Report Update Nov 1, 2024

Philippines - Roundwood (Coniferous) - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in the Philippines

The Philippine coniferous roundwood market expanded modestly to $X in 2022, rising by 4.3% against the previous year. In general, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.7% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Coniferous Roundwood Production in the Philippines

In value terms, coniferous roundwood production rose modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Coniferous Roundwood Exports

Exports from the Philippines

In 2020, overseas shipments of roundwood (coniferous) decreased by 0% to X cubic meters for the first time since 2017, thus ending a two-year declining trend. In general, exports saw a dramatic downturn. The smallest decline of -5.6% was in 2013. The exports peaked at X cubic meters in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

In value terms, coniferous roundwood exports totaled $X in 2020. Overall, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2013 when exports increased by 2.3% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

China (X cubic meters) was the main destination for coniferous roundwood exports from the Philippines, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to China stood at -40.7%.

From 2012 to 2020, the average annual growth rate of value to China totaled -37.1%.

Export Prices by Country

The average coniferous roundwood export price stood at $X per cubic meter in 2020, almost unchanged from the previous year. Overall, the export price recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 8.7%. The export price peaked in 2020 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2020, the rate of growth in terms of prices for China amounted to +6.2% per year.

Coniferous Roundwood Imports

Imports into the Philippines

For the third year in a row, the Philippines recorded growth in purchases abroad of roundwood (coniferous), which increased by 10% to X cubic meters in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 1,425%. As a result, imports attained the peak of X cubic meters. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, coniferous roundwood imports surged to $X in 2022. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 915%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X cubic meters) was the main coniferous roundwood supplier to the Philippines, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +86.4%.

In value terms, the United States ($X) constituted the largest supplier of roundwood (coniferous) to the Philippines.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +84.8%.

Import Prices by Country

In 2022, the average coniferous roundwood import price amounted to $X per cubic meter, rising by 4.8% against the previous year. Overall, the import price, however, recorded a deep contraction. The pace of growth was the most pronounced in 2015 when the average import price increased by 166% against the previous year. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -0.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for roundwood (coniferous) in the world?

The countries with the highest volumes of coniferous roundwood consumption in 2021 were the United States, China and Russia, together comprising 46% of global consumption.

What are the largest producers of roundwood (coniferous) in the world?

The countries with the highest volumes of coniferous roundwood production in 2021 were the United States, Russia and Canada, with a combined 44% share of global production. These countries were followed by China, Sweden, Germany, Finland, New Zealand, Brazil, Poland, the Czech Republic, Chile and Japan, which together accounted for a further 34%.

What are the leading suppliers of roundwood (coniferous) to the Philippines?

In value terms, the United States constituted the largest supplier of coniferous roundwood to the Philippines, comprising 69% of total imports. The second position in the ranking was occupied by Malaysia, with a 13% share of total imports. It was followed by Australia, with a 6.2% share.

What are the leading importers of roundwood (coniferous) from the Philippines?

In value terms, China remains the key foreign market for coniferous roundwood exports from the Philippines.

What is the average export price for roundwood (coniferous) in the Philippines?

In 2021, the average coniferous roundwood export price amounted to $92 per cubic meter, surging by 17% against the previous year.

What is the average import price for roundwood (coniferous) in the Philippines?

The average coniferous roundwood import price stood at $63 per cubic meter in 2021, picking up by 20% against the previous year.

This report provides an in-depth analysis of the coniferous roundwood market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1862 -

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023