Philippines: Curtains Market 2024

Curtains Market Size in the Philippines

The Philippine curtains market reduced to $X in 2022, falling 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). Overall, consumption, however, saw a slight expansion. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Curtains Exports

Exports from the Philippines

In 2022, overseas shipments of curtains and interior blinds were finally on the rise to reach X square meters for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, curtains exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a sharp curtailment. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X square meters), Micronesia (X square meters) and Japan (X square meters) were the main destinations of curtains exports from the Philippines, together accounting for X% of total exports. Palau, Northern Mariana Islands, the United States and Guam lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Palau (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for curtains and interior blinds exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by Northern Mariana Islands ($X), with a X% share of total exports. It was followed by Micronesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Northern Mariana Islands (X% per year) and Micronesia (X% per year).

Export Prices by Country

In 2022, the average curtains export price amounted to $X per square meter, falling by X% against the previous year. Over the period under review, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while the average price for exports to Japan ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Curtains Imports

Imports into the Philippines

In 2022, the amount of curtains and interior blinds imported into the Philippines reduced to X square meters, which is down by X% against the previous year's figure. In general, imports continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X square meters. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, curtains imports dropped to $X in 2022. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, the United States (X square meters) constituted the largest curtains supplier to the Philippines, accounting for a X% share of total imports. Moreover, curtains imports from the United States exceeded the figures recorded by the second-largest supplier, China (X square meters), threefold. The third position in this ranking was taken by South Korea (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

In value terms, the United States ($X), China ($X) and South Korea ($X) were the largest curtains suppliers to the Philippines, with a combined X% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average curtains import price amounted to $X per square meter, remaining stable against the previous year. In general, the import price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per square meter in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per square meter), while the price for Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :