Philippines - Primary Fiber Crops - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrimary Fiber Crops Price in the Philippines - 2023
Contents:
- Primary Fiber Crops Price in the Philippines (CIF) - 2022
- Primary Fiber Crops Price in the Philippines (FOB) - 2022
- Primary Fiber Crops Imports in the Philippines
- Primary Fiber Crops Exports in the Philippines
Primary Fiber Crops Price in the Philippines (CIF) - 2022
The average primary fiber crops import price stood at $2,644 per ton in 2022, rising by 56% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, primary fiber crops import price increased by +110.6% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($3,109 per ton) and Ecuador ($2,926 per ton), while the price for Pakistan ($2,140 per ton) and Tanzania ($2,320 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Primary Fiber Crops Price in the Philippines (FOB) - 2022
In 2022, the average primary fiber crops export price amounted to $274 per ton, declining by -12.1% against the previous year. In general, the export price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 69%. The export price peaked at $1,047 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($1,667 per ton), while the average price for exports to China ($105 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 Japan (+6.1%), while the prices for the other major destinations experienced a decline.
Primary Fiber Crops Imports in the Philippines
Primary fiber crops imports into the Philippines fell rapidly to 18K tons in 2022, with a decrease of -36.5% against the year before. Overall, imports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. As a result, imports attained the peak of 29K tons, and then reduced markedly in the following year.
In value terms, primary fiber crops imports contracted modestly to $48M in 2022. In general, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +4.2% 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 +58.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 60%. As a result, imports attained the peak of $49M, and then shrank modestly in the following year.
| Import of Primary Fiber Crops in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | 1.9 | 11.3 | 494.7% |
| Ecuador | 16.6 | 17.9 | 24.0 | 10.2 | -15.0% |
| Tanzania | 2.1 | 0.8 | 2.5 | 5.4 | 37.0% |
| Brazil | 0.6 | N/A | 3.0 | 4.8 | 100.0% |
| United States | 15.3 | 3.2 | 6.4 | 4.0 | -36.1% |
| Indonesia | N/A | N/A | N/A | 3.3 | 0% |
| Pakistan | 1.6 | 1.8 | 6.1 | 2.9 | 21.9% |
| Kenya | 1.7 | 1.7 | 2.6 | 1.6 | -2.0% |
| India | 2.5 | 3.4 | 1.4 | 0.4 | -45.7% |
| Others | 2.4 | 1.7 | 1.3 | 4.4 | 22.4% |
| Total | 42.8 | 30.6 | 49.0 | 48.5 | 4.3% |
Top Suppliers of Primary Fiber Crops to the Philippines in 2022:
- Australia (3.6K tons)
- Ecuador (3.5K tons)
- Tanzania (2.3K tons)
- Brazil (1.9K tons)
- Indonesia (1.4K tons)
- United States (1.4K tons)
- Pakistan (1.3K tons)
- Kenya (0.8K tons)
- India (0.2K tons)
Primary Fiber Crops Exports in the Philippines
In 2022, shipments abroad of fiber crops (primary) decreased by -13.5% to 120K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 74% against the previous year.
In value terms, primary fiber crops exports contracted markedly to $33M in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 17%.
| Export of Primary Fiber Crops in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 12.2 | 14.8 | 16.3 | 11.1 | -3.1% |
| China | 9.0 | 11.2 | 14.8 | 10.7 | 5.9% |
| Japan | 7.8 | 7.8 | 7.9 | 7.8 | 0.0% |
| Others | 4.1 | 4.9 | 4.1 | 3.1 | -8.9% |
| Total | 33.0 | 38.8 | 43.1 | 32.8 | -0.2% |
Top Export Markets for Primary Fiber Crops from the Philippines in 2022:
- China (102.1K tons)
- United Kingdom (10.0K tons)
- Japan (4.7K tons)
This report provides an in-depth analysis of the primary fiber crops market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 767 - Cotton Lint
- FCL 328 - [Seed Cotton]
- FCL 773 - Flax fibre and tow
- FCL 777 - Hemp fibre and tow
- FCL 780 - Jute
- FCL 782 - Jute-like fibres
- FCL 809 - Abaca manila hemp
- FCL 800 - Agave fibres nes
- FCL 310 -
- FCL 821 - Fibre crops nes
- FCL 788 - Ramie
- FCL 789 - Sisal
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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