Price for Medium Density Fibreboard (MDF) of Thickness over 9 Mm in the Philippines - 2023
Contents:
- Price for Medium Density Fibreboard (MDF) of Thickness over 9 Mm in the Philippines (FOB) - 2022
- Price for Medium Density Fibreboard (MDF) of Thickness over 9 Mm in the Philippines (CIF) - 2022
- Exports of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in the Philippines
- Imports of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in the Philippines
Price for Medium Density Fibreboard (MDF) of Thickness over 9 Mm in the Philippines (FOB) - 2022
In 2022, the average export price for medium density fibreboard (MDF) of thickness over 9 mm amounted to $5,250 per ton, reducing by -15.4% against the previous year. In general, the export price saw a slight slump. The pace of growth appeared the most rapid in 2019 an increase of 15% against the previous year. As a result, the export price reached the peak level of $6,853 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($14,521,826 per ton), while the average price for exports to the United States amounted to $1,607,945 per ton.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+72.4%).
Price for Medium Density Fibreboard (MDF) of Thickness over 9 Mm in the Philippines (CIF) - 2022
The average import price for medium density fibreboard (MDF) of thickness over 9 mm stood at $715 per ton in 2022, picking up by 5% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2020 an increase of 9.1%. As a result, import price reached the peak level of $733 per ton. From 2021 to 2022, the average 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 China ($1,223,294 per ton), while the price for Thailand ($365,313 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in the Philippines
Exports of medium density fibreboard (MDF) of thickness over 9 mm from the Philippines skyrocketed to 6.8K tons in 2022, picking up by 33% against the previous year. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 23,970%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of medium density fibreboard (MDF) of thickness over 9 mm rose remarkably to $36M in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 23,199%. Over the period under review, the exports of medium density fibreboard (MDF) of thickness over 9 mm hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 23.6 | 0% |
| Papua New Guinea | N/A | 17.8 | 30.8 | N/A | 73.0% |
| Others | 0.1 | 8.5 | 1.0 | 12.0 | 393.2% |
| Total | 0.1 | 26.2 | 31.7 | 35.6 | 608.7% |
Top Export Markets for Medium Density Fibreboard (MDF) of Thickness over 9 Mm from the Philippines in 2022:
Imports of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in the Philippines
In 2022, approx. 38K tons of medium density fibreboard (MDF) of thickness over 9 mm were imported into the Philippines; which is down by -10.4% on 2021. Over the period under review, imports continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year.
In value terms, imports of medium density fibreboard (MDF) of thickness over 9 mm dropped to $28M in 2022. In general, imports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year.
| Import of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.8 | 8.0 | 7.7 | 4.1 | -5.1% |
| New Zealand | 11.7 | 8.4 | 10.0 | 3.7 | -31.9% |
| Malaysia | 6.0 | 5.1 | 6.6 | 3.3 | -18.1% |
| Thailand | 5.6 | 3.6 | 3.5 | 2.1 | -27.9% |
| Indonesia | 0.3 | N/A | 0.5 | 0.2 | -12.6% |
| Others | 1.5 | 1.0 | 1.1 | 14.1 | 111.0% |
| Total | 29.9 | 26.1 | 29.2 | 27.5 | -2.8% |
Top Suppliers of Medium Density Fibreboard (MDF) of Thickness over 9 Mm to the Philippines in 2022:
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