Price for Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in the Philippines - 2023
Contents:
- Price for Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in the Philippines (CIF) - 2022
- Price for Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in the Philippines (FOB) - 2022
- Imports of Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in the Philippines
- Exports of Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in the Philippines
Price for Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in the Philippines (CIF) - 2022
In 2022, the average import price for textile machinery; for extruding, drawing, texturing or cutting man-made textile materialses amounted to $776 per unit, waning by -5.2% against the previous year. In general, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2015 when the average import price increased by 74%. Over the period under review, average import prices hit record highs at $3,331 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($3,216 per unit), while the price for Hong Kong SAR ($199 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+21.0%), while the prices for the other major suppliers experienced a decline.
Price for Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in the Philippines (FOB) - 2022
In 2022, the average export price for textile machinery; for extruding, drawing, texturing or cutting man-made textile materialses amounted to $199 per unit, jumping by 528% against the previous year. In general, the export price, however, faced a significant contraction. The growth pace was the most rapid in 2017 when the average export price increased by 24,888%. The export price peaked at $4,076 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($237 per unit), while the average price for exports to Malaysia ($8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+68.5%), while the prices for the other major destinations experienced a decline.
Imports of Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in the Philippines
In 2022, imports of textile machinery; for extruding, drawing, texturing or cutting man-made textile materialses into the Philippines soared to 3.6K units, increasing by 977% against 2021. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of textile machinery; for extruding, drawing, texturing or cutting man-made textile materialses skyrocketed to $2.8M in 2022. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 431 | 387 | 144 | 1,005 | 32.6% |
| Japan | 2.6 | 43.6 | 46.4 | 699 | 545.4% |
| United Kingdom | 21.0 | 20.2 | 18.4 | 262 | 131.9% |
| Taiwan (Chinese) | 30.9 | 1.3 | 33.3 | 60.0 | 24.8% |
| Singapore | 0.2 | 0.1 | N/A | 59.0 | 565.7% |
| Hong Kong SAR | 37.7 | 1.9 | 2.6 | 11.1 | -33.5% |
| Others | 151 | 48.3 | 31.4 | 720 | 68.3% |
| Total | 674 | 503 | 276 | 2,816 | 61.1% |
Top Suppliers of Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials to the Philippines in 2022:
- China (1856.0 units)
- Japan (1322.0 units)
- United Kingdom (102.0 units)
- Taiwan (Chinese) (74.0 units)
- Singapore (71.0 units)
- Hong Kong SAR (56.0 units)
Exports of Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in the Philippines
For the fourth year in a row, the Philippines recorded growth in overseas shipments of textile machinery; for extruding, drawing, texturing or cutting man-made textile materialses, which increased by 75% to 7 units in 2022. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of textile machinery; for extruding, drawing, texturing or cutting man-made textile materialses soared to $1.4K in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | N/A | N/A | 947 | 0% |
| India | 75.0 | 84.0 | 80.0 | 202 | 39.1% |
| South Korea | 18.0 | 15.0 | 10.0 | 12.0 | -12.6% |
| Malaysia | 3.0 | 3.0 | 3.0 | 8.0 | 38.7% |
| Norway | N/A | 30.0 | N/A | N/A | 0% |
| Switzerland | N/A | N/A | 34.0 | N/A | 0% |
| Estonia | 19.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 226 | 0% |
| Total | 115 | 132 | 127 | 1,395 | 129.8% |
Top Export Markets for Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials from the Philippines in 2022:
- Singapore (4.0 units)
- Malaysia (1.0 units)
- South Korea (1.0 units)
- India (1.0 units)
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