Philippines: Market for Graphic Paper with Mechanical Fibre Content Under 10% and of Weight 40-150 g/m2 in Rolls 2024

Market Size for Graphic Paper with Mechanical Fibre Content Under 10% and of Weight 40-150 g/m2 in Rolls in the Philippines

The Philippine market for graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in rolls expanded significantly to $X in 2021, growing by 7.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +1.2% against 2017 indices. Consumption of peaked in 2021 and is likely to see gradual growth in the near future.

Exports of Graphic Paper with Mechanical Fibre Content Under 10% and of Weight 40-150 g/m2 in Rolls

Exports from the Philippines

For the third consecutive year, the Philippines recorded decline in overseas shipments of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in rolls, which decreased by -64% to X tons in 2021. Over the period under review, exports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 7,329%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in rolls reduced remarkably to $X in 2021. Overall, exports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 4,338%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria (X tons) was the main destination for exports of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in rolls from the Philippines, accounting for a 75% share of total exports. Moreover, exports of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in rolls to Nigeria exceeded the volume sent to the second major destination, Vietnam (X tons), sixfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume to Nigeria totaled -21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-35.2% per year) and Taiwan (Chinese) (-28.3% per year).

In value terms, Nigeria ($X) remains the key foreign market for graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in rolls exports from the Philippines, comprising 84% of total exports. The second position in the ranking was held by Vietnam ($X), with a 5.4% share of total exports. It was followed by Taiwan (Chinese), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria stood at -24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-35.3% per year) and Taiwan (Chinese) (-32.0% per year).

Export Prices by Country

The average export price for graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in rolls stood at $X per ton in 2021, rising by 15% against the previous year. Over the period under review, the export price, however, showed a slight slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 29% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Vietnam ($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 Vietnam (-0.2%), while the prices for the other major destinations experienced a decline.

Imports of Graphic Paper with Mechanical Fibre Content Under 10% and of Weight 40-150 g/m2 in Rolls

Imports into the Philippines

In 2021, approx. X tons of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in rolls were imported into the Philippines; stabilizing at 2020. Overall, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +8.0% against 2018 indices. The growth pace was the most rapid in 2016 when imports increased by 54%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in rolls rose sharply to $X in 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.1% against 2015 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 32%. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in rolls supplier to the Philippines, accounting for a 74% share of total imports. Moreover, imports of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in rolls from Indonesia exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. Japan (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia amounted to +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+34.5% per year) and Japan (+22.5% per year).

In value terms, Indonesia ($X) constituted the largest supplier of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in rolls to the Philippines, comprising 74% of total imports. The second position in the ranking was held by South Korea ($X), with a 5.3% share of total imports. It was followed by Japan, with a 4% share.

From 2012 to 2021, the average annual growth rate of value from Indonesia amounted to +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+36.3% per year) and Japan (+29.3% per year).

Import Prices by Country

The average import price for graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in rolls stood at $X per ton in 2021, picking up by 8.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 an increase of 27%. The import price peaked in 2021 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Australia ($X per ton) and Japan ($X per ton), while the price for Singapore ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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