Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in the Philippines - 2022

Contents:

1. Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in the Philippines (CIF) - 2022
2. Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in the Philippines

Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in the Philippines (CIF) - 2022

The average import price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s stood at $10,577 per ton in 2022, declining by -16.6% against the previous year. Over the period under review, the import price, however, recorded a noticeable increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 141%. As a result, import price reached the peak level of $29,500 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($11,056 per ton), while the price for China stood at $10,563 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+39.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in the Philippines

In 2022, the amount of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s imported into the Philippines skyrocketed to 673 kg, jumping by 315% against the year before. In general, imports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 8,000% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s soared to $7.1K in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 3,381% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) to the Philippines in 2022:

1. China (655.0 kg)
2. Japan (18.0 kg)

Source: IndexBox Market Intelligence Platform