Philippines - Parquet Panels of Wood for Mosaic Floors - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPhilippines: Assembled Parquet Panels Market 2024
Assembled Parquet Panels Market Size in the Philippines
In 2021, the Philippine assembled parquet panels market was finally on the rise to reach $X after two years of decline. In general, consumption showed significant growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.
Assembled Parquet Panels Exports
Exports from the Philippines
In 2021, shipments abroad of assembled parquet panels increased by 52% to X tons, rising for the third consecutive year after five years of decline. Overall, exports posted a prominent increase. The pace of growth appeared the most rapid in 2019 when exports increased by 150% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.
In value terms, assembled parquet panels exports soared to $X in 2021. Over the period under review, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 192%. The exports peaked in 2021 and are likely to see gradual growth in years to come.
Exports by Country
China (X tons) was the main destination for assembled parquet panels exports from the Philippines, with a 64% share of total exports. Moreover, assembled parquet panels exports to China exceeded the volume sent to the second major destination, the United States (X tons), twofold. Singapore (X tons) ranked third in terms of total exports with a 3.2% share.
From 2012 to 2021, the average annual growth rate of volume to China stood at +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+22.4% per year) and Singapore (+12.7% per year).
In value terms, China ($X) emerged as the key foreign market for assembled parquet panels exports from the Philippines, comprising 69% of total exports. The second position in the ranking was held by the United States ($X), with a 23% share of total exports. It was followed by Singapore, with a 4.5% share.
From 2012 to 2021, the average annual growth rate of value to China stood at +32.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+24.1% per year) and Singapore (+21.9% per year).
Export Prices by Country
In 2021, the average assembled parquet panels export price amounted to $X per ton, increasing by 7.9% against the previous year. In general, the export price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 48%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to the United States ($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 China (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Assembled Parquet Panels Imports
Imports into the Philippines
Assembled parquet panels imports into the Philippines surged to X tons in 2021, jumping by 41% on the year before. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 442%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.
In value terms, assembled parquet panels imports surged to $X in 2021. Over the period under review, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 279%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.
Imports by Country
In 2021, China (X tons) constituted the largest assembled parquet panels supplier to the Philippines, with a 68% share of total imports. Moreover, assembled parquet panels imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), ninefold. Germany (X tons) ranked third in terms of total imports with a 5.5% share.
From 2012 to 2021, the average annual growth rate of volume from China totaled +33.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+39.4% per year) and Germany (+8.7% per year).
In value terms, China ($X) constituted the largest supplier of assembled parquet panels to the Philippines, comprising 59% of total imports. The second position in the ranking was taken by Germany ($X), with a 7.3% share of total imports. It was followed by Malaysia, with a 7.1% share.
From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +29.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.7% per year) and Malaysia (+34.3% per year).
Import Prices by Country
In 2021, the average assembled parquet panels import price amounted to $X per ton, growing by 7.5% against the previous year. Over the period under review, the import price, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when the average import price increased by 52%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.
Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.2%), while the prices for the other major suppliers experienced a decline.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the assembled parquet panels 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:
- Prodcom 16221030 - Parquet panels of wood for mosaic floors
- Prodcom 16221060 - Parquet panels of wood (excluding those for mosaic floors)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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