Philippines: Market for Uncoated Wood Free Printing and Writing Papers 2024

Market Size for Uncoated Wood Free Printing and Writing Papers in the Philippines

The Philippine market for uncoated wood free printing and writing papers skyrocketed to $X in 2021, picking up by 30% against the previous year. The market value increased at an average annual rate of +6.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Production of Uncoated Wood Free Printing and Writing Papers in the Philippines

In value terms, production of uncoated wood free printing and writing papers soared to $X in 2021 estimated in export price. In general, production recorded modest growth. The most prominent rate of growth was recorded in 2018 with an increase of 147% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth remained at a somewhat lower figure.

Exports of Uncoated Wood Free Printing and Writing Papers

Exports from the Philippines

In 2021, approx. X tons of uncoated wood free printing and writing papers were exported from the Philippines; waning by -60.3% compared with the previous year. Over the period under review, exports showed a dramatic shrinkage. The smallest decline of -3.3% was in 2014. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of uncoated wood free printing and writing papers reduced remarkably to $X in 2021. Overall, exports recorded a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 122% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons), Nigeria (X tons) and China (X tons) were the main destinations of exports of uncoated wood free printing and writing papers from the Philippines, with a combined 81% share of total exports. Vietnam, Hong Kong SAR and Japan lagged somewhat behind, together comprising a further 13%.

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 +56.2%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for uncoated wood free printing and writing paper exported from the Philippines were Japan ($X), Taiwan (Chinese) ($X) and Nigeria ($X), together accounting for 79% of total exports. These countries were followed by China, Hong Kong SAR and Vietnam, which together accounted for a further 8.4%.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +44.2%, 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

The average export price for uncoated wood free printing and writing papers stood at $X per ton in 2021, increasing by 104% against the previous year. Overall, the export price posted a resilient expansion. The growth pace was the most rapid in 2018 an increase of 147%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Vietnam ($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 Japan (+31.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Uncoated Wood Free Printing and Writing Papers

Imports into the Philippines

In 2021, the amount of uncoated wood free printing and writing papers imported into the Philippines soared to X tons, rising by 17% against 2020 figures. In general, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of 79% against the previous year. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, imports of uncoated wood free printing and writing papers soared to $X in 2021. Over the period under review, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 42%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest uncoated wood free printing and writing paper supplier to the Philippines, with a 66% share of total imports. Moreover, imports of uncoated wood free printing and writing papers from Indonesia exceeded the figures recorded by the second-largest supplier, Singapore (X tons), ninefold. Thailand (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia stood at +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+11.1% per year) and Thailand (+24.1% per year).

In value terms, Indonesia ($X) constituted the largest supplier of uncoated wood free printing and writing papers to the Philippines, comprising 64% of total imports. The second position in the ranking was held by Singapore ($X), with a 7.1% share of total imports. It was followed by Thailand, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from Indonesia stood at +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+13.0% per year) and Thailand (+27.5% per year).

Import Prices by Country

The average import price for uncoated wood free printing and writing papers stood at $X per ton in 2021, increasing by 5% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 14% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Japan ($X per ton) and China ($X per ton), while the price for Thailand ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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