Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the Philippines - 2024
Contents:
- Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the Philippines (CIF) - 2022
- Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the Philippines (FOB) - 2022
- Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the Philippines
- Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the Philippines
Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the Philippines (CIF) - 2022
In 2022, the average import price for fabrics; "long pile" fabrics, knitted or crocheteds amounted to $7,005 per ton, dropping by -2.3% against the previous year. In general, the import price, however, showed temperate growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 77% against the previous year. Over the period under review, average import prices reached the maximum at $10,592 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($22,195 per ton), while the price for Thailand ($2,324 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the Philippines (FOB) - 2022
In 2022, the average export price for fabrics; "long pile" fabrics, knitted or crocheteds amounted to $7,521 per ton, approximately mirroring the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 393% against the previous year. As a result, the export price attained the peak level of $41,495 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +13.1% per year.
Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the Philippines
In 2022, the amount of fabrics; "long pile" fabrics, knitted or crocheteds imported into the Philippines dropped markedly to 104 tons, falling by -23.5% against the previous year. In general, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 9.9% against the previous year.
In value terms, imports of fabrics; "long pile" fabrics, knitted or crocheteds shrank rapidly to $726K in 2022. Over the period under review, imports recorded a dramatic contraction.
| Import of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 13.2 | 0.1 | 7.7 | 275 | 175.2% |
| China | 654 | 436 | 455 | 217 | -30.8% |
| Japan | 45.0 | 81.3 | 20.5 | 111 | 35.1% |
| Thailand | 198 | 87.3 | 106 | 60.4 | -32.7% |
| Taiwan (Chinese) | 346 | 458 | 15.6 | 30.1 | -55.7% |
| Vietnam | 524 | 94.1 | N/A | 2.4 | -83.4% |
| South Korea | 68.4 | 70.6 | 340 | N/A | 123.0% |
| Others | 51.2 | 78.7 | 27.0 | 29.8 | -16.5% |
| Total | 1,900 | 1,306 | 972 | 726 | -27.4% |
Top Suppliers of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted to the Philippines in 2022:
- China (42.7 tons)
- Indonesia (26.6 tons)
- Thailand (26.0 tons)
- Japan (5.0 tons)
- Taiwan (Chinese) (2.5 tons)
- Vietnam (0.3 tons)
Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the Philippines
In 2022, overseas shipments of fabrics; "long pile" fabrics, knitted or crocheteds decreased by 0% to 146 kg, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a sharp setback. The pace of growth was the most pronounced in 2020 when exports increased by 83% against the previous year. As a result, the exports attained the peak of 3.1 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of fabrics; "long pile" fabrics, knitted or crocheteds amounted to $1.1K in 2022. Over the period under review, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 78% against the previous year. As a result, the exports attained the peak of $61K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | N/A | N/A | 1.1 | 0% |
| South Korea | 12.5 | N/A | N/A | N/A | 0% |
| China | N/A | 60.9 | N/A | N/A | 0% |
| Lebanon | 13.7 | N/A | N/A | N/A | 0% |
| Italy | 7.5 | N/A | N/A | N/A | 0% |
| Others | 0.6 | N/A | N/A | N/A | 0% |
| Total | 34.2 | 60.9 | N/A | 1.1 | -68.2% |
Top Export Markets for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted from the Philippines in 2022:
- Sweden (144.0 kg)
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