Philippines: Market for Blankets And Travelling Rugs Of Synthetic Fibres 2024

Market Size for Blankets And Travelling Rugs Of Synthetic Fibres in the Philippines

The Philippine market for blankets and travelling rugs of synthetic fibres soared to $X in 2022, increasing by X% against the previous year. In general, consumption showed a buoyant expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Blankets And Travelling Rugs Of Synthetic Fibres in the Philippines

In value terms, travelling rugs of synthetic fibre production soared to $X in 2022 estimated in export price. In general, production saw strong growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Blankets And Travelling Rugs Of Synthetic Fibres

Exports from the Philippines

Travelling rugs of synthetic fibre exports from the Philippines soared to X units in 2022, picking up by X% against the previous year's figure. Overall, exports, however, showed a dramatic downturn. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, travelling rugs of synthetic fibre exports surged to $X in 2022. In general, exports, however, showed a dramatic decline. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X units) was the main destination for travelling rugs of synthetic fibre exports from the Philippines, accounting for a X% share of total exports. Moreover, travelling rugs of synthetic fibre exports to Japan exceeded the volume sent to the second major destination, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled X%.

In value terms, Japan ($X) emerged as the key foreign market for blankets and travelling rugs of synthetic fibres exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to X%.

Export Prices by Country

In 2022, the average export price for blankets and travelling rugs of synthetic fibres amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Japan totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Blankets And Travelling Rugs Of Synthetic Fibres

Imports into the Philippines

In 2022, the amount of blankets and travelling rugs of synthetic fibres imported into the Philippines surged to X units, rising by X% on the previous year's figure. In general, imports showed a perceptible expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, travelling rugs of synthetic fibre imports soared to $X in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest travelling rugs of synthetic fibre supplier to the Philippines, with a X% share of total imports. Moreover, travelling rugs of synthetic fibre imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of blankets and travelling rugs of synthetic fibres to the Philippines, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average import price for blankets and travelling rugs of synthetic fibres amounted to $X per unit, with an increase of X% against the previous year. In general, the import price posted a significant expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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