Philippines: Toilet Paper Market 2024

Toilet Paper Market Size in the Philippines

After five years of decline, the Philippine toilet paper market increased by 4.3% to $X in 2021. Overall, consumption, however, saw a perceptible slump. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Toilet Paper Production in the Philippines

In value terms, toilet paper production rose slightly to $X in 2021 estimated in export price. In general, production, however, saw a drastic downturn. The growth pace was the most rapid in 2015 with an increase of 20%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Toilet Paper Exports

Exports from the Philippines

In 2021, shipments abroad of toilet paper decreased by -6.5% to X tons, falling for the fourth year in a row after six years of growth. In general, exports, however, showed a significant expansion. The growth pace was the most rapid in 2015 with an increase of 586% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, toilet paper exports fell to $X in 2021. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 555%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Micronesia (X tons) was the main destination for toilet paper exports from the Philippines, with a 74% share of total exports. Moreover, toilet paper exports to Micronesia exceeded the volume sent to the second major destination, Singapore (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Micronesia amounted to +207.8%.

In value terms, Micronesia ($X) remains the key foreign market for toilet paper exports from the Philippines, comprising 67% of total exports. The second position in the ranking was held by Singapore ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Micronesia stood at +157.0%.

Export Prices by Country

The average toilet paper export price stood at $X per ton in 2021, with a decrease of -6.5% against the previous year. Over the period under review, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 when the average export price decreased by -0.7%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Micronesia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+45.4%), while the prices for the other major destinations experienced a decline.

Toilet Paper Imports

Imports into the Philippines

In 2021, purchases abroad of toilet paper was finally on the rise to reach X tons after three years of decline. In general, imports, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2013 when imports increased by 167% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, toilet paper imports skyrocketed to $X in 2021. Overall, imports enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 158% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of toilet paper to the Philippines, accounting for a 55% share of total imports. Moreover, toilet paper imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. The third position in this ranking was held by Vietnam (X tons), with an 18% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-11.3% per year) and Vietnam (+26.1% per year).

In value terms, China ($X) constituted the largest supplier of toilet paper to the Philippines, comprising 55% of total imports. The second position in the ranking was held by Indonesia ($X), with a 21% share of total imports. It was followed by Vietnam, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-8.9% per year) and Vietnam (+32.8% per year).

Import Prices by Country

In 2021, the average toilet paper import price amounted to $X per ton, surging by 3.2% against the previous year. Overall, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, toilet paper import price increased by +51.8% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 29% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, 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 Thailand ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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