Price for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in the Philippines - 2024
Contents:
- Price for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in the Philippines (CIF) - 2024
- Price for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in the Philippines (FOB) - 2022
- Imports of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in the Philippines
- Exports of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in the Philippines
Price for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in the Philippines (CIF) - 2024
In February 2024, the average import price for wadding; other articles thereof, other than of cotton or man-made fibreses amounted to $9,675 per ton, surging by 80% against the previous month. In general, the import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 215% against the previous month. The import price peaked at $16,430 per ton in August 2023; however, from September 2023 to February 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($14,598 per ton), while the price for Pakistan ($9,616 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by China (+14.8%), while the prices for the other major suppliers experienced a decline.
Price for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in the Philippines (FOB) - 2022
In 2022, the average export price for wadding; other articles thereof, other than of cotton or man-made fibreses amounted to $9,707 per ton, leveling off at the previous year. Over the period under review, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of 13%. The export price peaked at $18,112 per ton in 2013; however, from 2014 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 Finland ($115,345 per ton), while the average price for exports to Germany ($2,676 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Palau (+945.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in the Philippines
In 2022, approx. 69 tons of wadding; other articles thereof, other than of cotton or man-made fibreses were imported into the Philippines; growing by 1.7% compared with the previous year's figure. Over the period under review, imports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 25%.
In value terms, imports of wadding; other articles thereof, other than of cotton or man-made fibreses rose markedly to $388K in 2022. Overall, imports, however, recorded a abrupt contraction.
| Import of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 100 | N/A | 131 | 205 | 27.0% |
| China | 65.2 | 61.5 | 72.4 | 61.2 | -2.1% |
| Vietnam | N/A | N/A | N/A | 51.8 | 0% |
| Japan | 0.1 | N/A | 1.0 | 32.4 | 586.8% |
| South Korea | 112 | 106 | 43.6 | 29.9 | -35.6% |
| Malta | 96.7 | 44.2 | N/A | N/A | -54.3% |
| Indonesia | N/A | 113 | 6.9 | N/A | -93.9% |
| Turkey | N/A | 18.8 | 57.0 | N/A | 203.2% |
| Others | 181 | 39.7 | 30.9 | 8.5 | -63.9% |
| Total | 555 | 383 | 343 | 388 | -11.2% |
Top Suppliers of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres to the Philippines in 2022:
- China (32.6 tons)
- Pakistan (26.7 tons)
- Vietnam (4.8 tons)
- Japan (2.9 tons)
- South Korea (2.1 tons)
Exports of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in the Philippines
After two years of decline, overseas shipments of wadding; other articles thereof, other than of cotton or man-made fibreses decreased by 0% to 6 tons in 2022. Overall, exports continue to indicate significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of wadding; other articles thereof, other than of cotton or man-made fibreses stood at $58K in 2022. Over the period under review, exports enjoyed a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 1.0 | N/A | N/A | 26.4 | 197.8% |
| Canada | N/A | N/A | N/A | 8.4 | 0% |
| Italy | 1.3 | N/A | N/A | 6.1 | 67.4% |
| Germany | N/A | N/A | N/A | 5.2 | 0% |
| United Kingdom | N/A | N/A | N/A | 4.9 | 0% |
| New Zealand | N/A | N/A | N/A | 1.1 | 0% |
| Singapore | N/A | N/A | N/A | 1.0 | 0% |
| Others | 0.5 | N/A | N/A | 4.6 | 109.5% |
| Total | 2.8 | N/A | N/A | 57.8 | 174.3% |
Top Export Markets for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres from the Philippines in 2022:
- Germany (1953.0 kg)
- Canada (1554.0 kg)
- Italy (970.0 kg)
- United Kingdom (659.0 kg)
- New Zealand (318.0 kg)
- Finland (229.0 kg)
- Singapore (128.0 kg)
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