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

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

In 2022, the average import price for furskins; raw, of mink, whole, with or without head, tail or pawses amounted to $40,178 per ton, with a decrease of -60.4% against the previous year. Over the period under review, the import price, however, enjoyed a notable expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 320% against the previous year. The import price peaked at $196,750 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2015 to 2022, the rate of growth in terms of prices for South Korea amounted to +123.5% per year.

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

For the fourth consecutive year, the Philippines recorded growth in purchases abroad of furskins; raw, of mink, whole, with or without head, tail or pawses, which increased by 2,426% to 5.3 tons in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of furskins; raw, of mink, whole, with or without head, tail or pawses skyrocketed to $213K in 2022. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.