Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in the Philippines - 2023

Contents:

1. Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in the Philippines (CIF) - 2022
2. Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in the Philippines (FOB) - 2022
3. Imports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in the Philippines
4. Exports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in the Philippines

Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in the Philippines (CIF) - 2022

The average import price for waste (including noils, yarn waste and garnetted stock), of man-made fibreses stood at $940 per ton in 2022, growing by 216% against the previous year. In general, the import price, however, recorded a abrupt slump. Over the period under review, average import prices reached the peak figure at $3,360 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($3,151 per ton), while the price for Indonesia ($394 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in the Philippines (FOB) - 2022

In 2022, the average export price for waste (including noils, yarn waste and garnetted stock), of man-made fibreses amounted to $726 per ton, increasing by 29% against the previous year. In general, the export price recorded a slight increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 210%. As a result, the export price attained the peak level of $1,210 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +17.8% per year.

Imports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in the Philippines

In 2022, after three years of growth, there was significant decline in purchases abroad of waste (including noils, yarn waste and garnetted stock), of man-made fibreses, when their volume decreased by -79.3% to 298 tons. Overall, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 295%. As a result, imports attained the peak of 1.4K tons, and then declined notably in the following year.

In value terms, imports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses fell notably to $280K in 2022. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 601%. As a result, imports reached the peak of $428K, and then declined markedly in the following year.

Top Suppliers of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres to the Philippines in 2022:

1. Taiwan (Chinese) (132.2 tons)
2. India (49.9 tons)
3. Indonesia (36.8 tons)
4. Vietnam (31.9 tons)
5. Thailand (24.5 tons)
6. China (20.9 tons)

Exports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in the Philippines

Exports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses from the Philippines reduced markedly to 140 tons in 2022, falling by -27.7% against 2021 figures. In general, exports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 84% against the previous year.

In value terms, exports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses contracted to $101K in 2022. Over the period under review, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 103% against the previous year.

Top Export Markets for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres from the Philippines in 2022:

1. India (139.6 tons)

Source: IndexBox Market Intelligence Platform