Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in the Philippines - 2023
Contents:
- Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in the Philippines (CIF) - 2022
- Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in the Philippines (FOB) - 2022
- Imports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in the Philippines
- Exports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in the Philippines
Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in the Philippines (CIF) - 2022
In 2022, the average import price for wood amounted to $41 per cubic meter, jumping by 43% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +5.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($115 per cubic meter), while the price for Indonesia ($21 per cubic meter) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+57.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in the Philippines (FOB) - 2022
In 2022, the average export price for wood amounted to $112 per cubic meter, approximately mirroring the previous year. In general, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices reached the peak figure at $163 per cubic meter in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
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) ($296 per cubic meter), while the average price for exports to Japan totaled $24 per cubic meter.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+14.8%).
Imports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in the Philippines
In 2022, approx. 2.7K cubic meters of wood were imported into the Philippines; picking up by 332% on the previous year. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of wood surged to $111K in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Germany | 25.3 | 8.6 | 51.9 | 43.2% | |
| Indonesia | 3.7 | 7.3 | 43.8 | 244.1% | |
| Bulgaria | 7.3 | 1.8 | 15.0 | 43.3% | |
| Others | 1.6 | 0.3 | N/A | -81.3% | |
| Total | 37.9 | 17.9 | 111 | 71.1% | |
Top Suppliers of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated to the Philippines in 2022:
- Indonesia (2107.0 cubic meters)
- Germany (449.0 cubic meters)
- Bulgaria (140.0 cubic meters)
Exports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in the Philippines
In 2022, the amount of wood exported from the Philippines was estimated at 77 cubic meters, therefore, remained relatively stable against 2021 figures. Over the period under review, exports faced a sharp descent. The smallest decline of 99.9% was in 2021. The exports peaked at 2K cubic meters in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, exports of wood stood at $8.6K in 2022. Overall, exports saw a significant contraction. The smallest decline of 99.9% was in 2021. The exports peaked at $326K in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
| Export of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Taiwan (Chinese) | 294 | N/A | 7.4 | -84.1% | |
| Japan | 32.0 | N/A | 1.2 | -80.6% | |
| Others | 0.2 | N/A | N/A | 0% | |
| Total | 326 | N/A | 8.6 | -83.8% | |
Top Export Markets for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated from the Philippines in 2022:
- Japan (52.0 cubic meters)
- Taiwan (Chinese) (25.0 cubic meters)
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