Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in the Philippines - 2023

Contents:

1. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in the Philippines (CIF) - 2022
2. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in the Philippines (FOB) - 2022
3. Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in the Philippines
4. Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in the Philippines

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in the Philippines (CIF) - 2022

The average import price for twine, cordage or rope; knotted netting, of other than man-made textileses stood at $1,116 per ton in 2022, dropping by -4.4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 23%. The import price peaked at $1,306 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($3,070 per ton), while the price for Thailand ($732 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in the Philippines (FOB) - 2022

The average export price for twine, cordage or rope; knotted netting, of other than man-made textileses stood at $10,831 per ton in 2022, surging by 371% against the previous year. Overall, the export price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 1,565%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Papua New Guinea.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -0.4% per year.

Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in the Philippines

Imports of twine, cordage or rope; knotted netting, of other than man-made textileses into the Philippines fell significantly to 1.2K tons in 2022, which is down by -35.3% compared with the previous year's figure. Overall, imports recorded a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 24% against the previous year. As a result, imports attained the peak of 1.9K tons, and then fell significantly in the following year.

In value terms, imports of twine, cordage or rope; knotted netting, of other than man-made textileses dropped remarkably to $1.4M in 2022. In general, imports faced a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 25%.

Top Suppliers of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles to the Philippines in 2022:

1. China (724.2 tons)
2. Thailand (248.0 tons)
3. Japan (216.2 tons)
4. Vietnam (19.9 tons)

Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in the Philippines

Exports of twine, cordage or rope; knotted netting, of other than man-made textileses from the Philippines skyrocketed to 31 tons in 2022, with an increase of 19% against 2021. Overall, exports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 1,624%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of twine, cordage or rope; knotted netting, of other than man-made textileses soared to $339K in 2022. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 615%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Export Markets for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles from the Philippines in 2022:

1. Papua New Guinea (31.3 tons)

Source: IndexBox Market Intelligence Platform