Wood; Clothes Hangers Price in the Philippines - 2023

Contents:

1. Wood; Clothes Hangers Price in the Philippines (CIF) - 2022
2. Wood; Clothes Hangers Price in the Philippines (FOB) - 2022
3. Wood; Clothes Hangers Imports in the Philippines
4. Wood; Clothes Hangers Exports in the Philippines

Wood; Clothes Hangers Price in the Philippines (CIF) - 2022

The average wood; clothes hangers import price stood at $4,451 per ton in 2022, with an increase of 8.4% against the previous year. Over the period under review, the import price recorded strong growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 100%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($4,451 per ton) and Hong Kong SAR ($4,451 per ton), while the price for China ($4,451 per ton) and South Korea ($4,451 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Wood; Clothes Hangers Price in the Philippines (FOB) - 2022

In 2022, the average wood; clothes hangers export price amounted to $5,058 per ton, surging by 4.5% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2015 an increase of 171%. As a result, the export price reached the peak level of $11,233 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($5,058 per ton), while the average price for exports to Singapore totaled $5,058 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+21.2%), while the prices for the other major destinations experienced mixed trend patterns.

Wood; Clothes Hangers Imports in the Philippines

For the third year in a row, the Philippines recorded decline in supplies from abroad of wood; clothes hangerses, which decreased by -20.3% to 195 tons in 2022. Over the period under review, imports saw a sharp curtailment. The smallest decline of -10.4% was in 2021.

In value terms, wood; clothes hangers imports fell to $867K in 2022. Overall, imports saw a abrupt shrinkage. The smallest decline of -1.7% was in 2021.

Top Suppliers of Wood; Clothes Hangers to the Philippines in 2022:

1. China (177.7 tons)
2. Japan (5.4 tons)
3. South Korea (3.8 tons)
4. Hong Kong SAR (1.8 tons)

Wood; Clothes Hangers Exports in the Philippines

In 2022, approx. 89 tons of wood; clothes hangerses were exported from the Philippines; rising by 332% against the previous year. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 9,303%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, wood; clothes hangers exports soared to $452K in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 6,869%. The exports peaked in 2022 and are likely to continue growth in the near future.

Top Export Markets for Wood; Clothes Hangers from the Philippines in 2022:

1. Singapore (79.5 tons)
2. Japan (8.8 tons)

Source: IndexBox Market Intelligence Platform