Price for Blankets and Travelling Rugs in the Philippines - 2023
Contents:
- Price for Blankets and Travelling Rugs in the Philippines (CIF) - 2023
- Price for Blankets and Travelling Rugs in the Philippines (FOB) - 2022
- Imports of Blankets and Travelling Rugs in the Philippines
- Exports of Blankets and Travelling Rugs in the Philippines
Price for Blankets and Travelling Rugs in the Philippines (CIF) - 2023
The average blankets and travelling rugs import price stood at $9.9 per unit in July 2023, waning by -42% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 170% against the previous month. The import price peaked at $36.3 per unit in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Malaysia ($10.4 per unit), while the price for Panama ($5.7 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+3.5%), while the prices for the other major suppliers experienced a decline.
Price for Blankets and Travelling Rugs in the Philippines (FOB) - 2022
In 2022, the average blankets and travelling rugs export price amounted to $16 per unit, with a decrease of -7.8% against the previous year. Over the period under review, the export price, however, showed a strong expansion. The pace of growth appeared the most rapid in 2020 an increase of 235% against the previous year. As a result, the export price reached the peak level of $86 per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($19 per unit), while the average price for exports to the Netherlands ($2.7 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 Egypt (+289.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Blankets and Travelling Rugs in the Philippines
In 2022, imports of blankets and travelling rugses into the Philippines rose significantly to 645K units, surging by 9.8% against the previous year. Overall, imports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. Imports peaked at 805K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, blankets and travelling rugs imports dropped to $6.6M in 2022. In general, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. Over the period under review, imports hit record highs at $8M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Blankets and Travelling Rugs in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.5 | 3.9 | 4.4 | 4.5 | -11.5% |
| South Korea | 0.7 | 0.1 | 1.4 | 1.3 | 22.9% |
| Malaysia | 0.2 | 0.1 | 0.4 | 0.3 | 14.5% |
| Singapore | 0.2 | 0.1 | N/A | 0.1 | -20.6% |
| Japan | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| United Arab Emirates | N/A | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.3 | 0.6 | 0.3 | 14.5% |
| Total | 8.0 | 4.5 | 6.8 | 6.6 | -6.2% |
Top Suppliers of Blankets and Travelling Rugs to the Philippines in 2022:
- China (473.7K units)
- South Korea (102.1K units)
- Malaysia (18.7K units)
- Singapore (12.3K units)
- Japan (12.1K units)
- United Arab Emirates (8.9K units)
Exports of Blankets and Travelling Rugs in the Philippines
In 2022, exports of blankets and travelling rugses from the Philippines stood at 12K units, growing by 11% compared with the previous year. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 213% against the previous year. As a result, the exports attained the peak of 20K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, blankets and travelling rugs exports rose to $198K in 2022. Overall, exports saw a prominent expansion. The growth pace was the most rapid in 2020 when exports increased by 950%. As a result, the exports reached the peak of $1.7M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Blankets and Travelling Rugs in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.4 | 241 | 7.0 | 39.1 | 55.5% |
| Netherlands | 37.7 | 25.3 | 9.1 | 11.0 | -33.7% |
| Japan | 39.1 | 11.6 | 9.1 | 9.1 | -38.5% |
| Germany | 0.4 | 0.1 | 8.7 | 4.2 | 119.0% |
| Vietnam | 69.6 | N/A | N/A | N/A | 0% |
| Bermuda | N/A | 1,425 | 154 | N/A | -89.2% |
| Others | 5.7 | 7.5 | 5.6 | 135 | 187.2% |
| Total | 163 | 1,710 | 193 | 198 | 6.7% |
Top Export Markets for Blankets and Travelling Rugs from the Philippines in 2022:
- Netherlands (4.1K units)
- United States (2.1K units)
- Japan (0.5K units)
- Germany (0.3K units)
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In 2016, the amount of blanket imported worldwide totaled X tons, coming up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the p...
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In 2016, the amount of blanket imported worldwide totaled X tons, coming up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the p...
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In 2016, the amount of blanket imported worldwide totaled X tons, coming up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the p...
3438
In 2016, the amount of blanket imported worldwide totaled X tons, coming up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the p...
1610
China dominates in the global blanket and traveling rug trade. In 2014, China exported X million USD, X% over than the year before. Its primary trading partner was the U.S., where it supplied X% of its total blanket and traveling rug exports in v
