Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the Philippines - 2024

Contents:

1. Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the Philippines (CIF) - 2022
2. Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the Philippines (FOB) - 2022
3. Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the Philippines
4. Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the Philippines

Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the Philippines (CIF) - 2022

The average import price for carpets and other textile floor coverings; tufted, whether or not made ups stood at $4.7 per square meter in 2022, which is down by -2.3% against the previous year. In general, the import price saw a noticeable downturn. The most prominent rate of growth was recorded in 2020 an increase of 25% against the previous year. The import price peaked at $6.8 per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($9.1 per square meter), while the price for the United Arab Emirates ($0.7 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the Philippines (FOB) - 2022

The average export price for carpets and other textile floor coverings; tufted, whether or not made ups stood at $3.1 per square meter in 2022, falling by -73.6% against the previous year. Over the period under review, the export price continues to indicate a precipitous setback. The pace of growth appeared the most rapid in 2019 an increase of 80% against the previous year. The export price peaked at $302 per square meter in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($48 per square meter), while the average price for exports to Micronesia ($0.4 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+6.3%), while the prices for the other major destinations experienced a decline.

Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the Philippines

In 2022, approx. 2.3M square meters of carpets and other textile floor coverings; tufted, whether or not made ups were imported into the Philippines; surging by 8.2% on the previous year's figure. In general, imports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 38%. Over the period under review, imports of reached the peak figure at 3.7M square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of carpets and other textile floor coverings; tufted, whether or not made ups expanded modestly to $10M in 2022. Over the period under review, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. Over the period under review, imports of attained the maximum at $16M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up to the Philippines in 2022:

1. China (1728.2K square meters)
2. India (236.8K square meters)
3. Thailand (107.2K square meters)
4. Japan (87.0K square meters)
5. Indonesia (21.1K square meters)
6. United Arab Emirates (12.7K square meters)
7. South Korea (7.5K square meters)

Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the Philippines

In 2022, approx. 6.9K square meters of carpets and other textile floor coverings; tufted, whether or not made ups were exported from the Philippines; increasing by 83% against the year before. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 256% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of carpets and other textile floor coverings; tufted, whether or not made ups reduced rapidly to $25K in 2022. In general, exports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 292%. As a result, the exports attained the peak of $44K, and then declined significantly in the following year.

Top Export Markets for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up from the Philippines in 2022:

1. Micronesia (6.0K square meters)
2. United States (0.5K square meters)
3. Belgium (0.2K square meters)

Source: IndexBox Market Intelligence Platform