Philippines - Wrapping Papers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWrapping Papers Price in the Philippines - 2023
Contents:
- Wrapping Papers Price in the Philippines (CIF) - 2023
- Wrapping Papers Price in the Philippines (FOB) - 2022
- Wrapping Papers Imports in the Philippines
- Wrapping Papers Exports in the Philippines
Wrapping Papers Price in the Philippines (CIF) - 2023
The average wrapping papers import price stood at $1,544 per ton in June 2023, shrinking by -3.5% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 12% against the previous month. As a result, import price reached the peak level of $1,600 per ton, and then reduced in the following month.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from China ($1,874 per ton) and Malaysia ($1,760 per ton), while the price for the United States ($1,290 per ton) and the Czech Republic ($1,386 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Korea (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Wrapping Papers Price in the Philippines (FOB) - 2022
In 2022, the average wrapping papers export price amounted to $1,380 per ton, surging by 14% against the previous year. Over the period under review, the export price posted prominent growth. The growth pace was the most rapid in 2021 an increase of 117%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($2,842 per ton), while the average price for exports to Canada ($175 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 Vietnam (+40.1%), while the prices for the other major destinations experienced more modest paces of growth.
Wrapping Papers Imports in the Philippines
For the third consecutive year, the Philippines recorded decline in purchases abroad of wrapping paper, packaging paper and paperboard, which decreased by -3.9% to 30K tons in 2022. Over the period under review, imports saw a sharp setback. The smallest decline of -1.7% was in 2021.
In value terms, wrapping papers imports rose sharply to $45M in 2022. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year.
| Import of Wrapping Papers in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.8 | 4.3 | 5.7 | 8.0 | 11.3% |
| China | 6.9 | 3.9 | 6.8 | 7.7 | 3.7% |
| United States | 4.5 | 2.4 | 3.3 | 5.2 | 4.9% |
| Thailand | 1.4 | 1.2 | 2.2 | 4.1 | 43.1% |
| Malaysia | 3.3 | 2.7 | 2.4 | 3.9 | 5.7% |
| Sweden | 7.3 | 5.2 | 4.7 | 3.7 | -20.3% |
| Taiwan (Chinese) | 2.3 | 3.5 | 5.8 | 3.2 | 11.6% |
| South Korea | 1.5 | 0.7 | 0.7 | 2.1 | 11.9% |
| Vietnam | 3.3 | 1.4 | 0.2 | 1.4 | -24.9% |
| Germany | 3.0 | 1.5 | 0.7 | 0.8 | -35.6% |
| Finland | 1.1 | 0.7 | 0.2 | 0.4 | -28.6% |
| Austria | 1.5 | 0.8 | 0.1 | 0.1 | -59.5% |
| New Zealand | 1.0 | 0.8 | 0.9 | N/A | -5.1% |
| Others | 12.4 | 8.3 | 7.5 | 4.4 | -29.2% |
| Total | 55.4 | 37.3 | 41.2 | 45.0 | -6.7% |
Top Suppliers of Wrapping Papers to the Philippines in 2022:
- Japan (6.1K tons)
- China (4.5K tons)
- United States (4.0K tons)
- Sweden (3.0K tons)
- Thailand (2.8K tons)
- Malaysia (2.3K tons)
- Taiwan (Chinese) (2.0K tons)
- South Korea (1.5K tons)
- Vietnam (1.0K tons)
- Germany (0.4K tons)
- Finland (0.3K tons)
- Austria (0.1K tons)
Wrapping Papers Exports in the Philippines
In 2022, wrapping papers exports from the Philippines surged to 1.7K tons, picking up by 236% against 2021. Overall, exports, however, faced a deep reduction.
In value terms, wrapping papers exports surged to $2.4M in 2022. In general, exports saw a noticeable expansion.
| Export of Wrapping Papers in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 161 | 817 | 320 | 1,612 | 115.5% |
| Vietnam | 264 | 2,013 | 44.2 | 359 | 10.8% |
| South Korea | 0.4 | 61.8 | 189 | 200 | 693.7% |
| Kuwait | 82.1 | 152 | 12.6 | 112 | 10.9% |
| Canada | N/A | 1.5 | N/A | 8.1 | 132.4% |
| Taiwan (Chinese) | 1,327 | 1,128 | 4.8 | 5.7 | -83.7% |
| China | 136 | N/A | N/A | N/A | 0% |
| Others | 108 | 328 | 54.3 | 87.9 | -6.6% |
| Total | 2,079 | 4,502 | 625 | 2,385 | 4.7% |
Top Export Markets for Wrapping Papers from the Philippines in 2022:
- Thailand (1144.8 tons)
- Vietnam (257.8 tons)
- South Korea (143.5 tons)
- Kuwait (85.9 tons)
- Canada (46.1 tons)
- Taiwan (Chinese) (4.1 tons)
This report provides an in-depth analysis of the wrapping papers market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1621 - Wrapping papers
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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