Price for Handbags with Outer Surface of Vulcanised Fibre or of Paperboard in the Philippines - 2023
Contents:
- Price for Handbags with Outer Surface of Vulcanised Fibre or of Paperboard in the Philippines (FOB) - 2023
- Price for Handbags with Outer Surface of Vulcanised Fibre or of Paperboard in the Philippines (CIF) - 2022
- Exports of Handbags with Outer Surface of Vulcanised Fibre or of Paperboard in the Philippines
- Imports of Handbags with Outer Surface of Vulcanised Fibre or of Paperboard in the Philippines
Price for Handbags with Outer Surface of Vulcanised Fibre or of Paperboard in the Philippines (FOB) - 2023
The average export price for handbags with outer surface of vulcanised fibre or of paperboards stood at $51.2 per unit in December 2023, reducing by -3.6% against the previous month. Over the period under review, the export price, however, recorded mild growth. The pace of growth was the most pronounced in October 2023 an increase of 78% against the previous month. The export price peaked at $53.1 per unit in November 2023, and then shrank slightly in the following month.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Mexico ($68.5 per unit), while the average price for exports to Japan ($24.4 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Handbags with Outer Surface of Vulcanised Fibre or of Paperboard in the Philippines (CIF) - 2022
The average import price for handbags with outer surface of vulcanised fibre or of paperboards stood at $1.3 per unit in 2022, falling by -17.1% against the previous year. In general, the import price, however, recorded a strong expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 245% against the previous year. As a result, import price attained the peak level of $2 per unit. From 2021 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 ($6.1 per unit), while the price for China ($1.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+27.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Handbags with Outer Surface of Vulcanised Fibre or of Paperboard in the Philippines
Exports of handbags with outer surface of vulcanised fibre or of paperboards from the Philippines declined rapidly to 1.6M units in 2022, falling by -59.8% compared with 2021. Over the period under review, exports recorded a precipitous contraction. The smallest decline of -7.7% was in 2021. The exports peaked at 7.3M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of handbags with outer surface of vulcanised fibre or of paperboards reduced rapidly to $77M in 2022. In general, exports showed a precipitous curtailment. The growth pace was the most rapid in 2021 with an increase of 17%. Over the period under review, the exports of hit record highs at $227M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Handbags with Outer Surface of Vulcanised Fibre or of Paperboard in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 182 | 112 | 132 | 57.3 | -32.0% |
| China | 10.7 | 9.6 | 15.8 | 4.9 | -22.9% |
| Japan | 8.2 | 6.9 | 7.3 | 4.2 | -20.0% |
| Canada | 1.8 | 0.8 | 5.3 | 2.1 | 5.3% |
| Netherlands | 6.7 | 6.8 | 4.7 | 2.1 | -32.1% |
| Italy | 0.6 | N/A | N/A | 2.1 | 51.8% |
| Hong Kong SAR | 9.4 | 3.0 | 1.7 | 2.0 | -40.3% |
| Others | 7.8 | 5.0 | 2.8 | 2.5 | -31.6% |
| Total | 227 | 144 | 170 | 77.3 | -30.2% |
Top Export Markets for Handbags with Outer Surface of Vulcanised Fibre or of Paperboard from the Philippines in 2022:
- United States (1167.9K units)
- Japan (132.9K units)
- China (97.5K units)
- Netherlands (36.1K units)
- Canada (35.4K units)
- Hong Kong SAR (32.0K units)
- Italy (30.6K units)
Imports of Handbags with Outer Surface of Vulcanised Fibre or of Paperboard in the Philippines
For the third year in a row, the Philippines recorded decline in supplies from abroad of handbags with outer surface of vulcanised fibre or of paperboards, which decreased by -47.4% to 7.2M units in 2022. In general, imports faced a dramatic contraction. The smallest decline of -12.4% was in 2021. Over the period under review, imports of attained the maximum at 53M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of handbags with outer surface of vulcanised fibre or of paperboards fell significantly to $9.6M in 2022. Overall, imports recorded a dramatic downturn. The pace of growth was the most pronounced in 2020 with an increase of 1.5%. As a result, imports attained the peak of $32M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Handbags with Outer Surface of Vulcanised Fibre or of Paperboard in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.5 | 26.4 | 17.1 | 7.4 | -34.6% |
| Japan | 0.6 | 0.4 | 0.6 | 0.3 | -20.6% |
| South Korea | 0.5 | 0.4 | 0.4 | 0.1 | -41.5% |
| Others | 3.8 | 4.6 | 4.0 | 1.8 | -22.0% |
| Total | 31.4 | 31.9 | 22.0 | 9.6 | -32.6% |
Top Suppliers of Handbags with Outer Surface of Vulcanised Fibre or of Paperboard to the Philippines in 2022:
- China (6.7M units)
- Japan (0.2M units)
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