Price for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in the Philippines - 2024
Contents:
- Price for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in the Philippines (CIF) - 2022
- Price for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in the Philippines (FOB) - 2022
- Imports of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in the Philippines
- Exports of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in the Philippines
Price for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in the Philippines (CIF) - 2022
The average import price for glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses stood at $2.8 per unit in 2022, growing by 11% against the previous year. Over the period under review, import price indicated buoyant growth from 2017 to 2022: its price increased at an average annual rate of +10.3% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses increased by +63.5% against 2017 indices. The growth pace was the most rapid in 2021 an increase of 18%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 China ($2.9 per unit), while the price for Thailand totaled $1.1 per unit.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.2%).
Price for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in the Philippines (FOB) - 2022
In 2022, the average export price for glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses amounted to $2.1 per unit, with a decrease of -28.4% against the previous year. In general, export price indicated a buoyant expansion from 2017 to 2022: its price increased at an average annual rate of +6.7% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses increased by +32.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 85%. As a result, the export price reached the peak level of $3 per unit, and then dropped notably in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($6.3 per unit), while the average price for exports to Bahrain ($850 per thousand units) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+87.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in the Philippines
In 2022, after two years of decline, there was significant growth in supplies from abroad of glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses, when their volume increased by 51% to 4.8M units. Overall, imports, however, showed a perceptible descent. Over the period under review, imports of hit record highs at 5.5M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses soared to $13M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 9.8 | 9.2 | 7.6 | 12.8 | 9.3% |
Thailand | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
Others | 0.8 | 0.3 | 0.2 | 0.3 | -27.9% |
Total | 10.9 | 9.8 | 8.0 | 13.4 | 7.1% |
Top Suppliers of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics to the Philippines in 2022:
- China (4.5M units)
- Thailand (0.2M units)
Exports of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in the Philippines
In 2022, exports of glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses from the Philippines shrank notably to 798 units, waning by -74.3% against the year before. Overall, exports saw a dramatic descent. The smallest decline of -50.2% was in 2021. Over the period under review, the exports of attained the maximum at 28K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses dropped notably to $1.7K in 2022. Over the period under review, exports recorded a dramatic setback. The smallest decline of -7.8% was in 2021. Over the period under review, the exports of attained the maximum at $63K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Maldives | 0.4 | N/A | N/A | 0.3 | -9.1% |
Singapore | N/A | N/A | N/A | 0.3 | 0% |
South Korea | N/A | N/A | 0.1 | 0.2 | 100.0% |
Bahrain | N/A | N/A | N/A | 0.1 | 0% |
Canada | N/A | N/A | 0.1 | 0.1 | 0.0% |
United Arab Emirates | 0.1 | N/A | 3.1 | 0.1 | 0.0% |
New Zealand | N/A | 0.4 | N/A | 0.1 | -50.0% |
Hong Kong SAR | 3.1 | 6.7 | 0.6 | N/A | -56.0% |
Guatemala | 0.2 | N/A | N/A | N/A | 0% |
United Kingdom | 56.9 | N/A | N/A | N/A | 0% |
France | 0.6 | N/A | 0.1 | N/A | -59.2% |
Papua New Guinea | 0.5 | N/A | N/A | N/A | 0% |
Brazil | 0.7 | 0.1 | N/A | N/A | -85.7% |
Others | 1.0 | 2.6 | 5.2 | 0.5 | -20.6% |
Total | 63.4 | 10.0 | 9.2 | 1.7 | -70.1% |
Top Export Markets for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics from the Philippines in 2022:
- Maldives (286.0 units)
- Bahrain (167.0 units)
- New Zealand (68.0 units)
- Canada (67.0 units)
- South Korea (46.0 units)
- Singapore (42.0 units)
- United Arab Emirates (31.0 units)
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