Philippines: Recovered Paper Market 2025

Recovered Paper Market Size in the Philippines

The Philippine recovered paper market fell slightly to $X in 2022, declining by -4.3% against the previous year. Over the period under review, consumption recorded a slight reduction. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Recovered Paper Production in the Philippines

In value terms, recovered paper production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable downturn. The growth pace was the most rapid in 2017 with an increase of 27% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Recovered Paper Exports

Exports from the Philippines

In 2022, shipments abroad of recovered paper increased by 12% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports showed mild growth. The pace of growth was the most pronounced in 2016 when exports increased by 159%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, recovered paper exports soared to $X in 2022. Overall, exports posted a tangible increase. The pace of growth was the most pronounced in 2016 with an increase of 172%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons), Thailand (X tons) and Vietnam (X tons) were the main destinations of recovered paper exports from the Philippines, together accounting for 80% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +49.7%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Vietnam ($X) and Thailand ($X) appeared to be the largest markets for recovered paper exported from the Philippines worldwide, together accounting for 80% of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +47.3%, recorded the highest growth rate of 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 2022, the average recovered paper export price amounted to $X per ton, growing by 7% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, recovered paper export price increased by +74.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 63%. The export price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($X per ton) and Thailand ($X per ton), while the average price for exports to South Korea ($X per ton) and Taiwan (Chinese) ($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 Thailand (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Recovered Paper Imports

Imports into the Philippines

In 2022, purchases abroad of recovered paper decreased by -24.7% to X tons, falling for the fourth consecutive year after five years of growth. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 76%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, recovered paper imports reduced to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 91% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Hong Kong SAR (X tons), the UK (X tons) and South Korea (X tons) were the main suppliers of recovered paper imports to the Philippines, with a combined 65% share of total imports. Italy, Spain, the Netherlands, Taiwan (Chinese), the United States, Japan, Thailand and Singapore lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +262.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest recovered paper suppliers to the Philippines were Hong Kong SAR ($X), the UK ($X) and South Korea ($X), together accounting for 65% of total imports. Italy, Spain, the Netherlands, Taiwan (Chinese), the United States, Japan, Thailand and Singapore lagged somewhat behind, together comprising a further 29%.

In terms of the main suppliers, Spain, with a CAGR of +205.5%, 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 2022, the average recovered paper import price amounted to $X per ton, surging by 13% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 17% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($X per ton) and Japan ($X per ton), while the price for Thailand ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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