Price for Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in the Philippines - 2023

Contents:

1. Price for Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in the Philippines (FOB) - 2023
2. Price for Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in the Philippines (CIF) - 2022
3. Exports of Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in the Philippines
4. Imports of Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in the Philippines

Price for Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in the Philippines (FOB) - 2023

In December 2023, the average export price for handbags with outer surface of plastic sheeting or of textile materialses amounted to $13.1 per unit, with an increase of 92% against the previous month. Over the period under review, the export price, however, continues to indicate a perceptible descent. The pace of growth appeared the most rapid in July 2023 an increase of 108% month-to-month. Over the period under review, the average export prices hit record highs at $27.0 per unit in April 2023; however, from May 2023 to December 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was China ($18.3 per unit), while the average price for exports to New Zealand ($11.8 per unit) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-1.3%), while the prices for the other major destinations experienced a decline.

Price for Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in the Philippines (CIF) - 2022

In 2022, the average import price for handbags with outer surface of plastic sheeting or of textile materialses amounted to $1.1 per unit, jumping by 21% against the previous year. Over the period under review, the import price posted a resilient expansion. The growth pace was the most rapid in 2018 an increase of 122% against the previous year. The import price peaked at $2.7 per unit 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 Indonesia ($5 per unit), while the price for South Korea ($0.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in the Philippines

In 2022, overseas shipments of handbags with outer surface of plastic sheeting or of textile materialses decreased by -19.8% to 3.5M units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, enjoyed tangible growth. The pace of growth was the most pronounced in 2020 when exports increased by 95%. As a result, the exports reached the peak of 6.3M units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of handbags with outer surface of plastic sheeting or of textile materialses shrank slightly to $82M in 2022. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 188% against the previous year. As a result, the exports attained the peak of $89M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Handbags with Outer Surface of Plastic Sheeting or of Textile Materials from the Philippines in 2022:

1. United States (2644.5K units)
2. China (171.0K units)
3. Netherlands (167.6K units)
4. Japan (153.8K units)
5. Canada (106.5K units)
6. Taiwan (Chinese) (84.7K units)

Imports of Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in the Philippines

In 2022, imports of handbags with outer surface of plastic sheeting or of textile materialses into the Philippines contracted to 19M units, declining by -10.1% compared with 2021. Overall, imports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 405% against the previous year. As a result, imports attained the peak of 21M units, and then dropped in the following year.

In value terms, imports of handbags with outer surface of plastic sheeting or of textile materialses stood at $20M in 2022. Over the period under review, imports showed a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of 63% against the previous year. Imports peaked at $21M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Handbags with Outer Surface of Plastic Sheeting or of Textile Materials to the Philippines in 2022:

1. China (15.1M units)
2. Vietnam (0.8M units)
3. South Korea (0.5M units)

Source: IndexBox Market Intelligence Platform