Philippines: Market for Boards, Sheets, Panels, or Tiles of Gypsum or Plaster 2024

Market Size for Boards, Sheets, Panels, or Tiles of Gypsum or Plaster in the Philippines

The Philippine market for boards, sheets, panels, or tiles of gypsum or plaster contracted rapidly to $X in 2022, dropping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a pronounced descent. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Exports of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster

Exports from the Philippines

In 2022, after two years of decline, there was significant growth in overseas shipments of boards, sheets, panels, or tiles of gypsum or plaster, when their volume increased by X% to X square meters. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of boards, sheets, panels, or tiles of gypsum or plaster surged to $X in 2022. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X square meters) was the main destination for exports of boards, sheets, panels, or tiles of gypsum or plaster from the Philippines, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Japan stood at X%.

In value terms, Japan ($X) also remains the key foreign market for boards, sheets, panels, or tiles of gypsum or plaster exports from the Philippines.

From 2012 to 2022, the average annual growth rate of value to Japan stood at X%.

Export Prices by Country

In 2022, the average export price for boards, sheets, panels, or tiles of gypsum or plaster amounted to $X per square meter, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a dramatic setback. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Palau amounted to X% per year.

Imports of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster

Imports into the Philippines

In 2022, the amount of boards, sheets, panels, or tiles of gypsum or plaster imported into the Philippines shrank significantly to X square meters, with a decrease of X% against 2021. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X square meters. From 2018 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of boards, sheets, panels, or tiles of gypsum or plaster fell significantly to $X in 2022. In general, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X square meters) constituted the largest supplier of board, sheet, panel, tile and similar article of plaster to the Philippines, accounting for a X% share of total imports. Moreover, imports of boards, sheets, panels, or tiles of gypsum or plaster from Thailand exceeded the figures recorded by the second-largest supplier, China (X square meters), threefold. Japan (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of boards, sheets, panels, or tiles of gypsum or plaster to the Philippines, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

Import Prices by Country

The average import price for boards, sheets, panels, or tiles of gypsum or plaster stood at $X per square meter in 2022, jumping by X% against the previous year. In general, the import price showed a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per square meter) and China ($X per square meter), while the price for Thailand ($X per square meter) and Indonesia ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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