Price for Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in the Philippines - 2024
Contents:
- Price for Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in the Philippines (CIF) - 2024
- Price for Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in the Philippines (FOB) - 2022
- Imports of Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in the Philippines
- Exports of Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in the Philippines
Price for Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in the Philippines (CIF) - 2024
The average import price for medium density fibreboard (MDF) of thickness from 5 to 9 mm stood at $455 per cubic meter in March 2024, waning by -36.4% against the previous month. In general, the import price, however, recorded slight growth. The most prominent rate of growth was recorded in February 2024 when the average import price increased by 107% m-o-m. As a result, import price reached the peak level of $716 per cubic meter, and then declined sharply in the following month.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Belgium ($1,498 per cubic meter), while the price for Thailand ($300 per cubic meter) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Indonesia (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in the Philippines (FOB) - 2022
The average export price for medium density fibreboard (MDF) of thickness from 5 to 9 mm stood at $3,581 per cubic meter in 2022, approximately equating the previous year. In general, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 41% against the previous year. As a result, the export price reached the peak level of $9,625 per cubic meter. From 2018 to 2022, the average export prices remained at a somewhat 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 UK ($7,074 per cubic meter), while the average price for exports to China ($70 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.5%), while the prices for the other major destinations experienced a decline.
Imports of Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in the Philippines
Imports of medium density fibreboard (MDF) of thickness from 5 to 9 mm into the Philippines shrank remarkably to 6.4K cubic meters in 2022, which is down by -23.4% against the previous year. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 96%. Imports peaked at 10K cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of medium density fibreboard (MDF) of thickness from 5 to 9 mm dropped significantly to $3M in 2022. Overall, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 171%. As a result, imports reached the peak of $5M, and then dropped notably in the following year.
| Import of Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 769 | 259 | 342 | 408 | -19.0% |
| Malaysia | 823 | 345 | 467 | 313 | -27.5% |
| Thailand | 447 | 160 | 222 | 265 | -16.0% |
| New Zealand | 7.6 | 68.7 | 201 | 261 | 225.0% |
| Belgium | 110 | 71.2 | 294 | 168 | 15.2% |
| Germany | 39.4 | 26.3 | 48.7 | 77.5 | 25.3% |
| Australia | 2.8 | 4.4 | 0.9 | 21.4 | 97.0% |
| Others | 2,118 | 923 | 3,458 | 1,474 | -11.4% |
| Total | 4,318 | 1,857 | 5,034 | 2,987 | -11.6% |
Top Suppliers of Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm to the Philippines in 2022:
- Malaysia (914.0 cubic meters)
- Thailand (843.0 cubic meters)
- China (814.0 cubic meters)
- New Zealand (359.0 cubic meters)
- Belgium (120.0 cubic meters)
- Australia (66.0 cubic meters)
- Germany (63.0 cubic meters)
Exports of Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in the Philippines
In 2022, approx. 1 cubic meters of medium density fibreboard (MDF) of thickness from 5 to 9 mm were exported from the Philippines; remaining constant against the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The smallest decline of 99.9% was in 2021. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of medium density fibreboard (MDF) of thickness from 5 to 9 mm totaled $3.6K in 2022. Over the period under review, exports posted a significant increase. The smallest decline of -97.6% was in 2020. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 65.0 | 23.0 | N/A | 1,707 | 197.2% |
| United Kingdom | 1.0 | 1.0 | N/A | 114 | 384.9% |
| Canada | 1.0 | 1.0 | N/A | 52.0 | 273.3% |
| China | 1.0 | 1.0 | N/A | 1.0 | 0.0% |
| South Korea | N/A | 1.0 | N/A | N/A | 0% |
| Singapore | 1.0 | N/A | N/A | N/A | 0% |
| United States | N/A | 1.0 | N/A | N/A | 0% |
| Others | 1,895 | 20.0 | N/A | 1,707 | -3.4% |
| Total | 1,964 | 48.0 | N/A | 3,581 | 22.2% |
Top Export Markets for Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm from the Philippines in 2022:
- Canada (1.0 cubic meters)
- Japan (1.0 cubic meters)
- China (1.0 cubic meters)
- United Kingdom (1.0 cubic meters)
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