Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in the Philippines - 2023
Contents:
- Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in the Philippines (CIF) - 2022
- Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in the Philippines (FOB) - 2022
- Imports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in the Philippines
- Exports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in the Philippines
Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in the Philippines (CIF) - 2022
In 2022, the average import price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses amounted to $7,710 per ton, declining by -9.4% against the previous year. In general, the import price, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 209%. Over the period under review, average import prices attained the maximum at $8,511 per ton in 2021, and then fell in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($7,710 per ton) and Japan ($7,710 per ton), while the price for Thailand ($7,710 per ton) and South Korea ($7,710 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in the Philippines (FOB) - 2022
In 2022, the average export price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses amounted to $8,645 per ton, waning by -31.2% against the previous year. Overall, the export price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by 67% against the previous year. As a result, the export price reached the peak level of $16,853 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($8,645 per ton) and Japan ($8,645 per ton), while the average price for exports to Singapore ($8,645 per ton) and Malaysia ($8,645 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-0.4%), while the prices for the other major destinations experienced a decline.
Imports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in the Philippines
In 2022, approx. 1.5K tons of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses were imported into the Philippines; increasing by 32% against 2021. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.1% 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 +65.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses surged to $11M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +60.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 34%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.9 | 4.3 | 5.2 | 8.3 | 19.2% |
| United States | 1.1 | 1.0 | 0.7 | 0.9 | -6.5% |
| South Korea | 0.3 | 0.4 | 0.7 | 0.5 | 18.6% |
| Japan | 0.6 | 0.6 | 0.5 | 0.4 | -12.6% |
| Thailand | 0.2 | 0.1 | 0.2 | 0.4 | 26.0% |
| Taiwan (Chinese) | 0.1 | 0.1 | 1.2 | 0.2 | 26.0% |
| Vietnam | 0.2 | 0.3 | 0.1 | 0.2 | 0.0% |
| Others | 0.3 | 0.3 | 0.8 | 0.4 | 10.1% |
| Total | 7.8 | 7.1 | 9.5 | 11.4 | 13.5% |
Top Suppliers of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths to the Philippines in 2022:
- China (1080.4 tons)
- United States (114.1 tons)
- South Korea (67.2 tons)
- Japan (54.4 tons)
- Thailand (46.4 tons)
- Vietnam (30.9 tons)
- Taiwan (Chinese) (24.2 tons)
Exports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in the Philippines
In 2022, after three years of growth, there was significant decline in shipments abroad of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses, when their volume decreased by -44% to 572 tons. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 599% against the previous year.
In value terms, exports of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses contracted sharply to $4.9M in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 570% against the previous year.
| Export of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 61.7 | 962 | 1,472 | 1,187 | 168.0% |
| South Korea | 52.8 | 242 | 973 | 1,165 | 180.5% |
| Netherlands | 19.6 | 816 | 1,956 | 623 | 216.8% |
| United States | 176 | 650 | 3,938 | 475 | 39.2% |
| Singapore | 89.7 | 294 | 807 | 375 | 61.1% |
| Vietnam | 0.9 | 0.9 | 47.2 | 354 | 632.7% |
| Taiwan (Chinese) | 122 | 422 | 669 | 245 | 26.2% |
| China | 13.0 | 153 | 1,974 | 180 | 140.1% |
| Others | 24.4 | 214 | 1,006 | 342 | 141.1% |
| Total | 560 | 3,752 | 12,842 | 4,945 | 106.7% |
Top Export Markets for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths from the Philippines in 2022:
- Japan (137.3 tons)
- South Korea (134.8 tons)
- Netherlands (72.0 tons)
- United States (54.9 tons)
- Singapore (43.3 tons)
- Vietnam (40.9 tons)
- Taiwan (Chinese) (28.3 tons)
- China (20.8 tons)
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