Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in the Philippines - 2023
Contents:
- Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in the Philippines (CIF) - 2022
- Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in the Philippines (FOB) - 2022
- Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in the Philippines
- Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in the Philippines
Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in the Philippines (CIF) - 2022
In 2022, the average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $1,547 per ton, shrinking by -3.9% against the previous year. In general, the import price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 74% against the previous year. As a result, import price reached the peak level of $2,301 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($9,638 per ton), while the price for Taiwan (Chinese) ($1,275 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+41.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in the Philippines (FOB) - 2022
The average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $20,316 per ton in 2022, rising by 183% against the previous year. Overall, the export price, however, saw a abrupt downturn. The export price peaked at $50,654 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($369,714 per ton), while the average price for exports to India ($11,650 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+28.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in the Philippines
In 2022, after two years of decline, there was significant growth in purchases abroad of synthetic staple fibres, carded, combed or otherwise processed for spinnings, when their volume increased by 102% to 133 tons. In general, imports, however, faced a sharp reduction.
In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings skyrocketed to $206K in 2022. Over the period under review, imports, however, recorded a dramatic descent.
| Import of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 130 | 60.0 | 39.0 | 95.8 | -9.7% |
| China | 455 | 29.5 | 8.0 | 48.5 | -52.6% |
| Malaysia | 24.7 | 11.3 | 7.3 | 18.7 | -8.9% |
| India | 18.8 | 7.7 | 4.5 | 10.4 | -17.9% |
| Thailand | 36.1 | 27.0 | 22.4 | 6.4 | -43.8% |
| Others | 47.6 | 24.3 | 24.6 | 26.0 | -18.3% |
| Total | 713 | 160 | 106 | 206 | -33.9% |
Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to the Philippines in 2022:
- Taiwan (Chinese) (75.2 tons)
- China (31.9 tons)
- Malaysia (12.9 tons)
- India (7.1 tons)
- Thailand (3.1 tons)
Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in the Philippines
Exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings from the Philippines soared to 920 kg in 2022, picking up by 15,233% on the year before. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings soared to $19K in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 9.4 | 0% |
| Guatemala | 3.1 | N/A | N/A | 3.2 | 1.1% |
| Indonesia | N/A | N/A | N/A | 2.8 | 0% |
| United States | 1.6 | N/A | N/A | 2.6 | 17.6% |
| Others | N/A | N/A | N/A | 0.7 | 0% |
| Total | 4.7 | N/A | N/A | 18.7 | 58.5% |
Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from the Philippines in 2022:
- India (809.0 kg)
- Guatemala (51.0 kg)
- Indonesia (47.0 kg)
- United States (7.0 kg)
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This report provides an in-depth analysis of the synthetic staple fibre market in the Philippines.
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This report provides an in-depth analysis of the synthetic staple fibre market in the Philippines.
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Global Synthetic Staple Fibre Market Report 2018. This report provides an in-depth analysis of the global synthetic staple fibre market.
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579
In value terms, carded and combed synthetic staple fibers imports stood at $X in 2016. Overall, carded and combed synthetic staple fibers imports continue to indicate a mild shrinkage. Global carde...
1260
In value terms, synthetic staple fibers exports stood at $X in 2016. Overall, synthetic staple fibers exports continue to indicate a relatively flat trend pattern. Over the period under review, glo...
1178
In value terms, carded and combed synthetic staple fibers exports amounted to $X in 2016. Overall, it indicated a mild growth from 2007 to 2016: the total exports value decreased at an average annu...
