Philippines: Market for Porcelain Or China Tableware And Kitchenware 2024

Market Size for Porcelain Or China Tableware And Kitchenware in the Philippines

In 2022, the Philippine porcelain tableware and kitchenware market increased by 17% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, showed a drastic downturn. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Exports of Porcelain Or China Tableware And Kitchenware

Exports from the Philippines

In 2022, shipments abroad of porcelain or china tableware and kitchenware decreased by -68.4% to X tons, falling for the second consecutive year after two years of growth. In general, exports recorded a deep setback. The growth pace was the most rapid in 2016 when exports increased by 7,693%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, porcelain tableware and kitchenware exports declined significantly to $X in 2022. Overall, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 21,936%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X tons) was the main destination for porcelain tableware and kitchenware exports from the Philippines, accounting for a 39% share of total exports. Moreover, porcelain tableware and kitchenware exports to Thailand exceeded the volume sent to the second major destination, the United States (X kg), threefold. Guam (X kg) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand stood at +128.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.8% per year) and Guam (+54.5% per year).

In value terms, Thailand ($X) emerged as the key foreign market for porcelain or china tableware and kitchenware exports from the Philippines, comprising 39% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports. It was followed by Guam, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Thailand totaled +132.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+11.0% per year) and Guam (+62.1% per year).

Export Prices by Country

In 2022, the average porcelain tableware and kitchenware export price amounted to $X per ton, with a decrease of -24.2% against the previous year. Over the period under review, the export price, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 183%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then declined dramatically in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were South Korea ($X per ton) and Canada ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+46.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Porcelain Or China Tableware And Kitchenware

Imports into the Philippines

In 2022, supplies from abroad of porcelain or china tableware and kitchenware increased by 22% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 39%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, porcelain tableware and kitchenware imports soared to $X in 2022. Over the period under review, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 66%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest porcelain tableware and kitchenware supplier to the Philippines, accounting for a 73% share of total imports. Moreover, porcelain tableware and kitchenware imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+22.6% per year) and Sri Lanka (+2.7% per year).

In value terms, China ($X) constituted the largest supplier of porcelain or china tableware and kitchenware to the Philippines, comprising 74% of total imports. The second position in the ranking was taken by Japan ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+21.3% per year) and Sri Lanka (+1.6% per year).

Import Prices by Country

In 2022, the average porcelain tableware and kitchenware import price amounted to $X per ton, declining by -4.9% against the previous year. In general, the import price, however, continues to indicate a significant increase. The growth pace was the most rapid in 2020 when the average import price increased by 105% against the previous year. The import price peaked at $X per ton in 2021, and then reduced slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+30.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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