Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in the Philippines - 2024

Contents:

1. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in the Philippines (FOB) - 2022
2. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in the Philippines (CIF) - 2022
3. Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in the Philippines
4. Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in the Philippines

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in the Philippines (FOB) - 2022

In 2022, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $726 per ton, picking up by 23% against the previous year. Overall, the export price, however, continues to indicate a slight reduction. The pace of growth was the most pronounced in 2018 when the average export price increased by 196% against the previous year. As a result, the export price reached the peak level of $1,210 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +34.1% per year.

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in the Philippines (CIF) - 2022

In 2022, the average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $8,404 per ton, approximately mirroring the previous year. Overall, the import price recorded a resilient increase. The pace of growth was the most pronounced in 2013 a decrease of -87.1% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to 0.0% per year.

Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in the Philippines

In 2022, approx. 140 tons of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses were exported from the Philippines; waning by -21.3% compared with the year before. Over the period under review, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 69% against the previous year.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses shrank modestly to $101K in 2022. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 96% against the previous year.

Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres from the Philippines in 2022:

1. India (139.6 tons)

Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in the Philippines

In 2022, approx. 89 kg of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses were imported into the Philippines; remaining relatively unchanged against 2021 figures. Over the period under review, imports faced a dramatic decline. The smallest decline of 99.9% was in 2021.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $748 in 2022. Overall, imports recorded a sharp decline. The smallest decline of 99.9% was in 2021.

Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres to the Philippines in 2022:

1. China (89.0 kg)

Source: IndexBox Market Intelligence Platform