Price for Table Linen; of Man-Made Fibres, Not Knitted or Crocheted in the Philippines - 2023

Contents:

1. Price for Table Linen; of Man-Made Fibres, Not Knitted or Crocheted in the Philippines (CIF) - 2022
2. Price for Table Linen; of Man-Made Fibres, Not Knitted or Crocheted in the Philippines (FOB) - 2022
3. Imports of Table Linen; of Man-Made Fibres, Not Knitted or Crocheted in the Philippines
4. Exports of Table Linen; of Man-Made Fibres, Not Knitted or Crocheted in the Philippines

Price for Table Linen; of Man-Made Fibres, Not Knitted or Crocheted in the Philippines (CIF) - 2022

In 2022, the average import price for table linen; of man-made fibres, not knitted or crocheteds amounted to $7,700 per ton, increasing by 2.3% against the previous year. Overall, the import price recorded a significant increase. The growth pace was the most rapid in 2015 when the average import price increased by 76% against the previous year. Over the period under review, average import prices hit record highs at $8,014 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($7,703 per ton), while the price for China ($7,700 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+40.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Table Linen; of Man-Made Fibres, Not Knitted or Crocheted in the Philippines (FOB) - 2022

In 2022, the average export price for table linen; of man-made fibres, not knitted or crocheteds amounted to $10,432 per ton, approximately reflecting the previous year. Overall, the export price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 125%. Over the period under review, the average export prices reached the peak figure at $14,478 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($10,472 per ton), while the average price for exports to Qatar stood at $10,250 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+41.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table Linen; of Man-Made Fibres, Not Knitted or Crocheted in the Philippines

In 2022, the amount of table linen; of man-made fibres, not knitted or crocheteds imported into the Philippines skyrocketed to 46 tons, picking up by 70% on the year before. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 83%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of table linen; of man-made fibres, not knitted or crocheteds skyrocketed to $353K in 2022. In general, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 85%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Table Linen; of Man-Made Fibres, Not Knitted or Crocheted to the Philippines in 2022:

1. China (39.7 tons)
2. Taiwan (Chinese) (4.3 tons)
3. Hong Kong SAR (0.8 tons)

Exports of Table Linen; of Man-Made Fibres, Not Knitted or Crocheted in the Philippines

For the third consecutive year, the Philippines recorded decline in shipments abroad of table linen; of man-made fibres, not knitted or crocheteds, which decreased by 0% to 44 kg in 2022. Overall, exports showed a significant contraction. The smallest decline of -99.2% was in 2020.

In value terms, exports of table linen; of man-made fibres, not knitted or crocheteds totaled $459 in 2022. Over the period under review, exports continue to indicate a sharp downturn. The smallest decline of -99.3% was in 2020.

Top Export Markets for Table Linen; of Man-Made Fibres, Not Knitted or Crocheted from the Philippines in 2022:

1. United States (36.0 kg)
2. Qatar (8.0 kg)

Source: IndexBox Market Intelligence Platform