Phil ippines Abaca Fiber Market Forecast & Opportunities , 2019

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

I n d u s t r y B r i e f

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Philippines is the world’s largest producer of abaca fiber, accounting for about 85% share of the global production in 2013.

In the Philippines, abaca plants are cultivated across 130 thousand hectares of land by over 90 thousand farmers. Abaca

fiber is primarily used as a raw material by end user industries such as pulp & paper, fiber craft, cordage, etc. Abaca fiber

consumption in Philippines is witnessing a continuous increase among these end user industries due to widening applications

of the fiber. Abaca fiber market in Philippines is supported by various investor friendly initiatives taken by the country’s

Fiber Industry Development Authority (FIDA), which is expected to further boost the abaca fiber market in the coming

years. Out of the total production, a significant volume of abaca fiber is consumed within the Philippines and the rest is

exported worldwide, with the US, European countries and Japan being the major importers.

According to “Philippines Abaca Fiber Market Forecast & Opportunities, 2019”, the abaca fiber market is projected to

grow at a CAGR of around 5.7% till 2019. Presently, the pulp manufacturing industry is the leading end-user of abaca fiber,

followed by cordage manufacturing and fiber craft industry. Among the leading abaca fiber suppliers, Ching Bee Trading

Corporation dominates the market by offering the best quality abaca fiber products to its consumers, followed by Tag Fibers,

Inc. and Selinrail International. Manila province is the largest demand generator for abaca fiber in the Philippines, followed

by Catanduanes, Leyte and Davao City. “Philippines Abaca Fiber Market Forecast & Opportunities, 2019” elaborates

the following aspects related to abaca fiber market in Philippines:

Philippines Abaca Fiber Market Size, Share & Forecast

Segmental Analysis – Abaca Pulp, Cordage and Fiber craft

Policy & Regulatory Landscape

Changing Market Trends & Emerging Opportunities

Competitive Landscape & Strategic Recommendations

T a b l e o f C o n t e n t

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1. Research Methodology

2. Analyst View

3. Abaca Fiber Product Overview

4. Global Abaca Fiber Production Overview

5. Philippines Abaca Fiber Market Outlook

6. Philippines Abaca Fiber Used in Pulp Industry - Market Outlook

7. Philippines Abaca Fiber Used in Cordage Industry - Market Outlook

8. Philippines Abaca Fiber Used in Fiber Craft Industry - Market Outlook

9. Philippines Abaca Fiber Market Dynamics

10. Philippines Abaca Fiber Market Trends

11. Supply Chain

12. Trade Dynamics

13. Policy & Regulatory Landscape

14. Comparative Landscape

15. Company Profiles

16. Strategic Recommendations

17. Annexures

18. About Us & Disclaimer

R e s e a r c h M e t h o d o l o g y

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Baseline Methodology

Our dedicated team of industry experts has comprehensively monitored and analyzed various aspects of the

Philippines abaca fiber market. The team has analyzed various industry segments and speculated a positive

future for the industry. The increasing application of the fiber, rising awareness among people towards greener

products, rising government support, etc., are the major factors contributing to the sale of Abaca fiber in

Philippines. Our team of analysts has provided an analysis of the industry’s performance in the future. This

would enable our clients in planning their investment decisions and explore growth opportunities in the

Philippines Abaca fiber market.

For our study, we have gathered information through primary research surveys with multiple respondents in

around 5 companies/suppliers of abaca fiber in Philippines, followed by an exhaustive search of credible paid

databases. Our team of experts has evaluated all the collected information to depict a meaningful and clear

picture of the Philippines abaca fiber market.

In addition, while compiling the data, we have also validated all the collected information from multiple sources

and data warehouses in order to present the most accurate and precise information of the concerned industry.

We have also identified and analyzed all the emerging trends, including the important drivers and challenges

that the industry is currently confronting. We have also presented various forecasts for the industry based on

our in-depth analysis of market dynamics, prevalent trends, developments and growth opportunities.

Companies InterviewedTop Companies interviewed : ChingBee, Tag Fiber, MAP Enterprises, Pearl Enterprises, CCCP Industries, Pacific Continental Company Inc.

Sources

Fida, FAO, PCARRD Commodities, NSCB, UN ESCAP, etc.

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S a m p l e D a t a - S n a p s h o t

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3040

5060

7080

90100

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Figure 1: Global Abaca Fiber Production, By

Volume, 2009–2019F (Thousand Tons)

100200

300200

400

600

400

800

1200

Pulp Cordage Fibercraft

2011 2012 2013

Figure 3: Average Prices of Abaca Fiber in Philippines, By Segment, 2011-13

(USD per Ton)

Manila2013: X%2019F: X%

Catanduanes2013: X%2019F: X%

Leyte2013: X%2019F: X%

Davao City2013: X%2019F: X%

Other Provinces2013: X%2019F: X%

Figure 10: Philippines Abaca Fiber Market Share, By Region, By Volume, 2013 & 2019F

2

4

6

8

2009 2010 2011 2012

Figure 21: Philippines Abaca Fiber Exports,

By Volume, 2009-2012 (Thousand Tons)

Philippines33%

Ecuador34% Others

33%

Figure 4: Global Abaca Fiber Market Share, By

Country, By Volume, 2013

10.00%

20.00%

2013 2019F

Figure 16: Philippines Abaca Fiber Used in Cordage

Industry, Market Share, By Volume, 2013 & 2019F

R e p o r t O r d e r i n g

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Report Name: Philippines Abaca Fiber Market Forecast and Opportunities, 2019

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