Philippines: Playing Cards Market 2024

Playing Cards Market Size in the Philippines

The Philippine playing cards market surged to $X in 2022, increasing by 50% 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). Overall, consumption enjoyed a prominent expansion. Playing cards consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Playing Cards Exports

Exports from the Philippines

In 2022, overseas shipments of playing cards decreased by -91.9% to X kg, falling for the third year in a row after two years of growth. Over the period under review, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2019 when exports increased by 5,709% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, playing cards exports shrank markedly to $X in 2022. In general, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 5,657% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Oman (X kg) was the main destination for playing cards exports from the Philippines, with a 80% share of total exports. Moreover, playing cards exports to Oman exceeded the volume sent to the second major destination, the United States (X kg), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-5.0% per year) and Hong Kong SAR (-33.5% per year).

In value terms, Oman ($X) emerged as the key foreign market for playing cards exports from the Philippines, comprising 80% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+4.7% per year) and Hong Kong SAR (-31.2% per year).

Export Prices by Country

The average playing cards export price stood at $X per ton in 2022, shrinking by -23.7% against the previous year. Over the period under review, the export price, however, saw perceptible growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 136%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then declined notably in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Playing Cards Imports

Imports into the Philippines

In 2022, supplies from abroad of playing cards was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded mild growth. The most prominent rate of growth was recorded in 2014 with an increase of 80%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, playing cards imports surged to $X in 2022. Over the period under review, imports posted a remarkable increase. The pace of growth was the most pronounced in 2014 when imports increased by 66%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Singapore (X tons) constituted the largest supplier of playing cards to the Philippines, accounting for a 89% share of total imports. Moreover, playing cards imports from Singapore exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was taken by the United States (X tons), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore stood at +77.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.7% per year) and the United States (+16.4% per year).

In value terms, Singapore ($X) constituted the largest supplier of playing cards to the Philippines, comprising 89% of total imports. The second position in the ranking was taken by China ($X), with a 5.4% share of total imports. It was followed by the United States, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from Singapore totaled +124.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.8% per year) and the United States (+21.3% per year).

Import Prices by Country

In 2022, the average playing cards import price amounted to $X per ton, approximately equating the previous year. In general, the import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2018 an increase of 52% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per ton) and the United States ($X per ton), while the price for Austria ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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