Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in the Philippines - 2023

Contents:

1. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in the Philippines (CIF) - 2023
2. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in the Philippines (FOB) - 2022
3. Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in the Philippines
4. Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in the Philippines

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in the Philippines (CIF) - 2023

The average import price for textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses stood at $4,025 per ton in September 2023, growing by 6.1% against the previous month. Overall, the import price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in February 2023 an increase of 38% month-to-month. As a result, import price attained the peak level of $6,244 per ton. From March 2023 to September 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was South Korea ($15,035 per ton), while the price for Taiwan (Chinese) ($3,156 per ton) was amongst the lowest.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Korea (+0.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in the Philippines (FOB) - 2022

In 2022, the average export price for textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses amounted to $7,850 per ton, flattening at the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 a decrease of -19.5% against the previous year. The export price peaked at $12,764 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Vietnam.

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +7.9% per year.

Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in the Philippines

Imports of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses into the Philippines declined to 3K tons in 2022, dropping by -14.6% on the year before. Overall, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 65%. As a result, imports reached the peak of 3.5K tons, and then shrank in the following year.

In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses rose rapidly to $13M in 2022. In general, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 106% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides to the Philippines in 2022:

1. China (2373.8 tons)
2. Taiwan (Chinese) (341.3 tons)
3. Vietnam (180.2 tons)
4. South Korea (57.7 tons)

Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in the Philippines

In 2022, after two years of decline, there was decline in overseas shipments of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses, when their volume decreased by 0% to 654 kg. Overall, exports recorded a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses amounted to $5.1K in 2022. Over the period under review, exports recorded a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides from the Philippines in 2022:

1. Vietnam (654.0 kg)

Source: IndexBox Market Intelligence Platform