Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in the Philippines - 2023
Contents:
- Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in the Philippines (CIF) - 2023
- Imports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in the Philippines
Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in the Philippines (CIF) - 2023
The average import price for woven fabrics of combed wool or of combed fine animal hair stood at $11.5 per square meter in November 2023, declining by -30.1% against the previous month. In general, the import price saw a slight downturn. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 39% month-to-month. Over the period under review, average import prices reached the peak figure at $17.6 per square meter in February 2023; however, from March 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Japan ($17.5 per square meter), while the price for China ($11.2 per square meter) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Turkey (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in the Philippines
Imports of woven fabrics of combed wool or of combed fine animal hair into the Philippines surged to 274K square meters in 2022, picking up by 271% against 2021 figures. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of woven fabrics of combed wool or of combed fine animal hair skyrocketed to $3.1M in 2022. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 325 | 125 | 204 | 834 | 36.9% |
| China | 9.2 | 54.6 | 313 | 804 | 343.8% |
| Japan | 76.4 | 166 | 122 | 505 | 87.7% |
| Turkey | 41.4 | N/A | 32.7 | 473 | 125.2% |
| Egypt | N/A | N/A | 68.7 | 409 | 495.3% |
| South Korea | 2.4 | N/A | 3.9 | 61.8 | 195.3% |
| Denmark | 30.5 | 6.4 | 67.7 | 10.7 | -29.5% |
| United Kingdom | 117 | 0.9 | 13.9 | 2.3 | -73.0% |
| Others | 77.3 | 20.0 | 104 | 27.1 | -29.5% |
| Total | 679 | 372 | 929 | 3,127 | 66.4% |
Top Suppliers of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair to the Philippines in 2022:
- China (77.6K square meters)
- Italy (63.3K square meters)
- Turkey (56.9K square meters)
- Japan (39.4K square meters)
- Egypt (26.7K square meters)
- South Korea (6.5K square meters)
- Denmark (0.9K square meters)
- United Kingdom (0.2K square meters)
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