Philippines: Wood Fuel (Non-Coniferous) Market 2021

Wood Fuel (Non-Coniferous) Market Size in the Philippines

The Philippine wood fuel (non-coniferous) market dropped to $X in 2020, with a decrease of -X% against the previous year. In general, consumption continues to indicate a slight contraction. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Wood Fuel (Non-Coniferous) Production in the Philippines

In value terms, wood fuel (non-coniferous) production shrank to $X in 2020 estimated in export prices. Over the period under review, production saw a pronounced downturn. The growth pace was the most rapid in 2018 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. from 2019 to 2020, production growth failed to regain the momentum.

Wood Fuel (Non-Coniferous) Exports

Exports from the Philippines

In 2020, shipments abroad of wood fuel (non-coniferous) increased by X% to X cubic meters, rising for the second consecutive year after five years of decline. In general, exports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. As a result, exports reached the peak of X cubic meters. from 2010 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, wood fuel (non-coniferous) exports soared to $X in 2020. Over the period under review, exports, however, recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

The U.S. (X cubic meters) was the main destination for wood fuel (non-coniferous) exports from the Philippines, accounting for a X% share of total exports. Moreover, wood fuel (non-coniferous) exports to the U.S. exceeded the volume sent to the second major destination, Japan (X cubic meters), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume to the U.S. was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-X% per year) and Italy (-X% per year).

In value terms, the U.S. ($X) remains the key foreign market for wood fuel (non-coniferous) exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to the U.S. was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-X% per year) and Italy (+X% per year).

Export Prices by Country

The average wood fuel (non-coniferous) export price stood at $X per cubic meter in 2020, reducing by -X% against the previous year. Over the period under review, the export price saw a slight curtailment. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per cubic meter in 2017; however, from 2018 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Japan ($X per cubic meter), while the average price for exports to the U.S. ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced more modest paces of growth.

Wood Fuel (Non-Coniferous) Imports

Imports into the Philippines

After three years of growth, supplies from abroad of wood fuel (non-coniferous) decreased by -X% to X cubic meters in 2020. In general, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2019, and then dropped remarkably in the following year.

In value terms, wood fuel (non-coniferous) imports contracted markedly to $X in 2020. Over the period under review, imports, however, saw a strong increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Imports peaked at $X in 2019, and then fell markedly in the following year.

Imports by Country

In 2020, China (X cubic meters) constituted the largest supplier of wood fuel (non-coniferous) to the Philippines, accounting for a X% share of total imports. Moreover, wood fuel (non-coniferous) imports from China exceeded the figures recorded by the second-largest supplier, the U.S. (X cubic meters), twofold. The third position in this ranking was occupied by Indonesia (X cubic meters), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Indonesia (-X% per year).

In value terms, China ($X) constituted the largest supplier of wood fuel (non-coniferous) to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Japan (+X% per year).

Import Prices by Country

In 2020, the average wood fuel (non-coniferous) import price amounted to $X per cubic meter, surging by X% against the previous year. In general, import price indicated measured growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wood fuel (non-coniferous) import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Japan ($X per cubic meter), while the price for Thailand ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform