Philippines: Smoking Pipe Market 2024

Smoking Pipe Market Size in the Philippines

The Philippine smoking pipe market amounted to less than $X in 2022, almost unchanged from the previous year. Overall, consumption saw a significant contraction. The pace of growth appeared the most rapid in 2016 when the market value decreased by 99.9% against the previous year. Smoking pipe consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Smoking Pipe Production in the Philippines

In value terms, smoking pipe production amounted to less than $X in 2022 estimated in export price. Overall, production recorded a sharp slump. The most prominent rate of growth was recorded in 2014 when the production volume decreased by -15.9%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Smoking Pipe Exports

Exports from the Philippines

In 2015, after two years of decline, there was decline in overseas shipments of smoking pipes and cigar or cigarette holders, when their volume decreased by 0% to X kg. Over the period under review, exports recorded a dramatic downturn. The smallest decline of 99.9% was in 2013. Over the period under review, the exports attained the maximum at X kg in 2012; however, from 2013 to 2015, the exports failed to regain momentum.

In value terms, smoking pipe exports amounted to $X in 2015. In general, exports continue to indicate a sharp decrease. The smallest decline of 99.9% was in 2013. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2015, the exports stood at a somewhat lower figure.

Exports by Country

Palau (X kg) and Denmark (X kg) were the main destinations of smoking pipe exports from the Philippines.

From 2012 to 2015, the biggest increases were recorded for Denmark (with a CAGR of 0.0%).

In value terms, Palau ($X) and Denmark ($X) constituted the largest markets for smoking pipe exported from the Philippines worldwide. Moreover, smoking pipe exports in Palau exceeded the figures recorded by the second-largest exporter, Denmark, twofold.

In terms of the main countries of destination, Denmark, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2015, the average smoking pipe export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2015, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2015, amid the top suppliers, the country with the highest price was Palau ($X per ton), while the average price for exports to Denmark totaled $X per ton.

From 2012 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to Palau (-28.6%).

Smoking Pipe Imports

Imports into the Philippines

In 2015, supplies from abroad of smoking pipes and cigar or cigarette holders was finally on the rise to reach X tons for the first time since 2012, thus ending a two-year declining trend. Over the period under review, total imports indicated strong growth from 2012 to 2015: its volume increased at an average annual rate of +10.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, smoking pipe imports surged to $X in 2015. In general, imports, however, continue to indicate a abrupt curtailment. Imports peaked at $X in 2012; however, from 2013 to 2015, imports remained at a lower figure.

Imports by Country

In 2015, Japan (X tons) constituted the largest supplier of smoking pipe to the Philippines, with a 71% share of total imports. Moreover, smoking pipe imports from Japan exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2015, the average annual growth rate of volume from Japan stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (0.0% per year) and Italy (+36.0% per year).

In value terms, Japan ($X) constituted the largest supplier of smoking pipes and cigar or cigarette holders to the Philippines, comprising 98% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 1.1% share of total imports. It was followed by Italy, with a 0.7% share.

From 2012 to 2015, the average annual rate of growth in terms of value from Japan stood at -15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (0.0% per year) and Italy (+28.8% per year).

Import Prices by Country

In 2015, the average smoking pipe import price amounted to $X per ton, which is down by -17.4% against the previous year. Over the period under review, the import price showed a precipitous decline. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2015, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2015, the most notable rate of growth in terms of prices was attained by China (-3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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