Price for Pneumatic Mattresses of Cotton or Other Textile Materials in the Philippines - 2023
Contents:
- Price for Pneumatic Mattresses of Cotton or Other Textile Materials in the Philippines (FOB) - 2022
- Price for Pneumatic Mattresses of Cotton or Other Textile Materials in the Philippines (CIF) - 2022
- Exports of Pneumatic Mattresses of Cotton or Other Textile Materials in the Philippines
- Imports of Pneumatic Mattresses of Cotton or Other Textile Materials in the Philippines
Price for Pneumatic Mattresses of Cotton or Other Textile Materials in the Philippines (FOB) - 2022
The average export price for pneumatic mattresses of cotton or other textile materialses stood at $23,731 per ton in 2022, dropping by -28.4% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The export price peaked at $36,667 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2017 to 2022, the rate of growth in terms of prices for the United States amounted to -28.8% per year.
Price for Pneumatic Mattresses of Cotton or Other Textile Materials in the Philippines (CIF) - 2022
The average import price for pneumatic mattresses of cotton or other textile materialses stood at $4,741 per ton in 2022, jumping by 42% against the previous year. In general, import price indicated a noticeable increase from 2017 to 2022: its price increased at an average annual rate of +4.7% 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 pneumatic mattresses of cotton or other textile materialses increased by +98.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 48% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($27,852 per ton), while the price for China stood at $4,365 per ton.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+159.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Pneumatic Mattresses of Cotton or Other Textile Materials in the Philippines
In 2022, exports of pneumatic mattresses of cotton or other textile materialses from the Philippines soared to 66 tons, jumping by 13,382% on 2021. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of pneumatic mattresses of cotton or other textile materialses surged to $1.6M in 2022. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Pneumatic Mattresses of Cotton or Other Textile Materials in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| United States | 16.1 | 1,533 | 9421.7% | ||
| Others | N/A | 21.5 | 0% | ||
| Total | 16.1 | 1,555 | 9558.4% | ||
Top Export Markets for Pneumatic Mattresses of Cotton or Other Textile Materials from the Philippines in 2022:
- United States (65.0 tons)
Imports of Pneumatic Mattresses of Cotton or Other Textile Materials in the Philippines
In 2022, imports of pneumatic mattresses of cotton or other textile materialses into the Philippines skyrocketed to 60 tons, jumping by 32% compared with the previous year's figure. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of pneumatic mattresses of cotton or other textile materialses surged to $286K in 2022. In general, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Pneumatic Mattresses of Cotton or Other Textile Materials in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 112 | 126 | 143 | 259 | 32.2% |
| Malaysia | 0.8 | 2.9 | 6.1 | 26.9 | 222.8% |
| Saudi Arabia | N/A | 2.9 | 3.2 | N/A | 10.3% |
| Others | 0.9 | 0.6 | N/A | N/A | -33.3% |
| Total | 113 | 133 | 153 | 286 | 36.3% |
Top Suppliers of Pneumatic Mattresses of Cotton or Other Textile Materials to the Philippines in 2022:
- China (59.3 tons)
- Malaysia (1.0 tons)
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