Price for Pulps of Other Fibrous Cellulosic Material in the Philippines - 2024
Contents:
- Price for Pulps of Other Fibrous Cellulosic Material in the Philippines (FOB) - 2024
- Price for Pulps of Other Fibrous Cellulosic Material in the Philippines (CIF) - 2022
- Exports of Pulps of Other Fibrous Cellulosic Material in the Philippines
- Imports of Pulps of Other Fibrous Cellulosic Material in the Philippines
Price for Pulps of Other Fibrous Cellulosic Material in the Philippines (FOB) - 2024
In January 2024, the average export price for pulps of other fibrous cellulosic materials amounted to $3,023 per ton, picking up by 88% against the previous month. Overall, export price indicated a strong increase from March 2023 to January 2024: its price increased at an average monthly rate of +6.6% over the last ten-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, export price for pulps of other fibrous cellulosic materials increased by +101.0% against April 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($6,292 per ton), while the average price for exports to Thailand ($794 per ton) was amongst the lowest.
From March 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Pulps of Other Fibrous Cellulosic Material in the Philippines (CIF) - 2022
In 2022, the average import price for pulps of other fibrous cellulosic materials amounted to $2,802 per ton, surging by 19% against the previous year. In general, the import price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 an increase of 55%. As a result, import price reached the peak level of $3,097 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
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 Hungary ($2,367 per ton), while the price for Singapore ($712 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Pulps of Other Fibrous Cellulosic Material in the Philippines
After three years of growth, overseas shipments of pulps of other fibrous cellulosic materials decreased by -24.5% to 100K tons in 2022. Overall, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 59%. As a result, the exports attained the peak of 132K tons, and then contracted sharply in the following year.
In value terms, exports of pulps of other fibrous cellulosic materials shrank to $284M in 2022. The total export value increased at an average annual rate of +4.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 12%.
| Export of Pulps of Other Fibrous Cellulosic Material in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 34.3 | 39.2 | 48.4 | 53.4 | 15.9% |
| United Kingdom | 53.0 | 55.9 | 63.0 | 48.3 | -3.0% |
| Japan | 14.6 | 16.8 | 21.7 | 21.2 | 13.2% |
| China | 3.0 | 8.0 | 6.0 | 6.3 | 28.1% |
| United States | 6.5 | 10.5 | 4.7 | 5.0 | -8.4% |
| France | 7.6 | 6.8 | 9.3 | 4.6 | -15.4% |
| Thailand | N/A | 0.1 | N/A | 0.7 | 164.6% |
| Others | 132 | 144 | 161 | 144 | 2.9% |
| Total | 251 | 281 | 314 | 284 | 4.2% |
Top Export Markets for Pulps of Other Fibrous Cellulosic Material from the Philippines in 2022:
- Netherlands (16.7K tons)
- United Kingdom (15.1K tons)
- Japan (6.9K tons)
- China (5.5K tons)
- United States (1.6K tons)
- France (1.4K tons)
- Thailand (1.1K tons)
Imports of Pulps of Other Fibrous Cellulosic Material in the Philippines
In 2022, approx. 2K tons of pulps of other fibrous cellulosic materials were imported into the Philippines; reducing by -26.3% against 2021 figures. In general, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year.
In value terms, imports of pulps of other fibrous cellulosic materials shrank to $5.6M in 2022. Over the period under review, imports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2020 with an increase of 3.5%. As a result, imports reached the peak of $6.6M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Pulps of Other Fibrous Cellulosic Material in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,083 | 945 | 1,628 | 1,072 | -0.3% |
| Hungary | N/A | 156 | 93.2 | 808 | 127.6% |
| China | 1,412 | 758 | 938 | 496 | -29.4% |
| Poland | 113 | 52.1 | 117 | 196 | 20.2% |
| United States | 29.7 | 47.1 | 11.1 | 117 | 57.9% |
| Japan | 439 | 822 | 185 | 82.9 | -42.6% |
| Malaysia | N/A | 477 | 83.2 | 0.4 | -97.1% |
| Others | 3,351 | 3,392 | 3,320 | 2,835 | -5.4% |
| Total | 6,427 | 6,649 | 6,375 | 5,608 | -4.4% |
Top Suppliers of Pulps of Other Fibrous Cellulosic Material to the Philippines in 2022:
- Germany (1176.9 tons)
- Hungary (341.4 tons)
- China (221.0 tons)
- Poland (105.6 tons)
- United States (90.8 tons)
- Japan (38.9 tons)
- Malaysia (0.2 tons)
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