Price for Silk; Woven Fabrics of Noil Silk in the Philippines - 2023
Contents:
- Price for Silk; Woven Fabrics of Noil Silk in the Philippines (CIF) - 2022
- Price for Silk; Woven Fabrics of Noil Silk in the Philippines (FOB) - 2022
- Imports of Silk; Woven Fabrics of Noil Silk in the Philippines
- Exports of Silk; Woven Fabrics of Noil Silk in the Philippines
Price for Silk; Woven Fabrics of Noil Silk in the Philippines (CIF) - 2022
In 2022, the average import price for silk; woven fabrics of noil silks amounted to $111,797 per ton, with an increase of 7.5% against the previous year. Over the period under review, the import price enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 an increase of 153%. Over the period under review, average import prices hit record highs at $123,083 per ton in 2019; however, from 2020 to 2022, 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 ($122,500 per ton) and Hong Kong SAR ($115,250 per ton), while the price for Japan ($111,773 per ton) and China ($111,784 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+78.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Silk; Woven Fabrics of Noil Silk in the Philippines (FOB) - 2022
The average export price for silk; woven fabrics of noil silks stood at $232,550 per ton in 2022, with an increase of 34% against the previous year. Over the period under review, the export price showed resilient growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 124% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for Palau amounted to +71.1% per year.
Imports of Silk; Woven Fabrics of Noil Silk in the Philippines
In 2022, the amount of silk; woven fabrics of noil silks imported into the Philippines surged to 2.3 tons, with an increase of 85% compared with the previous year. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 131%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of silk; woven fabrics of noil silks soared to $252K in 2022. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Silk; Woven Fabrics of Noil Silk in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 48.1 | 11.5 | 91.4 | 221 | 66.2% |
| China | N/A | 0.9 | 11.8 | 29.0 | 467.6% |
| Italy | 27.9 | 88.9 | 21.3 | 0.2 | -80.7% |
| India | N/A | 6.2 | N/A | N/A | 0% |
| Others | 2.4 | 0.5 | 2.0 | 1.8 | -9.1% |
| Total | 78.4 | 108 | 126 | 252 | 47.6% |
Top Suppliers of Silk; Woven Fabrics of Noil Silk to the Philippines in 2022:
- Japan (1974.0 kg)
- China (259.0 kg)
- Italy (2.0 kg)
Exports of Silk; Woven Fabrics of Noil Silk in the Philippines
In 2022, shipments abroad of silk; woven fabrics of noil silks decreased by -4.8% to 20 kg, falling for the second year in a row after two years of growth. In general, exports saw a sharp descent. The most prominent rate of growth was recorded in 2020 with an increase of 591% against the previous year. As a result, the exports attained the peak of 297 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of silk; woven fabrics of noil silks skyrocketed to $4.7K in 2022. Overall, exports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 657%. As a result, the exports reached the peak of $23K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Silk; Woven Fabrics of Noil Silk in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | N/A | 4.7 | 0% |
| Hong Kong SAR | N/A | 9.8 | N/A | N/A | 0% |
| France | 1.3 | 0.2 | N/A | N/A | -84.6% |
| Papua New Guinea | 1.7 | N/A | N/A | N/A | 0% |
| Brunei Darussalam | 0.1 | N/A | N/A | N/A | 0% |
| United States | N/A | 13.0 | 3.6 | N/A | -72.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.0 | 23.0 | 3.6 | 4.7 | 16.1% |
Top Export Markets for Silk; Woven Fabrics of Noil Silk from the Philippines in 2022:
- United Kingdom (20.0 kg)
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