Price for Rubber Thread and Cord; Textile Covered in the Philippines - 2024
Contents:
- Price for Rubber Thread and Cord; Textile Covered in the Philippines (CIF) - 2022
- Price for Rubber Thread and Cord; Textile Covered in the Philippines (FOB) - 2022
- Imports of Rubber Thread and Cord; Textile Covered in the Philippines
- Exports of Rubber Thread and Cord; Textile Covered in the Philippines
Price for Rubber Thread and Cord; Textile Covered in the Philippines (CIF) - 2022
The average import price for rubber thread and cord; textile covereds stood at $21,869 per ton in 2022, surging by 72% against the previous year. Over the period under review, the import price showed a resilient expansion. The growth pace was the most rapid in 2021 when the average import price increased by 2,334%. Over the period under review, average import prices reached the peak figure 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 Japan ($99,961 per ton), while the price for China ($4,390 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber Thread and Cord; Textile Covered in the Philippines (FOB) - 2022
The average export price for rubber thread and cord; textile covereds stood at $2,667 per ton in 2022, approximately equating the previous year. Over the period under review, the export price showed a pronounced contraction. The most prominent rate of growth was recorded in 2019 an increase of 98%. As a result, the export price reached the peak level of $12,745 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +6.1% per year.
Imports of Rubber Thread and Cord; Textile Covered in the Philippines
After two years of decline, supplies from abroad of rubber thread and cord; textile covereds increased by 23% to 125 tons in 2022. Overall, imports, however, continue to indicate a drastic downturn.
In value terms, imports of rubber thread and cord; textile covereds soared to $2.7M in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 1,878%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Rubber Thread and Cord; Textile Covered in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 39.6 | N/A | 992 | 2,093 | 275.3% |
| China | 54.8 | 2.0 | 252 | 396 | 93.3% |
| Australia | N/A | N/A | N/A | 80.1 | 0% |
| Malaysia | 14.0 | N/A | 20.8 | 68.5 | 69.8% |
| South Korea | 47.5 | N/A | 0.2 | 4.1 | -55.8% |
| Thailand | 74.1 | 63.9 | N/A | N/A | -13.8% |
| Others | 43.9 | N/A | 40.2 | 100 | 31.6% |
| Total | 274 | 65.9 | 1,304 | 2,742 | 115.5% |
Top Suppliers of Rubber Thread and Cord; Textile Covered to the Philippines in 2022:
- China (90.3 tons)
- Japan (20.9 tons)
- Malaysia (6.5 tons)
- Australia (4.7 tons)
- South Korea (0.2 tons)
Exports of Rubber Thread and Cord; Textile Covered in the Philippines
After two years of decline, shipments abroad of rubber thread and cord; textile covereds decreased by 0% to 12 kg in 2022. Over the period under review, exports faced a dramatic setback. The smallest decline of 99.9% was in 2020.
In value terms, exports of rubber thread and cord; textile covereds totaled $32 in 2022. In general, exports showed a dramatic contraction. The smallest decline of 99.9% was in 2020.
| Export of Rubber Thread and Cord; Textile Covered in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | N/A | 0% |
| India | 0.6 | N/A | N/A | N/A | 0% |
| Singapore | 5.6 | N/A | N/A | N/A | 0% |
| Australia | 36.9 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 43.2 | N/A | N/A | N/A | 0% |
Top Export Markets for Rubber Thread and Cord; Textile Covered from the Philippines in 2022:
- China (12.0 kg)
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