Philippines: Tissue Paper Market 2024

Tissue Paper Market Size in the Philippines

The Philippine tissue paper market surged to $X in 2022, growing by 51% against the previous year. In general, consumption saw a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Tissue Paper Production in the Philippines

In value terms, tissue paper production dropped dramatically to $X in 2022 estimated in export price. Overall, production recorded a pronounced downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 130%. Tissue paper production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Tissue Paper Exports

Exports from the Philippines

In 2022, shipments abroad of toilet or facial tissue stock, towel and similar paper increased by 34% to X tons, rising for the second consecutive year after two years of decline. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2014 with an increase of 604%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, tissue paper exports skyrocketed to $X in 2022. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 681% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for tissue paper exports from the Philippines, accounting for a 79% share of total exports. Moreover, tissue paper exports to Malaysia exceeded the volume sent to the second major destination, Thailand (X tons), more than tenfold. The United States (X tons) ranked third in terms of total exports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at +61.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+29.2% per year) and the United States (+84.1% per year).

In value terms, Malaysia ($X) remains the key foreign market for toilet or facial tissue stock, towel and similar paper exports from the Philippines, comprising 79% of total exports. The second position in the ranking was taken by Thailand ($X), with a 6.6% share of total exports. It was followed by the United States, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia stood at +68.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+55.3% per year) and the United States (+70.8% per year).

Export Prices by Country

In 2022, the average tissue paper export price amounted to $X per ton, picking up by 29% against the previous year. Overall, the export price, however, saw a mild decline. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($X per ton) and Australia ($X per ton), while the average price for exports to Thailand ($X per ton) and Malaysia ($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 (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tissue Paper Imports

Imports into the Philippines

After two years of decline, supplies from abroad of toilet or facial tissue stock, towel and similar paper increased by 26% to X tons in 2022. Overall, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 29%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, tissue paper imports soared to $X in 2022. In general, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest tissue paper supplier to the Philippines, with a 82% share of total imports. Moreover, tissue paper imports from Indonesia exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold. The third position in this ranking was held by China (X tons), with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia amounted to +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+7.4% per year) and China (+0.6% per year).

In value terms, Indonesia ($X) constituted the largest supplier of toilet or facial tissue stock, towel and similar paper to the Philippines, comprising 82% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 7.2% share of total imports. It was followed by China, with a 7% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+12.6% per year) and China (+9.0% per year).

Import Prices by Country

In 2022, the average tissue paper import price amounted to $X per ton, increasing by 36% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tissue paper import price increased by +70.3% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per ton) and Indonesia ($X per ton), while the price for China ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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