Philippines: Newspaper Market 2024

Newspaper Market Size in the Philippines

The Philippine newspaper market expanded significantly to $X in 2022, rising by X% against the previous year. In general, consumption, however, recorded a perceptible decline. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Newspaper Production in the Philippines

In value terms, newspaper production totaled $X in 2022 estimated in export price. Overall, production, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Newspaper Exports

Exports from the Philippines

In 2022, overseas shipments of newspapers, journals and periodicals increased by X% to X units, rising for the second year in a row after four years of decline. Overall, exports, however, faced a precipitous slump. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, newspaper exports surged to $X in 2022. Over the period under review, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for newspaper exports from the Philippines, accounting for a X% share of total exports. Moreover, newspaper exports to the United Arab Emirates exceeded the volume sent to the second major destination, Japan (X units), fivefold. The United States (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and the United States (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for newspapers, journals and periodicals exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average newspaper export price amounted to $X per unit, waning by X% against the previous year. In general, the export price, however, showed a buoyant increase. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then fell in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Singapore ($X per unit) and Guam ($X per unit), while the average price for exports to Australia ($X per unit) and the United Arab Emirates ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Newspaper Imports

Imports into the Philippines

For the third year in a row, the Philippines recorded decline in purchases abroad of newspapers, journals and periodicals, which decreased by X% to X units in 2022. Over the period under review, imports faced a drastic downturn. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, newspaper imports fell dramatically to $X in 2022. Overall, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), South Korea (X units) and China (X units) were the main suppliers of newspaper imports to the Philippines, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and China ($X) constituted the largest newspaper suppliers to the Philippines, with a combined X% share of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average newspaper import price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then fell in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($X per unit) and Japan ($X per unit), while the price for Hong Kong SAR ($X per unit) and Singapore ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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