Report Update Nov 1, 2024

Philippines - Industrial Roundwood - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Industrial Roundwood Market 2024

Industrial Roundwood Market Size in the Philippines

The Philippine industrial roundwood market reached $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Industrial Roundwood Production in the Philippines

In value terms, industrial roundwood production rose modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a tangible expansion. The most prominent rate of growth was recorded in 2015 with an increase of 107%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Industrial Roundwood Exports

Exports from the Philippines

In 2022, overseas shipments of industrial roundwood increased by 60% to X cubic meters for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, faced a sharp descent. The pace of growth appeared the most rapid in 2017 when exports increased by 207% against the previous year. The exports peaked at X cubic meters in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, industrial roundwood exports fell dramatically to $X in 2022. Over the period under review, exports, however, recorded a abrupt decline. The growth pace was the most rapid in 2016 with an increase of 382%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

China (X cubic meters) was the main destination for industrial roundwood exports from the Philippines, accounting for a approx. 98% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled -18.7%.

In value terms, China ($X) also remains the key foreign market for industrial roundwood exports from the Philippines.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at -20.7%.

Export Prices by Country

In 2022, the average industrial roundwood export price amounted to $X per cubic meter, reducing by -58.3% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 99% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2017 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for the Dominican Republic amounted to +13.5% per year.

Industrial Roundwood Imports

Imports into the Philippines

In 2022, imports of industrial roundwood into the Philippines fell significantly to X cubic meters, shrinking by -27.2% compared with 2021. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 82% against the previous year. Imports peaked at X cubic meters in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, industrial roundwood imports contracted sharply to $X in 2022. Over the period under review, imports recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 112% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest industrial roundwood supplier to the Philippines, accounting for a 69% share of total imports. Moreover, industrial roundwood imports from the United States exceeded the figures recorded by the second-largest supplier, Papua New Guinea (X cubic meters), threefold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +2.7%.

In value terms, Papua New Guinea ($X) and the United States ($X) appeared to be the largest industrial roundwood suppliers to the Philippines.

The United States, with a CAGR of -11.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average industrial roundwood import price amounted to $X per cubic meter, shrinking by -10.3% against the previous year. In general, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 25%. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Papua New Guinea ($X per cubic meter), while the price for the United States amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+1.7%), 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 industrial roundwood in the world?

The countries with the highest volumes of in 2021 were the United States, China and Russia, together accounting for 41% of global consumption. These countries were followed by Brazil, Canada, Indonesia, Sweden, Finland, India, Chile, Germany, Vietnam and Poland, which together accounted for a further 35%.

What are the largest producers of industrial roundwood in the world?

The countries with the highest volumes of in 2021 were the United States, Russia and China, together accounting for 38% of global production. These countries were followed by Brazil, Canada, Indonesia, Sweden, Germany, Finland, India, New Zealand, Chile and Vietnam, which together accounted for a further 36%.

What are the leading suppliers of industrial roundwood to the Philippines?

In value terms, Solomon Islands constituted the largest supplier of industrial roundwood to the Philippines, comprising 58% of total imports. The second position in the ranking was occupied by the United States, with a 13% share of total imports. It was followed by Malaysia, with a 6.5% share.

What are the leading importers of industrial roundwood from the Philippines?

In value terms, the Netherlands remains the key foreign market for industrial roundwood exports from the Philippines, comprising 92% of total exports. The second position in the ranking was occupied by Italy, with an 18% share of total exports.

What is the average export price for industrial roundwood in the Philippines?

The average industrial roundwood export price stood at $394 per cubic meter in 2021, picking up by 4.7% against the previous year.

What is the average import price for industrial roundwood in the Philippines?

The average industrial roundwood import price stood at $138 per cubic meter in 2021, dropping by -30.4% against the previous year.

This report provides an in-depth analysis of the industrial roundwood 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 1866 -
FCL 1867 -

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
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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