Philippines: Photographic Film Market 2024

Photographic Film Market Size in the Philippines

In 2021, the Philippine photographic film market was finally on the rise to reach $X after two years of decline. In general, the total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.7% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Photographic Film Exports

Exports from the Philippines

In 2021, the amount of photographic plates and film, photographic paper, paperboard and textiles and instant print film, sensitized, unexposed exported from the Philippines soared to X square meters, picking up by 50% against 2020 figures. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 2,221%. The exports peaked at X square meters in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, photographic film exports soared to $X in 2021. Over the period under review, exports posted resilient growth. The pace of growth was the most pronounced in 2013 when exports increased by 845% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X square meters) was the main destination for photographic film exports from the Philippines, accounting for a 97% share of total exports. It was followed by the United States (X square meters), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to New Zealand totaled +28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.9% per year) and Micronesia (-52.0% per year).

In value terms, New Zealand ($X) remains the key foreign market for photographic plates and film, photographic paper, paperboard and textiles and instant print film, sensitized, unexposed exports from the Philippines, comprising 48% of total exports. The second position in the ranking was held by the United States ($X), with a 2.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to New Zealand stood at +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.0% per year) and Micronesia (-25.5% per year).

Export Prices by Country

The average photographic film export price stood at $X per square meter in 2021, with a decrease of -6.7% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2019 an increase of 112%. The export price peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Micronesia ($X per square meter), while the average price for exports to New Zealand ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Micronesia (+55.1%), while the prices for the other major destinations experienced mixed trend patterns.

Photographic Film Imports

Imports into the Philippines

In 2021, approx. X square meters of photographic plates and film, photographic paper, paperboard and textiles and instant print film, sensitized, unexposed were imported into the Philippines; increasing by 150% compared with the previous year's figure. In general, imports recorded measured growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, photographic film imports surged to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X square meters) constituted the largest photographic film supplier to the Philippines, accounting for a 62% share of total imports. Moreover, photographic film imports from China exceeded the figures recorded by the second-largest supplier, Japan (X square meters), threefold. The third position in this ranking was taken by Hong Kong SAR (X square meters), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+20.2% per year) and Hong Kong SAR (-1.8% per year).

In value terms, the largest photographic film suppliers to the Philippines were Japan ($X), China ($X) and Hong Kong SAR ($X), together accounting for 82% of total imports. These countries were followed by the United States, Taiwan (Chinese), Malaysia, Belgium and the Netherlands, which together accounted for a further 9.1%.

Taiwan (Chinese), with a CAGR of +27.1%, saw the highest rates of growth with regard to 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 2021, the average photographic film import price amounted to $X per square meter, which is down by -40.6% against the previous year. In general, the import price continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2017 an increase of 26%. The import price peaked at $X per square meter in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :