Price for Knitted or Crocheted Pile Fabrics in the Philippines - 2023
Contents:
- Price for Knitted or Crocheted Pile Fabrics in the Philippines (CIF) - 2022
- Price for Knitted or Crocheted Pile Fabrics in the Philippines (FOB) - 2022
- Imports of Knitted or Crocheted Pile Fabrics in the Philippines
- Exports of Knitted or Crocheted Pile Fabrics in the Philippines
Price for Knitted or Crocheted Pile Fabrics in the Philippines (CIF) - 2022
The average import price for knitted or crocheted pile fabricses stood at $5,963 per ton in 2022, growing by 35% against the previous year. Over the period under review, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 51% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($11,486 per ton), while the price for Thailand ($2,811 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Knitted or Crocheted Pile Fabrics in the Philippines (FOB) - 2022
In 2022, the average export price for knitted or crocheted pile fabricses amounted to $27,605 per ton, growing by 98% against the previous year. Over the period under review, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 99%. The export price peaked in 2022 and is likely to continue growth in the near future.
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 China ($43,567 per ton), while the average price for exports to South Korea stood at $11,634 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+30.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Knitted or Crocheted Pile Fabrics in the Philippines
In 2022, imports of knitted or crocheted pile fabricses into the Philippines reduced to 2.3K tons, with a decrease of -13.7% against 2021 figures. In general, imports faced a dramatic setback. The growth pace was the most rapid in 2021 with an increase of 8.6% against the previous year.
In value terms, knitted or crocheted pile fabrics imports surged to $14M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Knitted or Crocheted Pile Fabrics in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.1 | 4.0 | 4.8 | 8.2 | 4.9% |
| Taiwan (Chinese) | 1.7 | 1.1 | 1.4 | 2.9 | 19.5% |
| Vietnam | 0.8 | 0.2 | 2.0 | 1.4 | 20.5% |
| South Korea | 2.9 | 2.6 | 2.0 | 0.5 | -44.3% |
| Hong Kong SAR | 0.3 | 0.5 | 0.5 | 0.2 | -12.6% |
| Thailand | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | 0.7 | 0.5 | 1.1 | 0.6 | -5.0% |
| Total | 13.6 | 9.0 | 11.9 | 13.9 | 0.7% |
Top Suppliers of Knitted or Crocheted Pile Fabrics to the Philippines in 2022:
- China (1623.8 tons)
- Vietnam (292.5 tons)
- Taiwan (Chinese) (250.5 tons)
- South Korea (55.6 tons)
- Hong Kong SAR (35.1 tons)
- Thailand (29.3 tons)
Exports of Knitted or Crocheted Pile Fabrics in the Philippines
In 2022, the amount of knitted or crocheted pile fabricses exported from the Philippines shrank notably to 1.6 tons, falling by -89.4% against the previous year. In general, exports faced a sharp decline. The smallest decline of -3.2% was in 2020.
In value terms, knitted or crocheted pile fabrics exports reduced rapidly to $44K in 2022. Overall, exports saw a precipitous curtailment. The growth pace was the most rapid in 2020 with an increase of 93% against the previous year.
| Export of Knitted or Crocheted Pile Fabrics in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.5 | 60.4 | N/A | 34.6 | 53.9% |
| South Korea | 12.6 | 5.6 | N/A | 9.0 | -10.6% |
| Thailand | 5.9 | N/A | N/A | N/A | 0% |
| Vietnam | 20.1 | 96.8 | N/A | N/A | 381.6% |
| Cambodia | 0.9 | 3.6 | 70.2 | N/A | 783.2% |
| Brunei Darussalam | 5.8 | N/A | 122 | N/A | 358.6% |
| Lebanon | 12.0 | N/A | N/A | N/A | 0% |
| Oman | N/A | N/A | 2.1 | N/A | 0% |
| Canada | N/A | N/A | 13.6 | N/A | 0% |
| Others | 21.7 | 4.3 | 0.7 | 0.2 | -79.0% |
| Total | 88.5 | 171 | 208 | 43.8 | -20.9% |
Top Export Markets for Knitted or Crocheted Pile Fabrics from the Philippines in 2022:
- China (794.0 kg)
- South Korea (777.0 kg)
880
This report provides an in-depth analysis of the knitted fabric market in the Philippines.
341
This report provides an in-depth analysis of the market for pile and terry fabric in the Philippines.
2844
This report provides an in-depth analysis of the global knitted fabric market.
556
Global Pile and Terry Fabric Market Report 2018. This report provides an in-depth analysis of the global market for pile and terry fabric.
880
This report provides an in-depth analysis of the knitted fabric market in the Philippines.
341
This report provides an in-depth analysis of the market for pile and terry fabric in the Philippines.
2844
This report provides an in-depth analysis of the global knitted fabric market.
556
Global Pile and Terry Fabric Market Report 2018. This report provides an in-depth analysis of the global market for pile and terry fabric.
248
Explore the top import markets for knitted fabric in 2023, including Vietnam, Cambodia, Indonesia, and more. Learn about the major players in the global textile industry.
2237
In value terms, sewing and knitting needles, bodkins, crochet hooks imports amounted to $X in 2016. Overall, sewing and knitting needles, bodkins, crochet hooks imports continue to indicate a relat...
747
In value terms, knitting machines, stitch-bonding machines imports amounted to $X in 2016. Overall, knitting machines, stitch-bonding machines imports continue to indicate a significant decline. Gl...
1113
In value terms, sewing and knitting needles, bodkins, crochet hooks exports stood at $X in 2016. In general, sewing and knitting needles, bodkins, crochet hooks exports continue to indicate a relat...
939
In value terms, knitting machines, stitch-bonding machines exports totaled $X in 2016. In general, knitting machines, stitch-bonding machines exports continue to indicate a abrupt setback. Over the...
2363
Global knitted fabric imports amounted to X tons in 2016, growing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- t...
1497
Global knitted fabric imports amounted to X tons in 2016, growing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- t...
1323
In value terms, hoopwood imports totaled $X in 2016. Overall, hoopwood imports continue to indicate a relatively flat trend pattern. In that year, global hoopwood imports attained its maximum level...
1394
In value terms, hoopwood exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern remained r...
248
Explore the top import markets for knitted fabric in 2023, including Vietnam, Cambodia, Indonesia, and more. Learn about the major players in the global textile industry.
