Price for Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes in the Philippines - 2023

Contents:

1. Price for Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes in the Philippines (CIF) - 2023
2. Price for Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes in the Philippines (FOB) - 2023
3. Imports of Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes in the Philippines
4. Exports of Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes in the Philippines

Price for Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes in the Philippines (CIF) - 2023

The average import price for festive, carnival or other entertainment articles, including conjuring tricks and novelty jokeses stood at $4.4 per unit in November 2023, flattening at the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 3.1% m-o-m. The import price peaked at $4.4 per unit in September 2023; afterwards, it flattened through to November 2023.

Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Japan ($4.4 per unit), while the price for China totaled $4.4 per unit.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Japan (+0.1%).

Price for Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes in the Philippines (FOB) - 2023

In November 2023, the average export price for festive, carnival or other entertainment articles, including conjuring tricks and novelty jokeses amounted to $4.8 per unit, falling by -31.1% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average export price increased by 20% m-o-m. The export price peaked at $7.3 per unit in August 2023; however, from September 2023 to November 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In November 2023, the countries with the highest prices were China ($5.7 per unit) and Hong Kong SAR ($5.7 per unit), while the average price for exports to Canada ($4.4 per unit) and the United States ($4.4 per unit) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-0.1%), while the prices for the other major destinations experienced a decline.

Imports of Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes in the Philippines

After two years of decline, purchases abroad of festive, carnival or other entertainment articles, including conjuring tricks and novelty jokeses increased by 57% to 6.1M units in 2022. Over the period under review, imports, however, faced a sharp shrinkage. Imports peaked at 23M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of festive, carnival or other entertainment articles, including conjuring tricks and novelty jokeses skyrocketed to $26M in 2022. Overall, imports continue to indicate a moderate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes to the Philippines in 2022:

1. China (5.5M units)
2. Japan (0.4M units)

Exports of Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes in the Philippines

In 2022, approx. 3.6M units of festive, carnival or other entertainment articles, including conjuring tricks and novelty jokeses were exported from the Philippines; jumping by 43% on the previous year's figure. Over the period under review, exports, however, continue to indicate a deep downturn. Over the period under review, the exports of hit record highs at 4.5M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of festive, carnival or other entertainment articles, including conjuring tricks and novelty jokeses surged to $20M in 2022. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 46% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes from the Philippines in 2022:

1. United States (2601.1K units)
2. Italy (148.0K units)
3. Australia (141.5K units)
4. Belgium (56.2K units)
5. Malaysia (7.2K units)

Source: IndexBox Market Intelligence Platform