Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in the Philippines - 2024
Contents:
- Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in the Philippines (CIF) - 2024
- Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in the Philippines (FOB) - 2022
- Imports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in the Philippines
- Exports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in the Philippines
Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in the Philippines (CIF) - 2024
In January 2024, the average import price for textile fabrics; impregnated, coated, covered or laminated with polyurethanes amounted to $3.9 per square meter, increasing by 43% against the previous month. In general, import price indicated temperate growth from January 2023 to January 2024: its price increased at an average monthly rate of +2.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for textile fabrics; impregnated, coated, covered or laminated with polyurethanes decreased by -6.3% against November 2023 indices. The most prominent rate of growth was recorded in February 2023 an increase of 57% m-o-m. As a result, import price attained the peak level of $4.6 per square meter. From March 2023 to January 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($6.5 per square meter), while the price for Hong Kong SAR ($1.5 per square meter) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in the Philippines (FOB) - 2022
The average export price for textile fabrics; impregnated, coated, covered or laminated with polyurethanes stood at $6.8 per square meter in 2022, rising by 75% against the previous year. In general, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 1,113% against the previous year. As a result, the export price reached the peak level of $28 per square meter. From 2020 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($15 per square meter), while the average price for exports to Japan ($3 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+70.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in the Philippines
In 2022, approx. 11M square meters of textile fabrics; impregnated, coated, covered or laminated with polyurethanes were imported into the Philippines; growing by 2.2% against 2021 figures. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of textile fabrics; impregnated, coated, covered or laminated with polyurethanes skyrocketed to $24M in 2022. The total import value increased at an average annual rate of +10.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.3 | 7.4 | 7.3 | 9.0 | 39.7% |
| South Korea | 8.5 | 4.6 | 7.8 | 8.4 | -0.4% |
| Taiwan (Chinese) | 1.5 | 3.2 | 1.2 | 2.4 | 17.0% |
| Vietnam | 1.3 | 0.4 | 1.2 | 2.0 | 15.4% |
| United States | 0.4 | 0.4 | 0.2 | 1.1 | 40.1% |
| Hong Kong SAR | 1.0 | 0.6 | 0.5 | 0.3 | -33.1% |
| Others | 2.0 | 0.5 | 0.9 | 1.1 | -18.1% |
| Total | 18.0 | 17.1 | 19.1 | 24.3 | 10.5% |
Top Suppliers of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane to the Philippines in 2022:
- China (5.8M square meters)
- South Korea (2.6M square meters)
- Taiwan (Chinese) (0.9M square meters)
- Vietnam (0.7M square meters)
- United States (0.2M square meters)
- Hong Kong SAR (0.1M square meters)
Exports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in the Philippines
In 2022, the amount of textile fabrics; impregnated, coated, covered or laminated with polyurethanes exported from the Philippines dropped dramatically to 2.2K square meters, declining by -62.7% on the previous year's figure. Overall, exports saw a sharp decline. The smallest decline of -60.3% was in 2021. Over the period under review, the exports of attained the maximum at 48K square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of textile fabrics; impregnated, coated, covered or laminated with polyurethanes dropped remarkably to $15K in 2022. Over the period under review, exports showed a sharp curtailment. Over the period under review, the exports of attained the peak figure at $1.4M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | N/A | 21.0 | N/A | 6.6 | -43.9% |
| Vietnam | 8.0 | 0.4 | N/A | 4.5 | -17.5% |
| United States | 1.0 | N/A | N/A | 2.9 | 42.6% |
| Japan | N/A | N/A | 0.6 | 0.5 | -16.7% |
| South Korea | N/A | 19.8 | 21.8 | N/A | 10.1% |
| Cambodia | 1,359 | N/A | N/A | N/A | 0% |
| Myanmar | N/A | 6.2 | N/A | N/A | 0% |
| Others | 1.9 | 2.3 | 0.1 | 0.3 | -46.0% |
| Total | 1,369 | 49.7 | 22.5 | 14.7 | -77.9% |
Top Export Markets for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane from the Philippines in 2022:
- Vietnam (1056.0 square meters)
- Taiwan (Chinese) (739.0 square meters)
- United States (195.0 square meters)
- Japan (156.0 square meters)
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