Price for Fibres; Synthetic Filament Tow, of Polyesters in the Philippines - 2023
Contents:
- Price for Fibres; Synthetic Filament Tow, of Polyesters in the Philippines (CIF) - 2022
- Price for Fibres; Synthetic Filament Tow, of Polyesters in the Philippines (FOB) - 2022
- Imports of Fibres; Synthetic Filament Tow, of Polyesters in the Philippines
- Exports of Fibres; Synthetic Filament Tow, of Polyesters in the Philippines
Price for Fibres; Synthetic Filament Tow, of Polyesters in the Philippines (CIF) - 2022
The average import price for fibres; synthetic filament tow, of polyesterses stood at $1,594 per ton in 2022, growing by 33% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2017 when the average import price increased by 270% against the previous year. The import price peaked at $27,017 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 Thailand ($12,597 per ton), while the price for China ($1,075 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+61.8%), while the prices for the other major suppliers experienced a decline.
Price for Fibres; Synthetic Filament Tow, of Polyesters in the Philippines (FOB) - 2022
In 2022, the average export price for fibres; synthetic filament tow, of polyesterses amounted to $57,789 per ton, almost unchanged from the previous year. In general, the export price showed a significant increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 2,489% against the previous year. Over the period under review, the average export prices hit record highs at $58,810 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Myanmar.
From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to -0.1% per year.
Imports of Fibres; Synthetic Filament Tow, of Polyesters in the Philippines
In 2022, overseas purchases of fibres; synthetic filament tow, of polyesterses decreased by -47.2% to 125 tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a sharp setback. The pace of growth appeared the most rapid in 2020 with an increase of 115%. As a result, imports attained the peak of 560 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of fibres; synthetic filament tow, of polyesterses shrank sharply to $200K in 2022. In general, imports saw a slight curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 139% against the previous year. As a result, imports attained the peak of $504K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Fibres; Synthetic Filament Tow, of Polyesters in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 196 | 18.4 | 78.3 | -36.8% |
| Thailand | 1.9 | 2.1 | 40.4 | 53.7 | 204.6% |
| Vietnam | N/A | N/A | N/A | 52.1 | 0% |
| Indonesia | 99.4 | 66.6 | 56.9 | N/A | -24.3% |
| Taiwan (Chinese) | 98.4 | 222 | 137 | N/A | 18.0% |
| Others | 10.9 | 17.8 | 32.4 | 15.6 | 12.7% |
| Total | 211 | 504 | 285 | 200 | -1.8% |
Top Suppliers of Fibres; Synthetic Filament Tow, of Polyesters to the Philippines in 2022:
- China (72.9 tons)
- Vietnam (47.9 tons)
- Thailand (4.3 tons)
Exports of Fibres; Synthetic Filament Tow, of Polyesters in the Philippines
In 2022, shipments abroad of fibres; synthetic filament tow, of polyesterses decreased by 0% to 19 kg, falling for the second year in a row after two years of growth. In general, exports saw a pronounced setback. The pace of growth was the most pronounced in 2020 with an increase of 81% against the previous year. As a result, the exports reached the peak of 38 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of fibres; synthetic filament tow, of polyesterses totaled $1.1K in 2022. Over the period under review, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2020 with an increase of 78% against the previous year. As a result, the exports attained the peak of $2.2K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Fibres; Synthetic Filament Tow, of Polyesters in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 1.2 | 2.2 | N/A | 1.1 | -2.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.2 | 2.2 | N/A | 1.1 | -2.9% |
Top Export Markets for Fibres; Synthetic Filament Tow, of Polyesters from the Philippines in 2022:
- Myanmar (19.0 kg)
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