Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in the Philippines - 2024

Contents:

1. Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in the Philippines (CIF) - 2024
2. Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in the Philippines (FOB) - 2022
3. Imports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in the Philippines
4. Exports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in the Philippines

Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in the Philippines (CIF) - 2024

The average import price for fabrics, knitted or crocheted, of a width of > 30 cms stood at $7,366 per ton in November 2023, with an increase of 2.3% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average import price increased by 9.3% against the previous month. Over the period under review, average import prices reached the peak figure at $7,890 per ton in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($11,414 per ton), while the price for Indonesia ($5,099 per ton) was amongst the lowest.

From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in the Philippines (FOB) - 2022

The average export price for fabrics, knitted or crocheted, of a width of > 30 cms stood at $5,566 per ton in 2022, falling by -35.9% against the previous year. In general, the export price, however, continues to indicate a perceptible increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 85%. Over the period under review, the average export prices attained the peak figure at $8,682 per ton in 2021, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($8,335 per ton), while the average price for exports to Ecuador ($1,076 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+38.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in the Philippines

In 2022, after three years of growth, there was significant decline in purchases abroad of fabrics, knitted or crocheted, of a width of > 30 cms, when their volume decreased by -49.4% to 30K tons. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. As a result, imports reached the peak of 60K tons, and then reduced sharply in the following year.

In value terms, imports of fabrics, knitted or crocheted, of a width of > 30 cms contracted sharply to $222M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. As a result, imports attained the peak of $264M, and then dropped notably in the following year.

Top Suppliers of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm to the Philippines in 2022:

1. China (17.4K tons)
2. South Korea (4.0K tons)
3. Vietnam (2.8K tons)
4. Taiwan (Chinese) (2.0K tons)
5. Hong Kong SAR (1.6K tons)
6. Japan (1.4K tons)
7. Indonesia (0.7K tons)

Exports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in the Philippines

In 2022, shipments abroad of fabrics, knitted or crocheted, of a width of > 30 cms decreased by -12.7% to 159 tons, falling for the second consecutive year after two years of growth. In general, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2020 when exports increased by 144% against the previous year. As a result, the exports attained the peak of 321 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of fabrics, knitted or crocheted, of a width of > 30 cms dropped significantly to $882K in 2022. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 351%. As a result, the exports reached the peak of $2.2M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm from the Philippines in 2022:

1. China (80.3 tons)
2. Ecuador (34.2 tons)
3. Japan (22.9 tons)
4. South Korea (4.7 tons)
5. Taiwan (Chinese) (4.2 tons)
6. Vietnam (4.1 tons)
7. United States (3.8 tons)

Source: IndexBox Market Intelligence Platform