Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in the Philippines - 2023

Contents:

1. Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in the Philippines (CIF) - 2023
2. Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in the Philippines (FOB) - 2022
3. Imports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in the Philippines
4. Exports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in the Philippines

Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in the Philippines (CIF) - 2023

The average import price for tents of textile materials other than cotton or synthetic fibreses stood at $1,508 per ton in November 2023, increasing by 11% against the previous month. In general, the import price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 219% against the previous month. As a result, import price attained the peak level of $2,672 per ton. From March 2023 to November 2023, the average import prices failed to regain momentum.

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

From December 2022 to November 2023, the rate of growth in terms of prices for China amounted to +2.6% per month.

Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in the Philippines (FOB) - 2022

The average export price for tents of textile materials other than cotton or synthetic fibreses stood at $8,412 per ton in 2022, picking up by 113% against the previous year. In general, the export price, however, continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 347% against the previous year. The export price peaked at $26,329 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($36,846 per ton), while the average price for exports to Japan ($6,273 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+187.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in the Philippines

In 2022, imports of tents of textile materials other than cotton or synthetic fibreses into the Philippines declined markedly to 2.5K tons, waning by -23.9% compared with the previous year's figure. Overall, total imports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +2.3% 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 +15.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 51%. As a result, imports attained the peak of 3.3K tons, and then contracted notably in the following year.

In value terms, imports of tents of textile materials other than cotton or synthetic fibreses reduced markedly to $3M in 2022. In general, imports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 62% against the previous year. As a result, imports attained the peak of $5.2M, and then contracted significantly in the following year.

Top Suppliers of Tents of Textile Materials Other than Cotton or Synthetic Fibres to the Philippines in 2022:

1. China (2.4K tons)

Exports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in the Philippines

In 2022, overseas shipments of tents of textile materials other than cotton or synthetic fibreses decreased by -98.2% to 607 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 120%. As a result, the exports reached the peak of 180 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of tents of textile materials other than cotton or synthetic fibreses fell rapidly to $5.1K in 2022. Overall, exports saw a sharp descent. The most prominent rate of growth was recorded in 2020 when exports increased by 291% against the previous year. As a result, the exports reached the peak of $1.6M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Tents of Textile Materials Other than Cotton or Synthetic Fibres from the Philippines in 2022:

1. Japan (403.0 kg)
2. China (75.0 kg)
3. Papua New Guinea (47.0 kg)
4. United Kingdom (37.0 kg)
5. United States (32.0 kg)
6. Taiwan (Chinese) (13.0 kg)

Source: IndexBox Market Intelligence Platform