Philippines: Industrial Roundwood Market 2025

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

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