Price for Fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibres in the Philippines - 2023
Contents:
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in the Philippines (CIF) - 2022
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in the Philippines (FOB) - 2022
- Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in the Philippines
- Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in the Philippines
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in the Philippines (CIF) - 2022
The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses stood at $224 per ton in 2022, dropping by -41.1% against the previous year. Over the period under review, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 13% against the previous year. Over the period under review, average import prices hit record highs at $399 per ton in 2016; however, from 2017 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 Taiwan (Chinese) ($636 per ton), while the price for China ($102 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in the Philippines (FOB) - 2022
The average export price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses stood at $250 per ton in 2022, standing approx. at the previous year. Overall, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 an increase of 28% against the previous year. As a result, the export price attained the peak level of $655 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($628 per ton), while the average price for exports to Thailand ($59 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) (+5.9%), while the prices for the other major destinations experienced a decline.
Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in the Philippines
In 2022, imports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses into the Philippines rose notably to 1.2K tons, growing by 11% on 2021. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 568%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses contracted dramatically to $279K in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 654%. As a result, imports reached the peak of $428K, and then reduced dramatically in the following year.
| Import of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 0.8 | 0.6 | 2.7 | 85.8 | 375.1% |
| Thailand | 1.5 | 1.5 | 10.5 | 77.1 | 271.8% |
| India | 0.7 | 0.5 | 2.4 | 54.1 | 326.0% |
| Vietnam | 1.2 | 1.0 | 5.5 | 25.2 | 175.9% |
| China | 4.9 | 2.5 | 9.2 | 17.5 | 52.9% |
| Indonesia | N/A | N/A | 0.1 | 14.5 | 14400.0% |
| Japan | 0.8 | 0.5 | 2.1 | 5.3 | 87.8% |
| South Korea | 45.5 | 50.2 | 396 | N/A | 195.0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 55.5 | 56.8 | 428 | 279 | 71.3% |
Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres to the Philippines in 2022:
- Thailand (676.6 tons)
- China (171.8 tons)
- Taiwan (Chinese) (134.9 tons)
- India (120.5 tons)
- Vietnam (56.0 tons)
- Japan (51.2 tons)
- Indonesia (37.5 tons)
Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in the Philippines
In 2022, approx. 7.8 tons of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses were exported from the Philippines; reducing by -50% against the previous year's figure. Overall, exports saw a sharp downturn.
In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses shrank remarkably to $1.9K in 2022. In general, exports showed a dramatic decrease.
| Export of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| United States | 1,064 | 599 | -43.7% | ||
| China | 1,002 | 457 | -54.4% | ||
| Hong Kong SAR | 831 | 436 | -47.5% | ||
| Japan | 779 | 339 | -56.5% | ||
| India | 105 | 64.0 | -39.0% | ||
| Taiwan (Chinese) | 62.0 | 30.0 | -51.6% | ||
| Thailand | 58.0 | 25.0 | -56.9% | ||
| Others | N/A | N/A | 0% | ||
| Total | 3,901 | 1,950 | -50.0% | ||
Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres from the Philippines in 2022:
- China (2.2 tons)
- United States (2.1 tons)
- Hong Kong SAR (2.1 tons)
- Japan (0.5 tons)
- Thailand (0.4 tons)
- India (0.3 tons)
- Taiwan (Chinese) (0.2 tons)
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