Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in the Philippines - 2023
Contents:
- Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in the Philippines (CIF) - 2022
- Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in the Philippines (FOB) - 2022
- Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in the Philippines
- Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in the Philippines
Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in the Philippines (CIF) - 2022
In 2022, the average import price for felt; whether or not impregnated, coated, covered or laminateds amounted to $7,190 per ton, with a decrease of -17.2% against the previous year. In general, the import price, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2013 when the average import price increased by 40%. The import price peaked at $8,682 per ton in 2021, and then declined markedly in the following year.
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 Singapore ($80,234 per ton), while the price for China ($1,406 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+30.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in the Philippines (FOB) - 2022
In 2022, the average export price for felt; whether or not impregnated, coated, covered or laminateds amounted to $25,838 per ton, surging by 93% against the previous year. In general, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 an increase of 135% against the previous year. Over the period under review, the average export prices hit record highs at $29,113 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($62,350 per ton), while the average price for exports to Singapore ($5,317 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in the Philippines
In 2022, approx. 1.3K tons of felt; whether or not impregnated, coated, covered or laminateds were imported into the Philippines; picking up by 21% on the previous year. Overall, total imports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +2.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 55% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of felt; whether or not impregnated, coated, covered or laminateds stood at $9.2M in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 59%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 2,420 | 1,763 | 3,340 | 2,578 | 2.1% |
| Thailand | 752 | 653 | 1,309 | 2,246 | 44.0% |
| Indonesia | 893 | 609 | 1,147 | 1,561 | 20.5% |
| China | 1,075 | 675 | 463 | 467 | -24.3% |
| South Korea | 205 | 98.3 | 136 | 329 | 17.1% |
| Malaysia | 264 | 160 | 251 | 230 | -4.5% |
| Japan | 925 | 143 | 178 | 140 | -46.7% |
| Taiwan (Chinese) | 6.7 | 11.1 | 178 | 99.0 | 145.4% |
| Others | 2,624 | 1,662 | 2,157 | 1,550 | -16.1% |
| Total | 9,165 | 5,775 | 9,158 | 9,200 | 0.1% |
Top Suppliers of Felt; Whether or Not Impregnated, Coated, Covered or Laminated to the Philippines in 2022:
- Indonesia (400.2 tons)
- China (332.1 tons)
- Thailand (184.4 tons)
- United Kingdom (178.5 tons)
- Malaysia (61.1 tons)
- South Korea (53.2 tons)
- Taiwan (Chinese) (21.5 tons)
- Japan (6.2 tons)
Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in the Philippines
In 2022, after three years of growth, there was significant decline in overseas shipments of felt; whether or not impregnated, coated, covered or laminateds, when their volume decreased by -57.1% to 4.5 tons. Overall, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 88% against the previous year.
In value terms, exports of felt; whether or not impregnated, coated, covered or laminateds shrank significantly to $115K in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 125% against the previous year.
| Export of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | N/A | N/A | N/A | 29.7 | 0% |
| South Korea | 6.9 | 7.1 | 15.8 | 16.3 | 33.2% |
| Brazil | 13.3 | 3.1 | 10.8 | 12.9 | -1.0% |
| Turkey | N/A | 1.9 | N/A | 11.7 | 148.2% |
| Vietnam | 11.4 | 13.1 | 7.8 | 9.4 | -6.2% |
| United Kingdom | N/A | N/A | N/A | 8.5 | 0% |
| China | N/A | N/A | N/A | 7.0 | 0% |
| Switzerland | 16.1 | 13.5 | 37.3 | 6.9 | -24.6% |
| United Arab Emirates | 0.5 | N/A | 2.2 | 4.6 | 109.5% |
| Indonesia | N/A | N/A | N/A | 1.9 | 0% |
| Australia | N/A | N/A | 12.5 | 1.3 | -89.6% |
| Singapore | N/A | N/A | 0.2 | 1.1 | 450.0% |
| Portugal | N/A | N/A | N/A | 0.4 | 0% |
| Others | 7.0 | 85.3 | 52.7 | 3.7 | -19.1% |
| Total | 55.2 | 124 | 139 | 115 | 27.7% |
Top Export Markets for Felt; Whether or Not Impregnated, Coated, Covered or Laminated from the Philippines in 2022:
- Vietnam (1392.0 kg)
- Taiwan (Chinese) (841.0 kg)
- South Korea (431.0 kg)
- Brazil (319.0 kg)
- Australia (217.0 kg)
- Turkey (207.0 kg)
- Singapore (199.0 kg)
- Switzerland (187.0 kg)
- China (178.0 kg)
- United Arab Emirates (154.0 kg)
- United Kingdom (137.0 kg)
- Indonesia (76.0 kg)
- Portugal (73.0 kg)
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