Price for Graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheted in the Philippines - 2023

Contents:

1. Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in the Philippines (CIF) - 2022
2. Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in the Philippines (FOB) - 2022
3. Imports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in the Philippines
4. Exports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in the Philippines

Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in the Philippines (CIF) - 2022

In 2022, the average import price for graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds amounted to $8 per pair, stabilizing at the previous year. Over the period under review, import price indicated strong growth from 2017 to 2022: its price increased at an average annual rate of +16.9% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds decreased by -6.0% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 132% against the previous year. As a result, import price attained the peak level of $8.5 per pair. From 2019 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($7.6 per pair) and Mexico ($7.5 per pair), while the price for Singapore ($7.5 per pair) and Germany ($7.5 per pair) were amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in the Philippines (FOB) - 2022

The average export price for graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds stood at $8.5 per pair in 2022, which is down by -13.8% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2018 an increase of 24%. Over the period under review, the average export prices reached the peak figure at $9.8 per pair in 2021, and then declined in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malta ($8.5 per pair), while the average price for exports to the United States stood at $8.5 per pair.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.9%), while the prices for the other major destinations experienced a decline.

Imports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in the Philippines

In 2022, imports of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds into the Philippines fell dramatically to 42K pairs, waning by -36.1% on the year before. Over the period under review, imports saw a significant curtailment. The growth pace was the most rapid in 2021 when imports increased by 43% against the previous year. Over the period under review, imports of reached the peak figure at 163K pairs in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds shrank markedly to $331K in 2022. In general, imports showed a precipitous contraction. The pace of growth appeared the most rapid in 2021 with an increase of 60% against the previous year. Over the period under review, imports of reached the maximum at $1.1M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted to the Philippines in 2022:

1. Taiwan (Chinese) (14.9K pairs)
2. United States (9.9K pairs)
3. China (5.3K pairs)
4. Germany (4.1K pairs)
5. Mexico (3.3K pairs)
6. Singapore (1.9K pairs)
7. South Korea (1.0K pairs)

Exports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in the Philippines

In 2022, approx. 1.6K pairs of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds were exported from the Philippines; rising by 947% against the previous year's figure. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 79,030%. As a result, the exports reached the peak of 302K pairs. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds skyrocketed to $13K in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 76,449% against the previous year. As a result, the exports attained the peak of $2.8M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted from the Philippines in 2022:

1. Malta (931.0 pairs)
2. United States (640.0 pairs)

Source: IndexBox Market Intelligence Platform