Price for Wood; Shingles and Shakes in the Philippines - 2022
Contents:
- Price for Wood; Shingles and Shakes in the Philippines (CIF) - 2022
- Imports of Wood; Shingles and Shakes in the Philippines
Price for Wood; Shingles and Shakes in the Philippines (CIF) - 2022
In 2022, the average wood; shingles and shakes import price amounted to $3,863 per ton, jumping by 44% against the previous year. Overall, the import price posted a significant expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 72% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +33.7% per year.
Imports of Wood; Shingles and Shakes in the Philippines
In 2022, the amount of wood; shingles and shakeses imported into the Philippines expanded markedly to 1.6 tons, increasing by 7.9% on the previous year's figure. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 813% against the previous year. As a result, imports reached the peak of 11 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, wood; shingles and shakes imports soared to $6K in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 987%. As a result, imports attained the peak of $24K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Wood; Shingles and Shakes in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.2 | 2.0 | 3.9 | 6.0 | 39.7% |
| South Korea | N/A | 7.0 | N/A | N/A | 0% |
| Canada | N/A | 14.6 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.2 | 23.7 | 3.9 | 6.0 | 39.7% |
Top Suppliers of Wood; Shingles and Shakes to the Philippines in 2022:
- China (1.6 tons)
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