| Product Code: ETC8842880 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines continues to see significant imports of hemp-based products, with Italy, Spain, India, and Guatemala leading the way in 2024. Despite the high Herfindahl-Hirschman Index (HHI) indicating a concentrated market, the industry experienced a sharp decline with a CAGR of -37.96% from 2020 to 2024. The growth rate plummeted even further in 2024, showing a decline of -83.35% compared to the previous year. This trend suggests a challenging environment for hemp-based product imports in the Philippines, highlighting the need for strategic adjustments in the market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Hemp-Based Products Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Hemp-Based Products Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Hemp-Based Products Market - Industry Life Cycle |
3.4 Philippines Hemp-Based Products Market - Porter's Five Forces |
3.5 Philippines Hemp-Based Products Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Hemp-Based Products Market Revenues & Volume Share, By Price, 2021 & 2031F |
3.7 Philippines Hemp-Based Products Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Philippines Hemp-Based Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Hemp-Based Products Market Trends |
6 Philippines Hemp-Based Products Market, By Types |
6.1 Philippines Hemp-Based Products Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Hemp-Based Products Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Hemp-Based Products Market Revenues & Volume, By Food Products, 2021- 2031F |
6.1.4 Philippines Hemp-Based Products Market Revenues & Volume, By Hemp CBD, 2021- 2031F |
6.1.5 Philippines Hemp-Based Products Market Revenues & Volume, By Personal Care Products, 2021- 2031F |
6.1.6 Philippines Hemp-Based Products Market Revenues & Volume, By Industrial Products, 2021- 2031F |
6.1.7 Philippines Hemp-Based Products Market Revenues & Volume, By Food Supplements, 2021- 2031F |
6.1.8 Philippines Hemp-Based Products Market Revenues & Volume, By Consumer Textiles, 2021- 2031F |
6.2 Philippines Hemp-Based Products Market, By Price |
6.2.1 Overview and Analysis |
6.2.2 Philippines Hemp-Based Products Market Revenues & Volume, By Under US$ 50, 2021- 2031F |
6.2.3 Philippines Hemp-Based Products Market Revenues & Volume, By US$ 50 - US$ 100, 2021- 2031F |
6.2.4 Philippines Hemp-Based Products Market Revenues & Volume, By US$ 101 - US$ 200, 2021- 2031F |
6.2.5 Philippines Hemp-Based Products Market Revenues & Volume, By Above US$ 200, 2021- 2031F |
6.3 Philippines Hemp-Based Products Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Philippines Hemp-Based Products Market Revenues & Volume, By Residential, 2021- 2031F |
6.3.3 Philippines Hemp-Based Products Market Revenues & Volume, By Commercial, 2021- 2031F |
6.3.4 Philippines Hemp-Based Products Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Philippines Hemp-Based Products Market Import-Export Trade Statistics |
7.1 Philippines Hemp-Based Products Market Export to Major Countries |
7.2 Philippines Hemp-Based Products Market Imports from Major Countries |
8 Philippines Hemp-Based Products Market Key Performance Indicators |
9 Philippines Hemp-Based Products Market - Opportunity Assessment |
9.1 Philippines Hemp-Based Products Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Hemp-Based Products Market Opportunity Assessment, By Price, 2021 & 2031F |
9.3 Philippines Hemp-Based Products Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Philippines Hemp-Based Products Market - Competitive Landscape |
10.1 Philippines Hemp-Based Products Market Revenue Share, By Companies, 2024 |
10.2 Philippines Hemp-Based Products Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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