Price for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in the Philippines - 2023
Contents:
- Price for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in the Philippines (CIF) - 2022
- Price for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in the Philippines (FOB) - 2022
- Imports of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in the Philippines
- Exports of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in the Philippines
Price for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in the Philippines (CIF) - 2022
The average import price for wood; assembled flooring panels, other than multilayer or mosaic stood at $2,763 per ton in 2022, flattening at the previous year. Over the period under review, import price indicated a remarkable increase from 2017 to 2022: its price increased at an average annual rate of +12.0% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for wood; assembled flooring panels, other than multilayer or mosaic decreased by -2.3% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 59%. As a result, import price reached the peak level of $2,829 per ton; afterwards, it flattened through to 2022.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($2,857 per ton), while the price for New Zealand ($267 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in the Philippines (FOB) - 2022
The average export price for wood; assembled flooring panels, other than multilayer or mosaic stood at $2,828 per ton in 2022, shrinking by -3.8% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the average export price increased by 84%. As a result, the export price reached the peak level of $4,231 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($5,084 per ton), while the average price for exports to the United States ($2,593 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+47.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in the Philippines
In 2022, imports of wood; assembled flooring panels, other than multilayer or mosaic into the Philippines skyrocketed to 2K tons, rising by 53% on 2021. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 60% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of wood; assembled flooring panels, other than multilayer or mosaic surged to $5.4M in 2022. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,252 | 1,124 | 2,374 | 3,736 | 44.0% |
| Malaysia | 321 | 117 | 121 | 285 | -3.9% |
| Belgium | 454 | 277 | 239 | 217 | -21.8% |
| Vietnam | 35.6 | 66.5 | 134 | 211 | 81.0% |
| Denmark | 24.8 | 23.7 | 130 | 205 | 102.2% |
| South Korea | 63.8 | 205 | 165 | 152 | 33.6% |
| Netherlands | 50.1 | 71.2 | 38.4 | 127 | 36.4% |
| Indonesia | 21.3 | 43.4 | 79.1 | 125 | 80.4% |
| Singapore | 50.4 | 38.1 | 40.7 | 64.1 | 8.3% |
| New Zealand | 12.7 | 9.1 | 9.1 | 12.7 | 0.0% |
| Australia | 367 | N/A | 1.4 | N/A | -93.8% |
| Others | 209 | 140 | 229 | 287 | 11.2% |
| Total | 2,861 | 2,114 | 3,562 | 5,422 | 23.8% |
Top Suppliers of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic to the Philippines in 2022:
- China (1317.1 tons)
- Malaysia (101.6 tons)
- Belgium (76.1 tons)
- Vietnam (74.4 tons)
- Denmark (72.4 tons)
- South Korea (56.4 tons)
- New Zealand (47.7 tons)
- Netherlands (44.4 tons)
- Indonesia (43.9 tons)
- Singapore (37.8 tons)
Exports of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in the Philippines
In 2022, shipments abroad of wood; assembled flooring panels, other than multilayer or mosaic decreased by -0.6% to 12 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 when exports increased by 7.2% against the previous year.
In value terms, exports of wood; assembled flooring panels, other than multilayer or mosaic reduced modestly to $33K in 2022. The total export value increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 9.4% against the previous year.
| Export of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.8 | 24.1 | 27.6 | 27.1 | 31.9% |
| Singapore | 3.0 | 5.4 | 5.4 | 4.6 | 15.3% |
| Maldives | 0.9 | 1.7 | 1.8 | 1.6 | 21.1% |
| Israel | 11.9 | N/A | N/A | N/A | 0% |
| Others | 1.3 | 0.5 | N/A | N/A | -61.5% |
| Total | 29.0 | 31.7 | 34.7 | 33.2 | 4.6% |
Top Export Markets for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic from the Philippines in 2022:
- United States (10.4 tons)
- Singapore (0.9 tons)
- Maldives (0.4 tons)
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