Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the Philippines - 2023

Contents:

  1. Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the Philippines (CIF) - 2022
  2. Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the Philippines (FOB) - 2022
  3. Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the Philippines
  4. Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the Philippines

Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the Philippines (CIF) - 2022

The average import price for fabrics; looped pile fabrics, of cotton, knitted or crocheted stood at $8,579 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, saw a slight setback. The most prominent rate of growth was recorded in 2017 an increase of 114%. As a result, import price reached the peak level of $17,537 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($11,750 per ton), while the price for South Korea ($7,604 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the prices for the other major suppliers experienced a decline.

Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the Philippines (FOB) - 2022

The average export price for fabrics; looped pile fabrics, of cotton, knitted or crocheted stood at $8,735 per ton in 2022, leveling off at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 193%. Over the period under review, the average export prices attained the peak figure at $69,000 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Micronesia amounted to -3.2% per year.

Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the Philippines

In 2022, imports of fabrics; looped pile fabrics, of cotton, knitted or crocheted into the Philippines dropped to 107 tons, which is down by -4.7% against 2021. Overall, imports showed a significant contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 86% against the previous year.

In value terms, imports of fabrics; looped pile fabrics, of cotton, knitted or crocheted shrank modestly to $915K in 2022. In general, imports saw a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 121% against the previous year.

Import of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,819339312624-30.0%
South KoreaN/AN/A602290-51.8%
Indonesia31.222.840.7N/A14.2%
Others99.471.04.61.3-76.4%
Total1,949433959915-22.3%

Top Suppliers of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted to the Philippines in 2022:

  1. China (68.5 tons)
  2. South Korea (38.2 tons)

Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the Philippines

In 2022, shipments abroad of fabrics; looped pile fabrics, of cotton, knitted or crocheted decreased by 0% to 34 kg, falling for the second consecutive year after two years of growth. In general, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 45,500% against the previous year. As a result, the exports attained the peak of 456 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of fabrics; looped pile fabrics, of cotton, knitted or crocheted amounted to $297 in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 29,179% against the previous year. As a result, the exports attained the peak of $5.6K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SwedenN/AN/AN/A0.30%
South KoreaN/A5.6N/AN/A0%
OthersN/AN/AN/AN/A0%
TotalN/A5.6N/A0.3-76.9%

Top Export Markets for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted from the Philippines in 2022:

  1. Sweden (34.0 kg)

Source: IndexBox Market Intelligence Platform

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