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Philippines - MDF - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMDF Price in the Philippines - 2023
Contents:
- MDF Price in the Philippines (FOB) - 2023
- MDF Price in the Philippines (CIF) - 2023
- MDF Exports in the Philippines
- MDF Imports in the Philippines
MDF Price in the Philippines (FOB) - 2023
In June 2023, the average MDF export price amounted to $2,189 per cubic meter, waning by -3.2% against the previous month. Over the period under review, the export price saw a mild setback. The pace of growth was the most pronounced in December 2022 when the average export price increased by 16% against the previous month. As a result, the export price attained the peak level of $3,077 per cubic meter; afterwards, it flattened through to June 2023.
As there is only one major export destination, the average price level is determined by prices for Japan.
From June 2022 to June 2023, the rate of growth in terms of prices for Japan amounted to -1.7% per month.
MDF Price in the Philippines (CIF) - 2023
The average MDF import price stood at $513 per cubic meter in June 2023, stabilizing at the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 22% m-o-m. The import price peaked at $590 per cubic meter in August 2022; however, from September 2022 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($639 per cubic meter), while the price for Japan ($129 per cubic meter) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the prices for the other major suppliers experienced a decline.
MDF Exports in the Philippines
In 2022, approx. 19K cubic meters of MDF were exported from the Philippines; growing by 15% against the previous year. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 81% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, MDF exports amounted to $51M in 2022. Overall, exports, however, saw a slight decline. The pace of growth was the most pronounced in 2021 when exports increased by 47%. The exports peaked at $53M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of MDF in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 31.3 | 20.0 | 0.1 | 50.9 | 17.6% |
China | N/A | N/A | 31.7 | N/A | 0% |
United States | 17.8 | 3.9 | 15.7 | N/A | -6.1% |
Others | 4.3 | 8.6 | N/A | N/A | 100.0% |
Total | 53.4 | 32.4 | 47.5 | 51.0 | -1.5% |
Top Export Markets for MDF from the Philippines in 2022:
- Japan (19.3K cubic meters)
MDF Imports in the Philippines
In 2022, the amount of MDF imported into the Philippines rose rapidly to 85K cubic meters, surging by 7.3% compared with the previous year. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, MDF imports contracted modestly to $40M in 2022. In general, imports, however, saw a slight decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Imports peaked at $42M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of MDF in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 10.5 | 7.6 | 9.7 | 19.0 | 21.9% |
New Zealand | 13.8 | 9.2 | 10.4 | 9.3 | -12.3% |
Thailand | 7.7 | 4.2 | 4.1 | 5.6 | -10.1% |
China | 6.8 | 8.5 | 12.8 | 2.6 | -27.4% |
Indonesia | 0.4 | 0.2 | 0.7 | 1.9 | 68.1% |
Japan | N/A | N/A | N/A | 0.5 | 0% |
Others | 3.1 | 1.8 | 3.5 | 1.2 | -27.1% |
Total | 42.4 | 31.6 | 41.4 | 40.1 | -1.8% |
Top Suppliers of MDF to the Philippines in 2022:
- Malaysia (30.6K cubic meters)
- Thailand (21.7K cubic meters)
- New Zealand (19.2K cubic meters)
- Indonesia (4.6K cubic meters)
- China (4.5K cubic meters)
- Japan (3.0K cubic meters)
This report provides an in-depth analysis of the mdf 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 1648 - MDF/HDF
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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