Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in the Philippines - 2023

Contents:

1. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in the Philippines (CIF) - 2022
2. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in the Philippines (FOB) - 2022
3. Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in the Philippines
4. Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in the Philippines

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in the Philippines (CIF) - 2022

In 2022, the average import price for textile fabrics; tyrecord of high tenacity yarn of viscose raya amounted to $574 per ton, which is down by -21.9% against the previous year. Over the period under review, the import price recorded a abrupt descent. The pace of growth was the most pronounced in 2016 when the average import price increased by 60%. Over the period under review, average import prices hit record highs at $1,712 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 ($6,181 per ton), while the price for China ($410 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.5%), while the prices for the other major suppliers experienced a decline.

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in the Philippines (FOB) - 2022

The average export price for textile fabrics; tyrecord of high tenacity yarn of viscose raya stood at $1,406 per ton in 2022, flattening at the previous year. Overall, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the average export price increased by 348%. The export price peaked at $10,100 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($802,000 per ton), while the average price for exports to Palau amounted to $431 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+30.5%), while the prices for the other major destinations experienced a decline.

Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in the Philippines

Imports of textile fabrics; tyrecord of high tenacity yarn of viscose raya into the Philippines plummeted to 256 tons in 2022, shrinking by -70.2% compared with the previous year. Over the period under review, imports showed a sharp downturn. The growth pace was the most rapid in 2021 with an increase of 147%.

In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of viscose raya fell dramatically to $147K in 2022. Overall, imports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 115%.

Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon to the Philippines in 2022:

1. China (248.4 tons)
2. Japan (6.0 tons)
3. Hong Kong SAR (0.9 tons)
4. Malaysia (0.8 tons)

Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in the Philippines

In 2022, overseas shipments of textile fabrics; tyrecord of high tenacity yarn of viscose raya decreased by 0% to 822 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 554%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of textile fabrics; tyrecord of high tenacity yarn of viscose raya amounted to $1.2K in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,383%. As a result, the exports attained the peak of $2.3K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon from the Philippines in 2022:

1. Palau (821.0 kg)

Source: IndexBox Market Intelligence Platform