Philippines - Plastic Disposable Tableware And Kitchenware - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Plastic Tableware and Kitchenware in the Philippines - 2023
Contents:
- Price for Plastic Tableware and Kitchenware in the Philippines (CIF) - 2023
- Price for Plastic Tableware and Kitchenware in the Philippines (FOB) - 2022
- Imports of Plastic Tableware and Kitchenware in the Philippines
- Exports of Plastic Tableware and Kitchenware in the Philippines
Price for Plastic Tableware and Kitchenware in the Philippines (CIF) - 2023
The average plastic tableware and kitchenware import price stood at $1,030 per ton in June 2023, reducing by -14.9% against the previous month. Over the period under review, the import price saw a perceptible shrinkage. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 131% against the previous month. As a result, import price reached the peak level of $2,091 per ton. From March 2023 to June 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was Taiwan (Chinese) ($1,183 per ton), while the price for China ($899 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.8%), while the prices for the other major suppliers experienced a decline.
Price for Plastic Tableware and Kitchenware in the Philippines (FOB) - 2022
In 2022, the average plastic tableware and kitchenware export price amounted to $4,456 per ton, surging by 13% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic tableware and kitchenware export price decreased by -13.3% against 2018 indices. The growth pace was the most rapid in 2015 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices attained the maximum at $5,138 per ton in 2018; however, from 2019 to 2022, the export prices remained at a 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 the United States ($5,874 per ton), while the average price for exports to Palau ($1,587 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 Canada (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Plastic Tableware and Kitchenware in the Philippines
In 2022, supplies from abroad of plastic tableware and kitchenware decreased by -25.8% to 22K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 14%. As a result, imports attained the peak of 30K tons, and then dropped remarkably in the following year.
In value terms, plastic tableware and kitchenware imports contracted modestly to $32M in 2022. In general, imports saw a abrupt contraction.
Import of Plastic Tableware and Kitchenware in the Philippines (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 17.9 | 18.1 | 21.6 | 17.6 | -0.6% |
Thailand | 1.7 | 2.0 | 1.5 | 2.7 | 16.7% |
Malaysia | 1.2 | 0.9 | 0.9 | 2.4 | 26.0% |
Taiwan (Chinese) | 2.1 | 1.3 | 1.1 | 1.4 | -12.6% |
South Korea | 1.3 | 0.8 | 1.0 | 1.4 | 2.5% |
Japan | 1.5 | 0.7 | 0.9 | 0.8 | -18.9% |
United Arab Emirates | 7.9 | 7.8 | 1.7 | N/A | -53.6% |
Others | 5.9 | 3.2 | 4.7 | 5.8 | -0.6% |
Total | 39.5 | 34.8 | 33.4 | 32.1 | -6.7% |
Top Suppliers of Plastic Tableware and Kitchenware to the Philippines in 2022:
- United Arab Emirates (undefinedK tons)
- China (17.6K tons)
- Taiwan (Chinese) (1.6K tons)
- Japan (0.7K tons)
- Malaysia (0.6K tons)
- Thailand (0.4K tons)
- South Korea (0.4K tons)
Exports of Plastic Tableware and Kitchenware in the Philippines
In 2022, approx. 2.1K tons of plastic tableware and kitchenware were exported from the Philippines; with an increase of 37% against 2021 figures. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 138%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, plastic tableware and kitchenware exports soared to $9.3M in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 97%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
Export of Plastic Tableware and Kitchenware in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 180 | 202 | 141 | 4,109 | 183.7% |
Japan | 1,440 | 1,221 | 1,820 | 2,022 | 12.0% |
Australia | 1,114 | 813 | 1,356 | 1,384 | 7.5% |
Malaysia | 246 | 391 | 1,562 | 581 | 33.2% |
Canada | N/A | 0.1 | 6.8 | 237 | 4768.3% |
Singapore | 62.7 | 31.6 | 90.9 | 156 | 35.5% |
Palau | N/A | N/A | 28.4 | 150 | 428.2% |
New Zealand | 416 | 199 | 204 | 80.0 | -42.3% |
Thailand | 87.2 | 50.1 | 90.7 | 37.0 | -24.9% |
Others | 349 | 126 | 666 | 530 | 14.9% |
Total | 3,894 | 3,034 | 5,966 | 9,287 | 33.6% |
Top Export Markets for Plastic Tableware and Kitchenware from the Philippines in 2022:
- United States (699.6 tons)
- Australia (421.9 tons)
- Japan (389.4 tons)
- Malaysia (169.9 tons)
- Palau (94.6 tons)
- Singapore (48.0 tons)
- Canada (45.6 tons)
- New Zealand (27.6 tons)
- Thailand (21.6 tons)
This report provides an in-depth analysis of the market for plastic tableware and kitchenware 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:
- Prodcom 22292320 - Tableware and kitchenware of plastic
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.
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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
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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
This report provides an in-depth analysis of the market for plastic tableware and kitchenware in the Philippines.
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This report provides an in-depth analysis of the market for plastic tableware and kitchenware in the Philippines.
This report provides an in-depth analysis of the plastic household ware market in the Philippines.
This report provides an in-depth analysis of the plastic household articles market in the Philippines.
This report provides an in-depth analysis of the global market for plastic tableware and kitchenware.
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