PHILIPPINE COATINGS AND PAINTS SECTOR ENJOYING MACROECONOMIC TAILWINDS
April 23rd, 2023
The Philippines’ demand for coatings and paints is leaving the pandemic behind, with London-based market researcher Euromonitor International reporting that home paint retail sales in the Asian archipelago returned to growth in 2021. That year, they recorded Philippines Peso PHP15.4 billion (USD280 million), up from PHP14 billion in 2020 but still lower than the PHP18 billion in pre-pandemic 2019. Euromonitor International attributed the revival in home improvement demand to the easing of Covid-19 related restrictions. This is also reflected by data of the ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.