Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in the Philippines - 2024
Contents:
- Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in the Philippines (FOB) - 2022
- Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in the Philippines (CIF) - 2024
- Exports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in the Philippines
- Imports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in the Philippines
Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in the Philippines (FOB) - 2022
The average export price for medium density fibreboard (MDF) of thickness under 5 mm stood at $1,415 per cubic meter in 2022, with a decrease of -6.4% against the previous year. Overall, the export price recorded a deep slump. The pace of growth appeared the most rapid in 2021 when the average export price increased by 7.2% against the previous year. The export price peaked at $2,668 per cubic meter in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2017 to 2022, the rate of growth in terms of prices for the United States amounted to -2.7% per year.
Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in the Philippines (CIF) - 2024
In February 2024, the average import price for medium density fibreboard (MDF) of thickness under 5 mm amounted to $369 per cubic meter, increasing by 51% against the previous month. Over the period under review, the import price showed a slight increase. The most prominent rate of growth was recorded in April 2023 an increase of 70% against the previous month. As a result, import price reached the peak level of $563 per cubic meter. From May 2023 to February 2024, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($615 per cubic meter), while the price for Japan ($114 per cubic meter) was amongst the lowest.
From March 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Indonesia (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in the Philippines
In 2022, exports of medium density fibreboard (mdf) of thickness under 5 mm from the Philippines expanded slightly to 11K cubic meters, growing by 4.3% on 2021 figures. Overall, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 141%. The exports peaked at 13K cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of medium density fibreboard (MDF) of thickness under 5 mm contracted modestly to $15M in 2022. In general, exports, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 158%. The exports peaked at $22M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 19.1 | 4.4 | 15.7 | 15.2 | -7.3% |
| Singapore | 0.1 | 0.7 | N/A | N/A | 600.0% |
| Others | 2.6 | 0.9 | N/A | 0.1 | -66.2% |
| Total | 21.8 | 6.1 | 15.7 | 15.3 | -11.1% |
Top Export Markets for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm from the Philippines in 2022:
- United States (10.8K cubic meters)
Imports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in the Philippines
Imports of medium density fibreboard (MDF) of thickness under 5 mm into the Philippines skyrocketed to 20K cubic meters in 2022, growing by 45% on 2021. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 65%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.
In value terms, imports of medium density fibreboard (MDF) of thickness under 5 mm surged to $9.6M in 2022. In general, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 95%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.9 | 0.3 | 4.1 | 5.9 | 87.2% |
| Malaysia | 3.3 | 2.0 | 2.2 | 2.5 | -8.8% |
| New Zealand | 2.3 | 0.9 | 0.3 | 0.5 | -39.9% |
| Indonesia | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Thailand | 1.5 | 0.4 | 0.3 | 0.3 | -41.5% |
| Denmark | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 8.2 | 3.6 | 7.1 | 9.6 | 5.4% |
Top Suppliers of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm to the Philippines in 2022:
- China (7.4K cubic meters)
- Malaysia (6.8K cubic meters)
- Thailand (2.0K cubic meters)
- New Zealand (1.7K cubic meters)
- Indonesia (1.2K cubic meters)
- Denmark (0.6K cubic meters)
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