Philippines: Paper Tablecloths Market 2024

Paper Tablecloths Market Size in the Philippines

In 2021, after two years of decline, there was significant growth in the Philippine paper tablecloths market, when its value increased by 8.6% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Paper tablecloths consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Paper Tablecloths Production in the Philippines

In value terms, paper tablecloths production expanded markedly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 42% against the previous year. Paper tablecloths production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Paper Tablecloths Exports

Exports from the Philippines

After two years of growth, overseas shipments of paper tablecloths and serviettes decreased by -39.4% to X tons in 2021. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 1,815% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, paper tablecloths exports shrank sharply to $X in 2021. Over the period under review, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 1,254%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Kuwait (X tons) and Guam (X kg) were the main destinations of paper tablecloths exports from the Philippines, with a combined 98% share of total exports. Malaysia lagged somewhat behind, accounting for a further 1.9%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +7.4%), while the other leaders experienced a decline.

In value terms, Singapore ($X), Kuwait ($X) and Guam ($X) were the largest markets for paper tablecloths exported from the Philippines worldwide, with a combined 98% share of total exports.

Kuwait, with a CAGR of +1.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average paper tablecloths export price amounted to $X per ton, declining by -5.1% against the previous year. Over the period under review, the export price, however, saw a modest increase. The pace of growth was the most pronounced in 2018 an increase of 163% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Guam ($X per ton) and Malaysia ($X per ton), while the average price for exports to Singapore ($X per ton) and Kuwait ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+50.8%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Tablecloths Imports

Imports into the Philippines

In 2021, purchases abroad of paper tablecloths and serviettes decreased by -84.5% to X tons, falling for the second consecutive year after two years of growth. In general, imports saw a significant curtailment. The pace of growth was the most pronounced in 2019 with an increase of 95%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, paper tablecloths imports fell dramatically to $X in 2021. Over the period under review, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2018 when imports increased by 130% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of paper tablecloths to the Philippines, with a 72% share of total imports. Moreover, paper tablecloths imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), ninefold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+43.8% per year) and the United Arab Emirates (-3.3% per year).

In value terms, China ($X) constituted the largest supplier of paper tablecloths and serviettes to the Philippines, comprising 73% of total imports. The second position in the ranking was held by Vietnam ($X), with a 7.9% share of total imports. It was followed by the United Arab Emirates, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+52.4% per year) and the United Arab Emirates (-4.3% per year).

Import Prices by Country

In 2021, the average paper tablecloths import price amounted to $X per ton, with an increase of 55% against the previous year. In general, the import price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 an increase of 105% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Thailand ($X per ton) and Vietnam ($X per ton), while the price for the United Arab Emirates ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+30.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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