Price for Track Suits; of Cotton, Knitted or Crocheted in the Philippines - 2023
Contents:
- Price for Track Suits; of Cotton, Knitted or Crocheted in the Philippines (CIF) - 2022
- Price for Track Suits; of Cotton, Knitted or Crocheted in the Philippines (FOB) - 2022
- Imports of Track Suits; of Cotton, Knitted or Crocheted in the Philippines
- Exports of Track Suits; of Cotton, Knitted or Crocheted in the Philippines
Price for Track Suits; of Cotton, Knitted or Crocheted in the Philippines (CIF) - 2022
In 2022, the average import price for track suits; of cotton, knitted or crocheted amounted to $16 per unit, falling by -9.8% against the previous year. Over the period under review, the import price, however, continues to indicate temperate growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 156% against the previous year. As a result, import price attained the peak level of $18 per unit, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cambodia ($27 per unit), while the price for Vietnam ($6.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+48.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Track Suits; of Cotton, Knitted or Crocheted in the Philippines (FOB) - 2022
The average export price for track suits; of cotton, knitted or crocheted stood at $9.1 per unit in 2022, dropping by -22.6% against the previous year. Overall, the export price, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2021 an increase of 5,878% against the previous year. As a result, the export price attained the peak level of $12 per unit, and then reduced notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($10 per unit), while the average price for exports to the United States amounted to $6.2 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.2%), while the prices for the other major destinations experienced a decline.
Imports of Track Suits; of Cotton, Knitted or Crocheted in the Philippines
In 2022, supplies from abroad of track suits; of cotton, knitted or crocheted decreased by -21% to 3.1K units, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 1,044%. As a result, imports reached the peak of 9.8K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of track suits; of cotton, knitted or crocheted dropped dramatically to $50K in 2022. Overall, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 1,442% against the previous year. Over the period under review, imports of attained the peak figure at $70K in 2021, and then dropped markedly in the following year.
| Import of Track Suits; of Cotton, Knitted or Crocheted in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | 1.1 | 16.9 | 1436.4% |
| Indonesia | N/A | 5.8 | 28.4 | 8.6 | 21.8% |
| Cambodia | 0.4 | 12.8 | N/A | 5.6 | 141.0% |
| Singapore | 0.8 | N/A | N/A | 3.4 | 62.0% |
| China | N/A | 17.0 | 14.0 | 2.8 | -59.4% |
| Thailand | N/A | N/A | N/A | 2.1 | 0% |
| Vietnam | 2.6 | 20.7 | 0.2 | 0.8 | -32.5% |
| Pakistan | N/A | 10.5 | 5.0 | 0.3 | -83.1% |
| Others | 0.6 | 1.6 | 21.2 | 9.3 | 149.3% |
| Total | 4.4 | 68.4 | 69.9 | 49.8 | 124.5% |
Top Suppliers of Track Suits; of Cotton, Knitted or Crocheted to the Philippines in 2022:
- India (1637.0 units)
- Indonesia (430.0 units)
- Singapore (209.0 units)
- Cambodia (209.0 units)
- China (205.0 units)
- Thailand (138.0 units)
- Vietnam (123.0 units)
- Pakistan (13.0 units)
Exports of Track Suits; of Cotton, Knitted or Crocheted in the Philippines
In 2022, exports of track suits; of cotton, knitted or crocheted from the Philippines soared to 4.2K units, growing by 965% compared with the previous year's figure. Over the period under review, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 2,542% against the previous year. As a result, the exports attained the peak of 169K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of track suits; of cotton, knitted or crocheted soared to $38K in 2022. Overall, exports showed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Track Suits; of Cotton, Knitted or Crocheted in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.6 | 1.0 | 0.3 | 32.5 | 278.4% |
| United States | N/A | N/A | N/A | 5.7 | 0% |
| France | 5.9 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 20.9 | 28.2 | 4.3 | N/A | -54.6% |
| Myanmar | N/A | 4.2 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 27.4 | 33.3 | 4.6 | 38.2 | 11.7% |
Top Export Markets for Track Suits; of Cotton, Knitted or Crocheted from the Philippines in 2022:
- United Kingdom (3.3K units)
- United States (0.9K units)
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