Philippines: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in the Philippines

In 2021, the Philippine plastic household ware market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -18.6% against 2018 indices. Plastic household ware consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Plastic Household Ware Production in the Philippines

In value terms, plastic household ware production soared to $X in 2021 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% 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 decreased by -20.5% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 44%. Plastic household ware production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Plastic Household Ware Exports

Exports from the Philippines

In 2021, the amount of plastics household articles and toilet articles exported from the Philippines skyrocketed to X tons, increasing by 23% compared with the previous year's figure. Over the period under review, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2014 when exports increased by 116%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, plastic household ware exports soared to $X in 2021. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 258%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for plastic household ware exports from the Philippines, with a 66% share of total exports. Moreover, plastic household ware exports to Japan exceeded the volume sent to the second major destination, the United States (X tons), threefold. Australia (X tons) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan stood at +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+14.8% per year) and Australia (+12.1% per year).

In value terms, the largest markets for plastic household ware exported from the Philippines were Japan ($X), the United States ($X) and Canada ($X), with a combined 88% share of total exports.

Among the main countries of destination, Japan, with a CAGR of +30.3%, recorded the highest rates of growth with regard to the value of exports, 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 household ware export price amounted to $X per ton, with an increase of 2.3% against the previous year. In general, the export price posted a perceptible expansion. The pace of growth appeared the most rapid in 2018 an increase of 68%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to Japan ($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 the United States (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Ware Imports

Imports into the Philippines

In 2021, supplies from abroad of plastics household articles and toilet articles increased by 36% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 73%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, plastic household ware imports rose markedly to $X in 2021. Over the period under review, imports posted buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 88% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest plastic household ware supplier to the Philippines, accounting for a 79% share of total imports. Moreover, plastic household ware imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), sevenfold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+11.6% per year) and Taiwan (Chinese) (-1.8% per year).

In value terms, the largest plastic household ware suppliers to the Philippines were China ($X), Thailand ($X) and the United Arab Emirates ($X), together accounting for 87% of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +34.8%, 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 household ware import price amounted to $X per ton, waning by -18.5% against the previous year. Over the period under review, the import price, however, posted resilient growth. The most prominent rate of growth was recorded in 2014 an increase of 76% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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 Thailand (+29.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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