Philippines - Textile Products And Articles For Technical Uses - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTechnical Textiles Price in the Philippines - 2023
Contents:
- Technical Textiles Price in the Philippines (CIF) - 2022
- Technical Textiles Price in the Philippines (FOB) - 2022
- Technical Textiles Imports in the Philippines
- Technical Textiles Exports in the Philippines
Technical Textiles Price in the Philippines (CIF) - 2022
The average technical textiles import price stood at $1,798 per ton in 2022, reducing by -11.2% against the previous year. Overall, the import price saw a deep slump. The pace of growth was the most pronounced in 2014 when the average import price increased by 20% against the previous year. As a result, import price attained the peak level of $8,871 per ton. From 2015 to 2022, the average 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 ($9,002 per ton), while the price for Taiwan (Chinese) ($1,041 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.3%), while the prices for the other major suppliers experienced a decline.
Technical Textiles Price in the Philippines (FOB) - 2022
The average technical textiles export price stood at $12,822 per ton in 2022, shrinking by -33.8% against the previous year. In general, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 87%. As a result, the export price attained the peak level of $42,212 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($14,457 per ton), while the average price for exports to Germany ($4,501 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 Cambodia (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.
Technical Textiles Imports in the Philippines
Technical textiles imports into the Philippines skyrocketed to 40K tons in 2022, with an increase of 127% compared with 2021. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, technical textiles imports skyrocketed to $73M in 2022. Over the period under review, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Technical Textiles in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 15.7 | 11.7 | 18.1 | 35.6 | 31.4% |
Japan | 3.4 | 3.1 | 4.3 | 9.0 | 38.3% |
Malaysia | 1.5 | 1.4 | 2.2 | 4.8 | 47.4% |
Taiwan (Chinese) | 1.1 | 0.6 | 1.0 | 2.1 | 24.1% |
Vietnam | 0.8 | 1.4 | 0.1 | 1.6 | 26.0% |
Others | 14.3 | 8.9 | 10.3 | 19.4 | 10.7% |
Total | 36.7 | 27.2 | 36.0 | 72.6 | 25.5% |
Top Suppliers of Technical Textiles to the Philippines in 2022:
- China (32.3K tons)
- Taiwan (Chinese) (2.1K tons)
- Malaysia (1.5K tons)
- Vietnam (1.1K tons)
- Japan (1.0K tons)
Technical Textiles Exports in the Philippines
In 2022, overseas shipments of textile products and articles for technical uses decreased by -0.8% to 390 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 92%. As a result, the exports reached the peak of 394 tons, leveling off in the following year.
In value terms, technical textiles exports declined rapidly to $5M in 2022. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, the exports reached the peak of $7.6M, and then declined sharply in the following year.
Export of Technical Textiles in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 2,287 | 3,772 | 5,566 | 3,633 | 16.7% |
Australia | 249 | 36.7 | 1,039 | 577 | 32.3% |
Canada | 72.2 | 10.4 | 1.4 | 431 | 81.4% |
United States | 126 | 879 | 618 | 146 | 5.0% |
Netherlands | 40.9 | 5.8 | 123 | 68.3 | 18.6% |
Malaysia | 64.7 | 35.8 | 102 | 56.6 | -4.4% |
Germany | 17.1 | 41.8 | 0.9 | 36.3 | 28.5% |
Others | 423 | 192 | 170 | 55.8 | -49.1% |
Total | 3,279 | 4,973 | 7,621 | 5,005 | 15.1% |
Top Export Markets for Technical Textiles from the Philippines in 2022:
- Japan (276.8 tons)
- Australia (39.9 tons)
- Canada (39.5 tons)
- United States (10.2 tons)
- Germany (8.1 tons)
- Malaysia (7.0 tons)
- Netherlands (6.3 tons)
This report provides an in-depth analysis of the technical textiles market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13961620 - Textile hosepiping and similar textile tubing, whether or not impregnated or coated, with or without lining, armour or accessories of other materials
- Prodcom 13961650 - Textile wicks, conveyor belts or belting (including reinforced with metal or other material)
- Prodcom 13961680 - Textile fabrics and felts, for paper-making machines or similar machines (including for pulp or asbestos-cement)
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the technical textiles market in the Philippines.
This report provides an in-depth analysis of the textile wick market in the Philippines.
This report provides an in-depth analysis of the global technical textiles market.
Global Textile Wick Market Report 2018. This report provides an in-depth analysis of the global textile wick market.
This report provides an in-depth analysis of the technical textiles market in the Philippines.
This report provides an in-depth analysis of the textile wick market in the Philippines.
This report provides an in-depth analysis of the global technical textiles market.
Global Textile Wick Market Report 2018. This report provides an in-depth analysis of the global textile wick market.
Explore the top import markets for technical textiles based on import value data from the IndexBox market intelligence platform. Learn about the leading countries and their key statistics.
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Explore the top import markets for technical textiles based on import value data from the IndexBox market intelligence platform. Learn about the leading countries and their key statistics.
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