Wool; Carded Price in the Philippines - 2023

Contents:

1. Wool; Carded Price in the Philippines (CIF) - 2022
2. Wool; Carded Imports in the Philippines

Wool; Carded Price in the Philippines (CIF) - 2022

In 2022, the average wool; carded import price amounted to $23,472 per ton, reducing by -30.5% against the previous year. Over the period under review, the import price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 87% against the previous year. The import price peaked at $33,791 per ton in 2021, and then dropped remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($31,868 per ton), while the price for Japan ($14,250 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1,325.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Wool; Carded Imports in the Philippines

In 2022, approx. 178 kg of wool; carded were imported into the Philippines; rising by 314% against 2021. In general, imports, however, saw a significant curtailment.

In value terms, wool; carded imports soared to $4.2K in 2022. Overall, imports, however, recorded a dramatic curtailment.

Top Suppliers of Wool; Carded to the Philippines in 2022:

1. Spain (94.0 kg)
2. China (76.0 kg)
3. Japan (8.0 kg)

Source: IndexBox Market Intelligence Platform