Philippines: Plastic Container Market 2025

Plastic Container Market Size in the Philippines

In 2021, after three years of growth, there was significant decline in the Philippine plastic container market, when its value decreased by -7.6% to $X. Overall, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +42.1% against 2017 indices. Plastic container consumption peaked at $X in 2020, and then reduced in the following year.

Plastic Container Production in the Philippines

In value terms, plastic container production declined to $X in 2021 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +17.4% against 2016 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 49%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Plastic Container Exports

Exports from the Philippines

In 2021, shipments abroad of plastic containers increased by 85% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2017 when exports increased by 690% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, plastic container exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2013 when exports increased by 154% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Japan (X tons), Hong Kong SAR (X tons) and South Korea (X tons) were the main destinations of plastic container exports from the Philippines, together accounting for 62% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +32.9%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Hong Kong SAR ($X) and Singapore ($X) were the largest markets for plastic container exported from the Philippines worldwide, with a combined 67% share of total exports.

Hong Kong SAR, with a CAGR of +47.4%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average plastic container export price amounted to $X per ton, flattening at the previous year. Over the period under review, the export price, however, continues to indicate noticeable growth. The growth pace was the most rapid in 2018 when the average export price increased by 192% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then declined slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to Vietnam ($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 Hong Kong SAR (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Container Imports

Imports into the Philippines

Plastic container imports into the Philippines surged to X tons in 2021, increasing by 69% compared with 2020. In general, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic container imports surged to $X in 2021. Overall, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by 117% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Japan (X tons) and Malaysia (X tons) were the main suppliers of plastic container imports to the Philippines, together comprising 56% of total imports. These countries were followed by Singapore, South Korea, Taiwan (Chinese), Hong Kong SAR, Thailand and the United States, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +37.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Malaysia ($X) constituted the largest plastic container suppliers to the Philippines, together accounting for 46% of total imports. These countries were followed by Singapore, Hong Kong SAR, Thailand, South Korea, the United States and Taiwan (Chinese), which together accounted for a further 47%.

In terms of the main suppliers, Singapore, with a CAGR of +38.6%, recorded the highest rates of growth with regard to the value of imports, 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 plastic container import price amounted to $X per ton, increasing by 3.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 45% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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