Philippines's Corrugated Paper Market Report 2024 - Prices, Size, Forecast, and Companies

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The Philippine corrugated paper market expanded remarkably to $X in 2023, surging by X% against the previous year. In general, consumption enjoyed a strong expansion. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

In value terms, corrugated paper production stood at $X in 2023 estimated in export price. Over the period under review, production posted a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

In 2023, exports of corrugated paper and paperboard from the Philippines dropped dramatically to X tons, declining by X% against the previous year. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, corrugated paper exports contracted rapidly to $X in 2023. Over the period under review, exports faced a deep slump. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

The United States (X tons), Mexico (X tons) and Papua New Guinea (X tons) were the main destinations of corrugated paper exports from the Philippines, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Mexico (with a CAGR of X.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for corrugated paper exported from the Philippines were the United States ($X), Mexico ($X) and Papua New Guinea ($X), together comprising X% of total exports.

In terms of the main countries of destination, Mexico, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

The average corrugated paper export price stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the export price, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Taiwan (Chinese) ($X per ton) and Vietnam ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

In 2023, supplies from abroad of corrugated paper and paperboard decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, corrugated paper imports fell remarkably to $X in 2023. Over the period under review, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2022, and then dropped dramatically in the following year.

In 2023, Thailand (X tons) constituted the largest corrugated paper supplier to the Philippines, with a X% share of total imports. Moreover, corrugated paper imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Japan (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of corrugated paper and paperboard to the Philippines, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

In 2023, the average corrugated paper import price amounted to $X per ton, surging by X% against the previous year. In general, the import price showed a prominent increase. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked in 2023 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Vietnam ($X per ton) and Japan ($X per ton), while the price for Thailand ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

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This report provides an in-depth analysis of the corrugated paper market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

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