Price for Wood; Posts and Beams in the Philippines - 2023
Contents:
- Price for Wood; Posts and Beams in the Philippines (CIF) - 2022
- Imports of Wood; Posts and Beams in the Philippines
Price for Wood; Posts and Beams in the Philippines (CIF) - 2022
In 2022, the average wood; posts and beams import price amounted to $1,679 per ton, increasing by 18% against the previous year. Overall, the import price, however, showed a pronounced reduction. The pace of growth was the most pronounced in 2021 when the average import price increased by 33% against the previous year. Over the period under review, average import prices hit record highs at $2,091 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($1,679 per ton) and China ($1,679 per ton), while the price for the United States ($1,678 per ton) and Italy ($1,679 per ton) were amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Wood; Posts and Beams in the Philippines
In 2022, the amount of wood; posts and beamses imported into the Philippines declined dramatically to 103 tons, waning by -91.2% against the year before. Over the period under review, imports saw a sharp downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 363%. As a result, imports attained the peak of 1.2K tons, and then reduced notably in the following year.
In value terms, wood; posts and beams imports reduced sharply to $173K in 2022. In general, imports showed a significant curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 514%. As a result, imports attained the peak of $1.7M, and then reduced sharply in the following year.
| Import of Wood; Posts and Beams in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | N/A | 63.2 | 0% |
| Japan | N/A | N/A | N/A | 53.2 | 0% |
| China | 235 | 265 | 261 | 31.0 | -49.1% |
| Spain | 2.4 | N/A | 4.5 | 22.7 | 111.5% |
| United States | 204 | N/A | 11.8 | 1.5 | -80.6% |
| Slovakia | N/A | N/A | 68.6 | N/A | 0% |
| Slovenia | 52.1 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 101 | N/A | 15.4 | N/A | -61.0% |
| Australia | 131 | N/A | N/A | N/A | 0% |
| Romania | N/A | N/A | 616 | N/A | 0% |
| Others | 54.0 | 7.7 | 693 | 1.8 | -67.8% |
| Total | 780 | 272 | 1,671 | 173 | -39.5% |
Top Suppliers of Wood; Posts and Beams to the Philippines in 2022:
- Italy (37.7 tons)
- Japan (31.7 tons)
- China (18.4 tons)
- Spain (13.5 tons)
- United States (0.9 tons)
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