Philippines: Semi-Chemical Wood Pulp Market 2025

Semi-Chemical Wood Pulp Market Size in the Philippines

In 2022, the Philippine semi-chemical wood pulp market decreased by -16.9% to $X, falling for the second year in a row after two years of growth. Overall, consumption continues to indicate a noticeable shrinkage. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Semi-Chemical Wood Pulp Production in the Philippines

In value terms, semi-chemical wood pulp production reduced slightly to $X in 2022 estimated in export price. In general, production, however, showed a perceptible curtailment. The pace of growth was the most pronounced in 2015 when the production volume increased by 30%. Semi-chemical wood pulp production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Semi-Chemical Wood Pulp Exports

Exports from the Philippines

In 2014, semi-chemical wood pulp exports from the Philippines shrank to X tons, therefore, remained relatively stable against 2013 figures. Over the period under review, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X tons in 2013, and then fell modestly in the following year.

In value terms, semi-chemical wood pulp exports shrank to $X in 2014. In general, exports saw a abrupt descent. The exports peaked at $X in 2013, and then shrank in the following year.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for semi-chemical wood pulp exports from the Philippines, with a 87% share of total exports. Moreover, semi-chemical wood pulp exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, China (X tons), sevenfold.

From 2013 to 2014, the average annual rate of growth in terms of volume to Taiwan (Chinese) amounted to -6.2%.

In value terms, the largest markets for semi-chemical wood pulp exported from the Philippines were Taiwan (Chinese) ($X) and China ($X).

Among the main countries of destination, China, with a CAGR of +6.6%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2014, the average semi-chemical wood pulp export price amounted to $X per ton, waning by -9.8% against the previous year. In general, the export price saw a abrupt setback. Over the period under review, the average export prices hit record highs at $X per ton in 2013, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Taiwan (Chinese) stood at $X per ton.

From 2013 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (-12.2%).

Semi-Chemical Wood Pulp Imports

Imports into the Philippines

In 2022, purchases abroad of semi-chemical wood pulp decreased by -98.4% to X kg, falling for the second consecutive year after two years of growth. In general, imports showed a precipitous descent. The growth pace was the most rapid in 2014 when imports increased by 267% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, semi-chemical wood pulp imports dropped notably to $X in 2022. Over the period under review, imports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2014 when imports increased by 327% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X kg) was the main supplier of semi-chemical wood pulp to the Philippines, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Taiwan (Chinese) amounted to -29.9%.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of semi-chemical wood pulp to the Philippines.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) amounted to -36.1%.

Import Prices by Country

The average semi-chemical wood pulp import price stood at $X per ton in 2022, rising by 14% against the previous year. Over the period under review, the import price, however, saw a noticeable decrease. The growth pace was the most rapid in 2018 an increase of 55%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -2.0% per year.

Source: IndexBox Platform

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