Price for Wadding; Other Articles Thereof, of Man-Made Fibres in the Philippines - 2023
Contents:
- Price for Wadding; Other Articles Thereof, of Man-Made Fibres in the Philippines (FOB) - 2023
- Price for Wadding; Other Articles Thereof, of Man-Made Fibres in the Philippines (CIF) - 2023
- Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in the Philippines
- Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in the Philippines
Price for Wadding; Other Articles Thereof, of Man-Made Fibres in the Philippines (FOB) - 2023
The average export price for wadding; other articles thereof, of man-made fibreses stood at $12,254 per ton in September 2023, declining by -2.2% against the previous month. In general, the export price, however, recorded a strong increase. The pace of growth was the most pronounced in February 2023 an increase of 181% m-o-m. As a result, the export price attained the peak level of $16,140 per ton. From March 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($22,808 per ton), while the average price for exports to Vietnam ($7,707 per ton) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wadding; Other Articles Thereof, of Man-Made Fibres in the Philippines (CIF) - 2023
The average import price for wadding; other articles thereof, of man-made fibreses stood at $10,110 per ton in September 2023, picking up by 40% against the previous month. Overall, the import price, however, showed a abrupt decrease. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 148% against the previous month. The import price peaked at $33,808 per ton in November 2022; however, from December 2022 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Lithuania ($48,862 per ton), while the price for China ($1,840 per ton) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+5.2%), while the prices for the other major suppliers experienced a decline.
Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in the Philippines
Exports of wadding; other articles thereof, of man-made fibreses from the Philippines surged to 1.7K tons in 2022, with an increase of 39% against the year before. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of wadding; other articles thereof, of man-made fibreses skyrocketed to $21M in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Wadding; Other Articles Thereof, of Man-Made Fibres in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1.5 | 3.8 | 5.7 | 6.7 | 64.7% |
| Myanmar | 2.6 | 3.0 | 0.7 | 5.5 | 28.4% |
| Cambodia | 1.0 | 0.7 | 2.1 | 2.3 | 32.0% |
| Taiwan (Chinese) | 1.0 | 0.7 | 1.1 | 1.5 | 14.5% |
| South Korea | 2.1 | 2.3 | 2.2 | 1.4 | -12.6% |
| Russia | N/A | N/A | N/A | 1.1 | 0% |
| Poland | 0.3 | 0.3 | N/A | 0.9 | 44.2% |
| Vietnam | 1.2 | 1.4 | 0.7 | 0.6 | -20.6% |
| Others | 0.5 | 3.1 | 0.2 | 0.5 | 0.0% |
| Total | 10.2 | 15.3 | 12.6 | 20.6 | 26.4% |
Top Export Markets for Wadding; Other Articles Thereof, of Man-Made Fibres from the Philippines in 2022:
- Cambodia (348.5 tons)
- Myanmar (327.0 tons)
- Indonesia (318.1 tons)
- Russia (199.0 tons)
- Taiwan (Chinese) (158.8 tons)
- Vietnam (111.4 tons)
- South Korea (86.3 tons)
- Poland (83.0 tons)
Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in the Philippines
After three years of growth, supplies from abroad of wadding; other articles thereof, of man-made fibreses decreased by -50.5% to 1.2K tons in 2022. Overall, imports saw a mild slump. The pace of growth appeared the most rapid in 2020 when imports increased by 46%.
In value terms, imports of wadding; other articles thereof, of man-made fibreses contracted significantly to $9.7M in 2022. In general, imports saw a slight setback. The pace of growth was the most pronounced in 2021 with an increase of 41%. As a result, imports attained the peak of $18M, and then fell remarkably in the following year.
| Import of Wadding; Other Articles Thereof, of Man-Made Fibres in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 0.3 | 0.4 | 0.9 | 3.2 | 120.1% |
| Thailand | N/A | N/A | 0.1 | 2.0 | 1900.0% |
| Japan | 6.6 | 8.0 | 11.5 | 1.5 | -39.0% |
| China | 0.5 | 1.0 | 1.2 | 1.1 | 30.1% |
| South Korea | 0.9 | 1.0 | 1.9 | 0.8 | -3.9% |
| Indonesia | 0.6 | 1.0 | 1.3 | 0.4 | -12.6% |
| Ukraine | 0.2 | 0.5 | 0.4 | 0.2 | 0.0% |
| United Arab Emirates | N/A | N/A | N/A | 0.2 | 0% |
| Others | 1.0 | 1.1 | 0.9 | 0.4 | -26.3% |
| Total | 10.2 | 12.9 | 18.2 | 9.7 | -1.7% |
Top Suppliers of Wadding; Other Articles Thereof, of Man-Made Fibres to the Philippines in 2022:
- China (512.6 tons)
- Thailand (285.9 tons)
- Japan (158.9 tons)
- Lithuania (114.7 tons)
- South Korea (45.8 tons)
- United Arab Emirates (31.2 tons)
- Ukraine (26.8 tons)
- Indonesia (11.3 tons)
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