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Philippines - Woven Fabrics Of Silk Or Of Silk Waste - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Silk Fabric Market Overview 2021

Silk Fabric Market Size in the Philippines

The Philippine silk fabric market soared to $X in 2020, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded strong growth. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Silk Fabric Exports

Exports from the Philippines

In 2020, the amount of woven fabrics of silk or of silk waste exported from the Philippines declined sharply to X square meters, falling by -X% on the previous year. Over the period under review, exports recorded a abrupt setback. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Exports peaked at X square meters in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, silk fabric exports reduced sharply to $X in 2020. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

The U.S. (X square meters) was the main destination for silk fabric exports from the Philippines, with a X% share of total exports. Moreover, silk fabric exports to the U.S. exceeded the volume sent to the second major destination, Hong Kong SAR (X square meters), twofold. The third position in this ranking was occupied by Germany (X square meters), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the U.S. amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-X% per year) and Germany (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for silk fabric exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the U.S. stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Hong Kong SAR (-X% per year).

Export Prices by Country

In 2020, the average silk fabric export price amounted to $X per square meter, rising by X% against the previous year. Overall, export price indicated a mild expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per square meter), while the average price for exports to Botswana ($X per square meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced more modest paces of growth.

Silk Fabric Imports

Imports into the Philippines

In 2020, approx. X square meters of woven fabrics of silk or of silk waste were imported into the Philippines; with an increase of X% against the previous year's figure. Over the period under review, imports recorded a temperate expansion. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. As a result, imports attained the peak of X square meters. From 2013 to 2020, the growth imports remained at a lower figure.

In value terms, silk fabric imports skyrocketed to $X in 2020. In general, imports showed a remarkable increase. The pace of growth was the most pronounced in 2012 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X square meters) constituted the largest silk fabric supplier to the Philippines, with a X% share of total imports. Moreover, silk fabric imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X square meters), twofold.

From 2007 to 2020, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+X% per year) and South Korea (-X% per year).

In value terms, the largest silk fabric suppliers to the Philippines were China ($X), Hong Kong SAR ($X) and South Korea ($X), with a combined X% share of total imports.

In terms of the main suppliers, Hong Kong SAR recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average silk fabric import price amounted to $X per square meter, which is down by -X% against the previous year. Overall, import price indicated slight growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, silk fabric import price decreased by -X% against 2016 indices. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2017 to 2020, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was South Korea ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for woven fabrics of silk or of silk waste in the world?
+
The countries with the highest volumes of silk fabric consumption in 2020 were China (444M square meters), Russia (400M square meters) and the U.S. (169M square meters), with a combined 52% share of global consumption.
What are the largest producers of woven fabrics of silk or of silk waste in the world?
+
The countries with the highest volumes of silk fabric production in 2020 were China (448M square meters), Russia (400M square meters) and the U.S. (169M square meters), together accounting for 52% of global production.
What are the leading suppliers of woven fabrics of silk or of silk waste to the Philippines?
+
In value terms, China ($1.7M), Hong Kong SAR ($1.3M) and South Korea ($396K) appeared to be the largest silk fabric suppliers to the Philippines, together accounting for 97% of total imports.
What are the leading importers of woven fabrics of silk or of silk waste from the Philippines?
+
In value terms, the U.S. ($84K) remains the key foreign market for silk fabric exports from the Philippines, comprising 67% of total exports. The second position in the ranking was occupied by South Korea ($12K), with a 9.5% share of total exports. It was followed by Hong Kong SAR, with a 7.8% share.
What is the average export price for woven fabrics of silk or of silk waste in the Philippines?
+
In 2020, the average silk fabric export price amounted to $139 per square meter, growing by 76% against the previous year.
What is the average import price for woven fabrics of silk or of silk waste in the Philippines?
+
In 2020, the average silk fabric import price amounted to $109 per square meter, declining by -18.9% against the previous year.

Product coverage:
• Prodcom 13201100 - Woven fabrics of silk or silk waste

This report provides an in-depth analysis of the silk fabric 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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