Price for Wood; Statuettes and Other Ornaments of Wood in the Philippines - 2023
Contents:
- Price for Wood; Statuettes and Other Ornaments of Wood in the Philippines (FOB) - 2022
- Price for Wood; Statuettes and Other Ornaments of Wood in the Philippines (CIF) - 2022
- Exports of Wood; Statuettes and Other Ornaments of Wood in the Philippines
- Imports of Wood; Statuettes and Other Ornaments of Wood in the Philippines
Price for Wood; Statuettes and Other Ornaments of Wood in the Philippines (FOB) - 2022
In 2022, the average export price for wood; statuettes and other ornaments of wood amounted to $9,499 per ton, with an increase of 48% against the previous year. Overall, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2020 an increase of 51% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($24,760 per ton), while the average price for exports to Germany ($2,809 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 France (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wood; Statuettes and Other Ornaments of Wood in the Philippines (CIF) - 2022
In 2022, the average import price for wood; statuettes and other ornaments of wood amounted to $1,720 per ton, shrinking by -22.9% against the previous year. In general, the import price, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2013 an increase of 82% against the previous year. Over the period under review, average import prices attained the peak figure at $2,948 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($5,286 per ton), while the price for Japan ($1,205 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wood; Statuettes and Other Ornaments of Wood in the Philippines
In 2022, exports of wood; statuettes and other ornaments of wood from the Philippines stood at 2.5K tons, approximately reflecting 2021 figures. Overall, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 24%.
In value terms, exports of wood; statuettes and other ornaments of wood surged to $24M in 2022. In general, exports saw a resilient increase. The growth pace was the most rapid in 2021 with an increase of 61% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Wood; Statuettes and Other Ornaments of Wood in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.3 | 5.6 | 13.2 | 21.5 | 37.3% |
| Canada | 0.7 | 0.4 | 0.6 | 1.1 | 16.3% |
| United Kingdom | 0.7 | 0.5 | 0.2 | 0.3 | -24.6% |
| Netherlands | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Japan | 2.2 | 1.2 | 0.7 | 0.2 | -55.0% |
| Germany | 0.6 | 0.5 | 0.1 | N/A | -59.2% |
| Others | 3.3 | 1.6 | 1.0 | 0.6 | -43.3% |
| Total | 16.0 | 10.0 | 16.0 | 23.9 | 14.3% |
Top Export Markets for Wood; Statuettes and Other Ornaments of Wood from the Philippines in 2022:
- United States (2179.0 tons)
- Canada (139.3 tons)
- Netherlands (62.0 tons)
- United Kingdom (47.1 tons)
- Japan (34.5 tons)
- Germany (2.5 tons)
Imports of Wood; Statuettes and Other Ornaments of Wood in the Philippines
Imports of wood; statuettes and other ornaments of wood into the Philippines dropped sharply to 221 tons in 2022, which is down by -44.9% on 2021 figures. Over the period under review, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 226% against the previous year. As a result, imports attained the peak of 402 tons, and then shrank remarkably in the following year.
In value terms, imports of wood; statuettes and other ornaments of wood contracted significantly to $380K in 2022. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 146%. As a result, imports attained the peak of $895K, and then dropped sharply in the following year.
| Import of Wood; Statuettes and Other Ornaments of Wood in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 385 | 154 | 541 | 273 | -10.8% |
| United Kingdom | N/A | N/A | 11.2 | 35.8 | 219.6% |
| Japan | 17.6 | 26.6 | 46.4 | 25.5 | 13.2% |
| Indonesia | 86.2 | 60.9 | 27.7 | 8.8 | -53.3% |
| Hong Kong SAR | 0.1 | 0.6 | 230 | 0.2 | 26.0% |
| Others | 65.9 | 121 | 39.0 | 37.1 | -17.4% |
| Total | 555 | 364 | 895 | 380 | -11.9% |
Top Suppliers of Wood; Statuettes and Other Ornaments of Wood to the Philippines in 2022:
- China (176.7 tons)
- Japan (21.2 tons)
- United Kingdom (13.8 tons)
- Indonesia (2.0 tons)
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