Price for Bedspreads; Not Knitted or Crocheted in the Philippines - 2023
Contents:
- Price for Bedspreads; Not Knitted or Crocheted in the Philippines (CIF) - 2022
- Price for Bedspreads; Not Knitted or Crocheted in the Philippines (FOB) - 2022
- Imports of Bedspreads; Not Knitted or Crocheted in the Philippines
- Exports of Bedspreads; Not Knitted or Crocheted in the Philippines
Price for Bedspreads; Not Knitted or Crocheted in the Philippines (CIF) - 2022
The average import price for bedspreads; not knitted or crocheteds stood at $9.2 per unit in 2022, jumping by 18% against the previous year. Over the period under review, the import price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 an increase of 1,029% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady 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 India ($9.2 per unit) and Japan ($9.2 per unit), while the price for Singapore ($9.2 per unit) and Taiwan (Chinese) ($9.2 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+58.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Bedspreads; Not Knitted or Crocheted in the Philippines (FOB) - 2022
The average export price for bedspreads; not knitted or crocheteds stood at $11 per unit in 2022, with a decrease of -14% against the previous year. In general, the export price, however, continues to indicate a tangible increase. The pace of growth was the most pronounced in 2015 an increase of 482% against the previous year. As a result, the export price reached the peak level of $57 per unit. From 2016 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($11 per unit), while the average price for exports to the United States ($11 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Micronesia (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Bedspreads; Not Knitted or Crocheted in the Philippines
In 2022, the amount of bedspreads; not knitted or crocheteds imported into the Philippines dropped to 421K units, waning by -13.9% against 2021. Overall, imports, however, saw a mild expansion. The growth pace was the most rapid in 2021 with an increase of 60%. As a result, imports reached the peak of 489K units, and then shrank in the following year.
In value terms, bedspreads; not knitted or crocheted imports stood at $3.9M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 71% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Bedspreads; Not Knitted or Crocheted in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,664 | 1,404 | 2,065 | 1,428 | -5.0% |
| South Korea | 267 | 112 | 980 | 1,115 | 61.0% |
| India | 150 | 58.6 | 209 | 560 | 55.1% |
| Taiwan (Chinese) | 111 | 78.4 | 148 | 321 | 42.5% |
| Malaysia | 227 | 169 | 289 | 213 | -2.1% |
| Japan | 71.8 | 217 | 12.6 | 35.9 | -20.6% |
| Pakistan | 68.5 | 14.4 | 64.2 | 28.4 | -25.4% |
| Others | 98.1 | 177 | 56.6 | 171 | 20.3% |
| Total | 2,658 | 2,230 | 3,824 | 3,873 | 13.4% |
Top Suppliers of Bedspreads; Not Knitted or Crocheted to the Philippines in 2022:
- China (155.3K units)
- South Korea (121.3K units)
- India (60.9K units)
- Taiwan (Chinese) (34.9K units)
- Malaysia (23.2K units)
- Japan (3.9K units)
- Pakistan (3.1K units)
Exports of Bedspreads; Not Knitted or Crocheted in the Philippines
In 2022, approx. 4.7K units of bedspreads; not knitted or crocheteds were exported from the Philippines; growing by 154% against 2021 figures. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, bedspreads; not knitted or crocheted exports skyrocketed to $52K in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Bedspreads; Not Knitted or Crocheted in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.9 | 1.1 | 5.0 | 47.6 | 113.4% |
| Australia | N/A | N/A | N/A | 1.0 | 0% |
| Micronesia | N/A | 4.3 | 4.9 | 0.8 | -56.9% |
| United Arab Emirates | 4.0 | 6.5 | 5.6 | N/A | 18.3% |
| Qatar | N/A | 4.7 | N/A | N/A | 0% |
| Others | 1.6 | 3.4 | 8.1 | 2.2 | 11.2% |
| Total | 10.6 | 20.1 | 23.6 | 51.5 | 69.4% |
Top Export Markets for Bedspreads; Not Knitted or Crocheted from the Philippines in 2022:
- United States (4.4K units)
- Australia (0.1K units)
- Micronesia (0.1K units)
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