Price for Bedspreads; Knitted or Crocheted in the Philippines - 2023

Contents:

1. Price for Bedspreads; Knitted or Crocheted in the Philippines (CIF) - 2022
2. Price for Bedspreads; Knitted or Crocheted in the Philippines (FOB) - 2022
3. Imports of Bedspreads; Knitted or Crocheted in the Philippines
4. Exports of Bedspreads; Knitted or Crocheted in the Philippines

Price for Bedspreads; Knitted or Crocheted in the Philippines (CIF) - 2022

The average bedspreads; knitted or crocheted import price stood at $7.7 per unit in 2022, growing by 17% against the previous year. Over the period under review, the import price recorded significant growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 327%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($7.7 per unit), while the price for China amounted to $7.7 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+56.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Bedspreads; Knitted or Crocheted in the Philippines (FOB) - 2022

The average bedspreads; knitted or crocheted export price stood at $7.7 per unit in 2022, falling by -17.9% against the previous year. Over the period under review, the export price showed a perceptible shrinkage. The pace of growth was the most pronounced in 2017 when the average export price increased by 518% against the previous year. As a result, the export price attained the peak level of $17 per unit. From 2018 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +7.2% per year.

Imports of Bedspreads; Knitted or Crocheted in the Philippines

In 2022, approx. 8.3K units of bedspreads; knitted or crocheteds were imported into the Philippines; picking up by 236% on 2021. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bedspreads; knitted or crocheted imports surged to $64K in 2022. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Bedspreads; Knitted or Crocheted to the Philippines in 2022:

1. China (5.6K units)
2. Thailand (2.6K units)

Exports of Bedspreads; Knitted or Crocheted in the Philippines

In 2022, the amount of bedspreads; knitted or crocheteds exported from the Philippines dropped sharply to 24 units, shrinking by -98.4% compared with the previous year's figure. Overall, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 18,238%. Over the period under review, the exports hit record highs at 1.7K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, bedspreads; knitted or crocheted exports dropped sharply to $187 in 2022. Over the period under review, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 14,029%. As a result, the exports reached the peak of $14K, and then fell significantly in the following year.

Top Export Markets for Bedspreads; Knitted or Crocheted from the Philippines in 2022:

1. United States (24.0 units)

Source: IndexBox Market Intelligence Platform