Philippines: Market for Uncoated Mechanical Printing and Writing Papers 2024

Market Size for Uncoated Mechanical Printing and Writing Papers in the Philippines

The Philippine market for uncoated mechanical printing and writing papers contracted significantly to $X in 2021, waning by -87.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a sharp slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Uncoated Mechanical Printing and Writing Papers

Exports from the Philippines

In 2021, exports of uncoated mechanical printing and writing papers from the Philippines skyrocketed to X tons, rising by 29% against 2020 figures. Overall, exports showed prominent growth. The growth pace was the most rapid in 2019 with an increase of 183%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, exports of uncoated mechanical printing and writing papers soared to $X in 2021. Over the period under review, exports, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 171% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons) was the main destination for exports of uncoated mechanical printing and writing papers from the Philippines, with a 63% share of total exports. Moreover, exports of uncoated mechanical printing and writing papers to Vietnam exceeded the volume sent to the second major destination, Papua New Guinea (X tons), fourfold. The United States (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam totaled +36.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+47.2% per year) and the United States (+69.9% per year).

In value terms, Vietnam ($X), Papua New Guinea ($X) and the United States ($X) constituted the largest markets for uncoated mechanical printing and writing papers exported from the Philippines worldwide, with a combined 87% share of total exports.

The United States, with a CAGR of +25.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for uncoated mechanical printing and writing papers stood at $X per ton in 2021, which is down by -11.2% against the previous year. In general, the export price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the average export price increased by 35%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (-17.0%), while the prices for the other major destinations experienced a decline.

Imports of Uncoated Mechanical Printing and Writing Papers

Imports into the Philippines

In 2021, imports of uncoated mechanical printing and writing papers into the Philippines reduced remarkably to X tons, dropping by -85.3% against 2020. Over the period under review, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 748%. Imports peaked at X tons in 2020, and then shrank dramatically in the following year.

In value terms, imports of uncoated mechanical printing and writing papers dropped sharply to $X in 2021. In general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 647%. Over the period under review, imports of reached the maximum at $X in 2020, and then contracted dramatically in the following year.

Imports by Country

France (X tons), the UK (X tons) and Indonesia (X tons) were the main suppliers of imports of uncoated mechanical printing and writing papers to the Philippines, together comprising 46% of total imports. These countries were followed by China, Sweden, Italy, Spain, Germany, India, Canada, Japan, Israel and South Africa, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +148.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest uncoated mechanical printing and writing papers suppliers to the Philippines were the UK ($X), France ($X) and Italy ($X), with a combined 54% share of total imports. These countries were followed by China, Indonesia, Spain, Sweden, Japan, India, Canada, Germany, Israel and South Africa, which together accounted for a further 27%.

Among the main suppliers, Spain, with a CAGR of +127.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for uncoated mechanical printing and writing papers amounted to $X per ton, waning by -21% against the previous year. Over the period under review, the import price, however, recorded a resilient increase. The pace of growth was the most pronounced in 2019 an increase of 100% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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