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Philippines - Densified Wood - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDensified Wood Price in the Philippines - 2023
Contents:
- Densified Wood Price in the Philippines (CIF) - 2022
- Densified Wood Price in the Philippines (FOB) - 2022
- Densified Wood Imports in the Philippines
- Densified Wood Exports in the Philippines
Densified Wood Price in the Philippines (CIF) - 2022
The average densified wood import price stood at $633 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price showed a resilient increase. The pace of growth was the most pronounced in 2018 an increase of 96% against the previous year. The import price peaked at $1,257 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 Singapore ($4,300 per ton), while the price for Vietnam ($444 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+33.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Densified Wood Price in the Philippines (FOB) - 2022
The average densified wood export price stood at $6,283 per ton in 2022, with an increase of 289% against the previous year. Over the period under review, the export price recorded buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($13,536 per ton), while the average price for exports to Japan ($1,898 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 South Korea (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.
Densified Wood Imports in the Philippines
In 2022, after three years of growth, there was significant decline in overseas purchases of densified wood, when their volume decreased by -19.4% to 543 tons. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 122% against the previous year. As a result, imports reached the peak of 674 tons, and then reduced remarkably in the following year.
In value terms, densified wood imports contracted rapidly to $344K in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +5.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 71%. As a result, imports reached the peak of $423K, and then reduced remarkably in the following year.
Import of Densified Wood in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 4.8 | N/A | 54.7 | 133 | 202.6% |
China | 222 | 226 | 337 | 108 | -21.4% |
Singapore | N/A | N/A | N/A | 80.5 | 0% |
Malaysia | 14.2 | 12.8 | 18.0 | 16.3 | 4.7% |
Others | 51.1 | 8.0 | 13.3 | 5.8 | -51.6% |
Total | 292 | 247 | 423 | 344 | 5.6% |
Top Suppliers of Densified Wood to the Philippines in 2022:
- Vietnam (300.0 tons)
- China (189.2 tons)
- Malaysia (30.8 tons)
- Singapore (18.7 tons)
Densified Wood Exports in the Philippines
In 2022, the amount of densified wood exported from the Philippines plummeted to 378 kg, with a decrease of -99.7% against the year before. Over the period under review, exports continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 27,364%. As a result, the exports reached the peak of 134 tons, and then reduced notably in the following year.
In value terms, densified wood exports shrank remarkably to $2.4K in 2022. In general, exports faced a significant contraction. The pace of growth appeared the most rapid in 2021 with an increase of 9,207% against the previous year. As a result, the exports attained the peak of $216K, and then contracted notably in the following year.
Export of Densified Wood in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Finland | N/A | 0.5 | 1.6 | 1.3 | 61.2% |
Japan | 0.5 | 0.7 | 199 | 0.4 | -7.2% |
South Korea | N/A | N/A | 6.5 | 0.3 | -95.4% |
Hong Kong SAR | N/A | N/A | 0.1 | 0.1 | 0.0% |
Germany | 3.0 | N/A | N/A | N/A | 0% |
United States | N/A | 0.6 | 7.0 | N/A | 1066.7% |
Others | 1.6 | 0.5 | 1.6 | 0.3 | -42.8% |
Total | 5.0 | 2.3 | 216 | 2.4 | -21.7% |
Top Export Markets for Densified Wood from the Philippines in 2022:
- Japan (206.0 kg)
- Finland (97.0 kg)
- South Korea (52.0 kg)
- Hong Kong SAR (8.0 kg)
This report provides an in-depth analysis of the densified wood 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:
- Prodcom 16212200 - Densified wood, in blocks, plates, strips or profile shapes
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
-
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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In value terms, densified wood in blocks, plates and strips imports amounted to $X in 2016. In general, densified wood in blocks, plates and strips imports continue to indicate a slight reduction. ...
In value terms, densified wood in blocks, plates and strips exports totaled $X in 2016. Overall, densified wood in blocks, plates and strips exports continue to indicate a relatively flat trend pat...
In value terms, densified wood in blocks, plates and strips imports amounted to $X in 2016. In general, densified wood in blocks, plates and strips imports continue to indicate a slight reduction. ...
In value terms, densified wood in blocks, plates and strips exports totaled $X in 2016. Overall, densified wood in blocks, plates and strips exports continue to indicate a relatively flat trend pat...