Report Update Nov 1, 2024

Philippines - Hardboard - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Hardboard Market 2024

Hardboard Market Size in the Philippines

In 2022, the Philippine hardboard market increased by 11% to $X, rising for the second consecutive year after two years of decline. In general, consumption posted perceptible growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Hardboard Production in the Philippines

In value terms, hardboard production shrank rapidly to $X in 2022 estimated in export price. Overall, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 174%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Hardboard Exports

Exports from the Philippines

In 2019, approx. X cubic meters of hardboard were exported from the Philippines; remaining stable against 2018. Over the period under review, exports enjoyed significant growth. The smallest decline of 99.9% was in 2018. The exports peaked in 2019 and are likely to continue growth in years to come.

In value terms, hardboard exports stood at $X in 2019. In general, exports recorded a significant increase. The smallest decline of 99.9% was in 2018. The exports peaked in 2019 and are expected to retain growth in the immediate term.

Exports by Country

Portugal (X cubic meters) was the main destination for hardboard exports from the Philippines, with a approx. 100% share of total exports.

From 2017 to 2019, the average annual growth rate of volume to Portugal was relatively modest.

From 2017 to 2019, the average annual growth rate of value to Portugal was relatively modest.

Export Prices by Country

The average hardboard export price stood at $X per cubic meter in 2019, almost unchanged from the previous year. Over the period under review, the export price faced a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the average export price decreased by 99.9%. The export price peaked at $X per cubic meter in 2017; however, from 2018 to 2019, the export prices stood at a somewhat lower figure.

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

From 2017 to 2019, the rate of growth in terms of prices for Tanzania amounted to 0.0% per year.

Hardboard Imports

Imports into the Philippines

In 2022, hardboard imports into the Philippines rose rapidly to X cubic meters, picking up by 12% on 2021. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 334%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, hardboard imports soared to $X in 2022. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 271% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Malaysia (X cubic meters), China (X cubic meters) and Thailand (X cubic meters) were the main suppliers of hardboard imports to the Philippines, with a combined 99% share of total imports.

From 2017 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +60.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hardboard suppliers to the Philippines were Malaysia ($X), China ($X) and Thailand ($X), together comprising 97% of total imports.

Malaysia, with a CAGR of +55.2%, 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

In 2022, the average hardboard import price amounted to $X per cubic meter, growing by 3.5% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 5.3% against the previous year. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per cubic meter), while the price for China ($X per cubic meter) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hardboard in the world?

The country with the largest volume of hardboard consumption was China, accounting for 38% of total volume. Moreover, hardboard consumption in China exceeded the figures recorded by the second-largest consumer, Germany, sixfold. Belgium ranked third in terms of total consumption with a 6.1% share.

What are the largest producers of hardboard in the world?

China remains the largest hardboard producing country worldwide, comprising approx. 37% of total volume. Moreover, hardboard production in China exceeded the figures recorded by the second-largest producer, Germany, threefold. Belarus ranked third in terms of total production with a 5.1% share.

What are the leading suppliers of hardboard to the Philippines?

In value terms, Malaysia constituted the largest supplier of hardboard to the Philippines, comprising 70% of total imports. The second position in the ranking was occupied by China, with a 15% share of total imports. It was followed by Japan, with a 6% share.

What is the average export price for hardboard in the Philippines?

In 2019, the average hardboard export price amounted to $921 per cubic meter, growing by 24% against the previous year.

What is the average import price for hardboard in the Philippines?

The average hardboard import price stood at $517 per cubic meter in 2021, waning by -20% against the previous year.

This report provides an in-depth analysis of the hardboard 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 1647 - Hardboard

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