Price for Ivory and Articles Thereof; Worked in the Philippines - 2022

Contents:

1. Price for Ivory and Articles Thereof; Worked in the Philippines (FOB) - 2022
2. Price for Ivory and Articles Thereof; Worked in the Philippines (CIF) - 2022
3. Exports of Ivory and Articles Thereof; Worked in the Philippines
4. Imports of Ivory and Articles Thereof; Worked in the Philippines

Price for Ivory and Articles Thereof; Worked in the Philippines (FOB) - 2022

The average export price for ivory and articles thereof; worked stood at $30,203 per ton in 2022, surging by 5.1% against the previous year. Overall, the export price continues to indicate prominent growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 197%. Over the period under review, the average export prices attained the maximum at $105,793 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($123,343 per ton), while the average price for exports to the United States totaled $25,099 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+18.8%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Ivory and Articles Thereof; Worked in the Philippines (CIF) - 2022

In 2022, the average import price for ivory and articles thereof; worked amounted to $22,399 per ton, dropping by -50% against the previous year. Over the period under review, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2016 an increase of 672%. As a result, import price reached the peak level of $753,936 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($20,635 per ton) and China ($17,961 per ton), while the price for Taiwan (Chinese) ($14,144 per ton) and Poland ($17,808 per ton) were amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by China (+97.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Ivory and Articles Thereof; Worked in the Philippines

In 2022, exports of ivory and articles thereof; worked from the Philippines surged to 18 tons, with an increase of 535% against 2021 figures. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ivory and articles thereof; worked exports soared to $552K in 2022. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Ivory and Articles Thereof; Worked from the Philippines in 2022:

1. United States (18.1 tons)
2. United Kingdom (0.1 tons)

Imports of Ivory and Articles Thereof; Worked in the Philippines

In 2022, the amount of ivory and articles thereof; worked imported into the Philippines skyrocketed to 1.6 tons, growing by 720% against 2021. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ivory and articles thereof; worked imports surged to $37K in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Ivory and Articles Thereof; Worked to the Philippines in 2022:

1. India (1131.0 kg)
2. China (259.0 kg)
3. Taiwan (Chinese) (142.0 kg)
4. Poland (116.0 kg)

Source: IndexBox Market Intelligence Platform