Price for Furskins; Raw, of Fox, Whole, with or Without Head, Tail or Paws in the Philippines - 2023

Price for Furskins; Raw, of Fox, Whole, with or Without Head, Tail or Paws in the Philippines (CIF) - 2022

In 2022, the average import price for furskins; raw, of fox, whole, with or without head, tail or pawses amounted to $117,214 per ton, surging by 17% against the previous year. In general, the import price enjoyed a significant increase. The growth pace was the most rapid in 2016 an increase of 142%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From 2015 to 2022, the rate of growth in terms of prices for Japan amounted to +24.3% per year.

Imports of Furskins; Raw, of Fox, Whole, with or Without Head, Tail or Paws in the Philippines

After two years of decline, purchases abroad of furskins; raw, of fox, whole, with or without head, tail or pawses increased by 27% to 14 kg in 2022. Over the period under review, imports, however, continue to indicate a dramatic downturn.

In value terms, imports of furskins; raw, of fox, whole, with or without head, tail or pawses surged to $1.6K in 2022. Overall, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +4.2% 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 +62.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.