Philippines - Plaits And Similar Products Of Plaiting Materials - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlaits and Basketwork Price in the Philippines - 2023
Contents:
- Plaits and Basketwork Price in the Philippines (FOB) - 2023
- Plaits and Basketwork Price in the Philippines (CIF) - 2023
- Plaits and Basketwork Exports in the Philippines
- Plaits and Basketwork Imports in the Philippines
Plaits and Basketwork Price in the Philippines (FOB) - 2023
The average plaits and basketwork export price stood at $11,800 per ton in July 2023, dropping by -14.3% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in June 2023 an increase of 50% month-to-month. As a result, the export price attained the peak level of $13,767 per ton, and then declined in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($12,570 per ton), while the average price for exports to China ($1,180 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Plaits and Basketwork Price in the Philippines (CIF) - 2023
The average plaits and basketwork import price stood at $7,877 per ton in July 2023, dropping by -3.7% against the previous month. Overall, the import price, however, showed a buoyant expansion. The pace of growth appeared the most rapid in January 2023 an increase of 407% month-to-month. As a result, import price reached the peak level of $10,732 per ton. From February 2023 to July 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were China ($8,036 per ton) and Ghana ($7,799 per ton), while the price for Indonesia ($6,361 per ton) and Vietnam ($7,045 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+19.5%), while the prices for the other major suppliers experienced a decline.
Plaits and Basketwork Exports in the Philippines
In 2022, overseas shipments of plaits, basketwork, wickerwork and similar products of plaiting materials decreased by -17% to 5.2K tons, falling for the second year in a row after two years of growth. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.2% 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 decreased by -18.5% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 92%. As a result, the exports attained the peak of 6.4K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, plaits and basketwork exports contracted markedly to $48M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.5% 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 +42.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 39%. As a result, the exports reached the peak of $63M, and then reduced dramatically in the following year.
Export of Plaits and Basketwork in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 22.1 | 38.3 | 54.9 | 40.1 | 22.0% |
Japan | 3.7 | 2.4 | 2.2 | 2.6 | -11.1% |
Italy | 2.0 | 0.5 | 0.8 | 0.5 | -37.0% |
Others | 5.7 | 4.1 | 4.9 | 4.5 | -7.6% |
Total | 33.5 | 45.3 | 62.8 | 47.7 | 12.5% |
Top Export Markets for Plaits and Basketwork from the Philippines in 2022:
- Italy (undefinedK tons)
- United States (4.3K tons)
- Japan (0.3K tons)
Plaits and Basketwork Imports in the Philippines
In 2022, the amount of plaits, basketwork, wickerwork and similar products of plaiting materials imported into the Philippines surged to 266 tons, rising by 66% on the previous year. Overall, imports, however, showed a abrupt decline.
In value terms, plaits and basketwork imports fell rapidly to $1.1M in 2022. Over the period under review, imports, however, saw a abrupt downturn. The growth pace was the most rapid in 2020 when imports increased by 153% against the previous year. As a result, imports attained the peak of $4.8M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Plaits and Basketwork in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,173 | 540 | 539 | 560 | -21.8% |
Vietnam | 5.3 | 3.8 | 50.8 | 254 | 263.2% |
Italy | 18.4 | 0.1 | N/A | 75.0 | 59.7% |
United States | 425 | 811 | 77.8 | 55.2 | -49.4% |
Japan | 152 | 298 | 92.4 | 50.1 | -30.9% |
Taiwan (Chinese) | 19.3 | 1,302 | 1.7 | 19.8 | 0.9% |
Singapore | 15.7 | 1,630 | 205 | 0.3 | -73.3% |
Morocco | N/A | 75.6 | 187 | 0.2 | -94.9% |
Others | 85.5 | 125 | 297 | 133 | 15.9% |
Total | 1,894 | 4,786 | 1,452 | 1,147 | -15.4% |
Top Suppliers of Plaits and Basketwork to the Philippines in 2022:
- Singapore (undefined tons)
- Morocco (undefined tons)
- China (203.9 tons)
- Vietnam (28.3 tons)
- Italy (8.3 tons)
- Japan (7.1 tons)
- Taiwan (Chinese) (3.1 tons)
- United States (0.7 tons)
This report provides an in-depth analysis of the plaits and basketwork 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 16292500 - Manufactures of straw, of esparto or of other plaiting materials, basket ware and wickerwork
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 plaits and basketwork market in the Philippines.
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This report provides an in-depth analysis of the plaits and basketwork market in the Philippines.
This report provides an in-depth analysis of the global plaits and basketwork market.
In 2016, approx. X tons of plaiting material were imported worldwide- standing approx. at the previous year figure. In general, plaiting material imports continue to indicate a abrupt decline. Th...
In 2016, the amount of plaiting material exported worldwide stood at X tons, lowering by -X% against the previous year level.
In 2016, approx. X tons of plaiting material were imported worldwide- standing approx. at the previous year figure. In general, plaiting material imports continue to indicate a abrupt decline. Th...
In 2016, the amount of plaiting material exported worldwide stood at X tons, lowering by -X% against the previous year level.