comprising a further 25%.

Chile, with a CAGR of +22.1%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 folding boxboard import price stood at $X per ton in 2021, surging by 9.1% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, folding boxboard import price increased by +95.5% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of 23%. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of folding boxboard consumption was China, accounting for 29% of total volume. Moreover, folding boxboard consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Indonesia ranked third in terms of total consumption with a 5% share.
China remains the largest folding boxboard producing country worldwide, accounting for 30% of total volume. Moreover, folding boxboard production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. Sweden ranked third in terms of total production with a 6.7% share.
In value terms, China, Singapore and South Korea appeared to be the largest folding boxboard suppliers to the Philippines, together comprising 61% of total imports. Chile, Finland, Taiwan Chinese) and the United States lagged somewhat behind, together accounting for a further 20%.
In value terms, the largest markets for folding boxboard exported from the Philippines were Japan, Indonesia and Vietnam, together comprising 86% of total exports. France, Singapore and Malaysia lagged somewhat behind, together accounting for a further 13%.
The average folding boxboard export price stood at $876 per ton in 2021, which is down by -20.4% against the previous year.
In 2021, the average folding boxboard import price amounted to $1,314 per ton, picking up by 39% against the previous year.

This report provides an in-depth analysis of the folding boxboard 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:

  • FCL 1618 - Cartonboard

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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

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