Price for Embroidery; in the Piece, in Strips or in Motifs in the Philippines - 2023

Contents:

1. Price for Embroidery; in the Piece, in Strips or in Motifs in the Philippines (CIF) - 2022
2. Price for Embroidery; in the Piece, in Strips or in Motifs in the Philippines (FOB) - 2022
3. Imports of Embroidery; in the Piece, in Strips or in Motifs in the Philippines
4. Exports of Embroidery; in the Piece, in Strips or in Motifs in the Philippines

Price for Embroidery; in the Piece, in Strips or in Motifs in the Philippines (CIF) - 2022

In 2022, the average import price for embroidery; in the piece, in strips or in motifses amounted to $64,908 per ton, rising by 41% against the previous year. In general, the import price showed a moderate increase. The pace of growth was the most pronounced in 2018 an increase of 79%. Over the period under review, average import prices hit record highs at $68,701 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Pakistan ($106,614 per ton), while the price for China ($45,841 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Embroidery; in the Piece, in Strips or in Motifs in the Philippines (FOB) - 2022

In 2022, the average export price for embroidery; in the piece, in strips or in motifses amounted to $119,916 per ton, increasing by 13% against the previous year. Over the period under review, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2020 an increase of 76%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($120,260 per ton), while the average price for exports to Germany totaled $113,095 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Embroidery; in the Piece, in Strips or in Motifs in the Philippines

In 2022, the amount of embroidery; in the piece, in strips or in motifses imported into the Philippines surged to 36 tons, jumping by 71% compared with the previous year. Over the period under review, imports, however, recorded a abrupt decline.

In value terms, imports of embroidery; in the piece, in strips or in motifses surged to $2.4M in 2022. In general, imports, however, continue to indicate a abrupt shrinkage.

Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to the Philippines in 2022:

1. China (19.8 tons)
2. Indonesia (8.1 tons)
3. Pakistan (6.2 tons)
4. Japan (1.0 tons)
5. South Korea (0.1 tons)
6. Hong Kong SAR (0.1 tons)

Exports of Embroidery; in the Piece, in Strips or in Motifs in the Philippines

For the third consecutive year, the Philippines recorded decline in overseas shipments of embroidery; in the piece, in strips or in motifses, which decreased by -64.4% to 526 kg in 2022. Over the period under review, exports faced a dramatic curtailment. The smallest decline of -38.3% was in 2021.

In value terms, exports of embroidery; in the piece, in strips or in motifses fell notably to $63K in 2022. Overall, exports recorded a dramatic descent. The smallest decline of -16.5% was in 2021.

Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from the Philippines in 2022:

1. Switzerland (504.0 kg)
2. Germany (21.0 kg)

Source: IndexBox Market Intelligence Platform