Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in the Philippines - 2024

Contents:

1. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in the Philippines (CIF) - 2022
2. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in the Philippines (FOB) - 2022
3. Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in the Philippines
4. Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in the Philippines

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in the Philippines (CIF) - 2022

In 2022, the average import price for yarn of other vegetable textile fibres; paper yarns amounted to $2,708 per ton, rising by 30% against the previous year. Over the period under review, the import price showed mild growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 283% against the previous year. The import price peaked at $27,508 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 China ($17,238 per ton), while the price for Italy ($2,582 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+491.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in the Philippines (FOB) - 2022

The average export price for yarn of other vegetable textile fibres; paper yarns stood at $7,291 per ton in 2022, shrinking by -5.7% against the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 100% against the previous year. Over the period under review, the average export prices reached the peak figure at $26,695 per ton in 2012; however, from 2013 to 2022, the 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 Indonesia ($14,533 per ton), while the average price for exports to China ($6,905 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+40.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in the Philippines

In 2022, imports of yarn of other vegetable textile fibres; paper yarns into the Philippines soared to 106 tons, with an increase of 90% compared with the previous year's figure. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 5,575% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of yarn of other vegetable textile fibres; paper yarns skyrocketed to $288K in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 859% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Yarn of Other Vegetable Textile Fibres; Paper Yarn to the Philippines in 2022:

1. Italy (79.2 tons)
2. Netherlands (26.4 tons)
3. Vietnam (0.1 tons)

Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in the Philippines

In 2022, exports of yarn of other vegetable textile fibres; paper yarns from the Philippines amounted to 7.8 tons, with an increase of 2.1% on the previous year's figure. In general, exports, however, saw a dramatic curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 41%.

In value terms, exports of yarn of other vegetable textile fibres; paper yarns shrank slightly to $57K in 2022. Over the period under review, exports, however, recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 18%.

Top Export Markets for Yarn of Other Vegetable Textile Fibres; Paper Yarn from the Philippines in 2022:

1. China (7.1 tons)
2. Taiwan (Chinese) (0.4 tons)
3. Indonesia (0.3 tons)

Source: IndexBox Market Intelligence Platform