Philippines: Wood Residues Market 2022

Wood Residues Market Size in the Philippines

In 2020, the Philippine wood residues market decreased by -X% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. from 2013 to 2020, the growth of the market failed to regain the momentum.

Wood Residues Production in the Philippines

In value terms, wood residues production amounted to $X in 2020 estimated in export prices. Over the period under review, production recorded a mild reduction. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. from 2013 to 2020, production growth remained at a somewhat lower figure.

Wood Residues Exports

Exports from the Philippines

In 2020, overseas shipments of wood residues increased by X% to X cubic meters, rising for the third year in a row after two years of decline. Overall, exports posted a temperate expansion. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. As a result, exports reached the peak of X cubic meters. from 2012 to 2020, the growth exports remained at a lower figure.

In value terms, wood residues exports declined to $X in 2020. Over the period under review, exports saw a deep downturn. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

Germany (X cubic meters), Poland (X cubic meters) and Ukraine (X cubic meters) were the main destinations of wood residues exports from the Philippines, with a combined X% share of total exports. Austria, Belgium, France, Norway, Belarus, Spain, Croatia, Vietnam, the Czech Republic and Canada lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Vietnam, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Ukraine ($X) appeared to be the largest markets for wood residues exported from the Philippines worldwide, together comprising X% of total exports. These countries were followed by Canada, Austria, Vietnam, Spain, Poland, France, Norway, the Czech Republic, Croatia and Belarus, which together accounted for a further X saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2020, the average wood residues export price amounted to $X per cubic meter, with a decrease of -X% against the previous year. In general, the export price faced a deep slump. The pace of growth was the most pronounced in 2012 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per cubic meter. from 2013 to 2020, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Canada ($X per cubic meter), while the average price for exports to Belarus ($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 Norway, while the prices for the other major destinations experienced a decline.

Wood Residues Imports

Imports into the Philippines

In 2020, supplies from abroad of wood residues decreased by -X% to X cubic meters, falling for the twelfth consecutive year after two years of growth. In general, imports showed a pronounced reduction. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. As a result, imports reached the peak of X cubic meters. from 2009 to 2020, the growth imports remained at a lower figure.

In value terms, wood residues imports fell to $X in 2020. Over the period under review, imports saw a perceptible decline. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. from 2009 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

France (X cubic meters), Austria (X cubic meters) and Belgium (X cubic meters) were the main suppliers of wood residues imports to the Philippines, with a combined X% share of total imports. Germany, Italy, Norway, Canada, Sweden, the Netherlands, Poland, the U.S., Slovakia and Estonia lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Slovakia, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood residues suppliers to the Philippines were France ($X), Austria ($X) and Germany ($X), together accounting for X% of total imports. Belgium, the U.S., Norway, Italy, the Netherlands, Canada, Poland, Sweden, Slovakia and Estonia lagged somewhat behind, together accounting for a further X the main suppliers, Norway 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

The average wood residues import price stood at $X per cubic meter in 2020, approximately reflecting the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. As a result, import price reached the peak level of $X per cubic meter. from 2010 to 2020, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per cubic meter), while the price for Canada ($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 Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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