Philippines: Wrapping Papers Market 2024

Wrapping Papers Market Size in the Philippines

The Philippine wrapping papers market stood at $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a relatively flat trend pattern. Wrapping papers consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Wrapping Papers Exports

Exports from the Philippines

Wrapping papers exports from the Philippines surged to X tons in 2022, picking up by X% on 2021 figures. In general, exports continue to indicate a mild expansion. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, wrapping papers exports skyrocketed to $X in 2022. Over the period under review, exports posted resilient growth. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) was the main destination for wrapping papers exports from the Philippines, with a X% share of total exports. Moreover, wrapping papers exports to Thailand exceeded the volume sent to the second major destination, Vietnam (X tons), fourfold. Kuwait (X tons) 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 Thailand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Kuwait (X% per year).

In value terms, Thailand ($X) remains the key foreign market for wrapping paper, packaging paper and paperboard exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Thailand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Kuwait (X% per year).

Export Prices by Country

The average wrapping papers export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The growth pace was the most rapid in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Malaysia ($X 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 Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Wrapping Papers Imports

Imports into the Philippines

In 2022, the amount of wrapping paper, packaging paper and paperboard imported into the Philippines contracted to X tons, declining by X% compared with the year before. Overall, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, wrapping papers imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons), China (X tons) and the United States (X tons) were the main suppliers of wrapping papers imports to the Philippines, with a combined X% share of total imports. Sweden, Thailand, Malaysia, Taiwan (Chinese), South Korea, Indonesia, Germany, the Netherlands and Austria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wrapping papers suppliers to the Philippines were Japan ($X), China ($X) and the United States ($X), together comprising X% of total imports. Thailand, Malaysia, Sweden, Taiwan (Chinese), South Korea, Indonesia, Germany, the Netherlands and Austria lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Thailand, with a CAGR of X%, 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 wrapping papers import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price saw a resilient expansion. The pace of growth appeared the most rapid in 2020 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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