Price for Stamps; Stamp-Impressed Paper; Cheque Forms; Banknotes, Stock, Share or Bond Certificates in the Philippines - 2024

Contents:

1. Price for Stamps; Stamp-Impressed Paper; Cheque Forms; Banknotes, Stock, Share or Bond Certificates in the Philippines (CIF) - 2024
2. Price for Stamps; Stamp-Impressed Paper; Cheque Forms; Banknotes, Stock, Share or Bond Certificates in the Philippines (FOB) - 2022
3. Imports of Stamps; Stamp-Impressed Paper; Cheque Forms; Banknotes, Stock, Share or Bond Certificates in the Philippines
4. Exports of Stamps; Stamp-Impressed Paper; Cheque Forms; Banknotes, Stock, Share or Bond Certificates in the Philippines

Price for Stamps; Stamp-Impressed Paper; Cheque Forms; Banknotes, Stock, Share or Bond Certificates in the Philippines (CIF) - 2024

In February 2024, the average import price for stamps; stamp-impressed paper; cheque forms; banknotes, stock, share or bond certificates and the like amounted to $38,953 per ton, rising by 14% against the previous month. Over the period from January 2024 to February 2024, it increased at an average monthly rate of +14.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Malaysia ($159K per ton), while the price for Germany ($24,470 per ton) was amongst the lowest.

From January 2024 to February 2024, the most notable rate of growth in terms of prices was attained by Malaysia (+173.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stamps; Stamp-Impressed Paper; Cheque Forms; Banknotes, Stock, Share or Bond Certificates in the Philippines (FOB) - 2022

The average export price for stamps; stamp-impressed paper; cheque forms; banknotes, stock, share or bond certificates and the like stood at $7,698 per ton in 2022, dropping by -20% against the previous year. In general, the export price, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 737% against the previous year. Over the period under review, the average export prices attained the peak figure at $52,480 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($77,129 per ton), while the average price for exports to Saudi Arabia ($11,538 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stamps; Stamp-Impressed Paper; Cheque Forms; Banknotes, Stock, Share or Bond Certificates in the Philippines

After three years of growth, purchases abroad of stamps; stamp-impressed paper; cheque forms; banknotes, stock, share or bond certificates and the like decreased by -59.2% to 2.2K tons in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 173%.

In value terms, imports of stamps; stamp-impressed paper; cheque forms; banknotes, stock, share or bond certificates and the like shrank markedly to $100M in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 199%.

Top Suppliers of Unused Postage, Revenue or Similar Stamps of Current or New Issue in the Country To Which Destined; Stamp-Impressed Paper; Cheque Forms; Banknotes, Stock, Share or Bond Certificates and the Like to the Philippines in 2022:

1. Canada (1949.8 tons)
2. Australia (120.9 tons)
3. Malta (103.5 tons)
4. Bulgaria (1.3 tons)
5. France (0.1 tons)
6. United Kingdom (0.1 tons)

Exports of Stamps; Stamp-Impressed Paper; Cheque Forms; Banknotes, Stock, Share or Bond Certificates in the Philippines

In 2022, after three years of growth, there was significant decline in shipments abroad of stamps; stamp-impressed paper; cheque forms; banknotes, stock, share or bond certificates and the like, when their volume decreased by -97% to 18 tons. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 3,125% against the previous year. As a result, the exports attained the peak of 581 tons, and then dropped notably in the following year.

In value terms, exports of stamps; stamp-impressed paper; cheque forms; banknotes, stock, share or bond certificates and the like dropped significantly to $135K in 2022. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 2,480%. As a result, the exports reached the peak of $5.6M, and then contracted markedly in the following year.

Top Export Markets for Unused Postage, Revenue or Similar Stamps of Current or New Issue in the Country To Which Destined; Stamp-Impressed Paper; Cheque Forms; Banknotes, Stock, Share or Bond Certificates and the Like from the Philippines in 2022:

1. Taiwan (Chinese) (1.0 tons)
2. Switzerland (0.9 tons)
3. South Korea (0.7 tons)
4. Indonesia (0.4 tons)
5. Saudi Arabia (0.1 tons)
6. China (0.1 tons)
7. Macao SAR (0.1 tons)

Source: IndexBox Market Intelligence Platform