Philippines: Market for Chamois Leather and Combination Chamois Leather 2024

Market Size for Chamois Leather and Combination Chamois Leather in the Philippines

The Philippine market for chamois leather and combination chamois leather skyrocketed to $X in 2022, growing by 17% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Chamois Leather and Combination Chamois Leather in the Philippines

In value terms, production of chamois leather and combination chamois leather rose significantly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 25%. Over the period under review, production of hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Chamois Leather and Combination Chamois Leather

Exports from the Philippines

In 2022, the amount of chamois leather and combination chamois leather exported from the Philippines soared to X square meters, jumping by 1,233% on 2021 figures. Over the period under review, exports, however, faced a dramatic decrease. The exports peaked at X square meters in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of chamois leather and combination chamois leather soared to $X in 2022. In general, exports, however, recorded a precipitous slump. Over the period under review, the exports of attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X square meters) and Palau (X square meters) were the main destinations of exports of chamois leather and combination chamois leather from the Philippines.

From 2020 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Palau (with a CAGR of +824.5%).

In value terms, Italy ($X) remains the key foreign market for chamois leather and combination chamois leather exports from the Philippines, comprising 95% of total exports. The second position in the ranking was held by Palau ($X), with a 5% share of total exports.

From 2020 to 2022, the average annual rate of growth in terms of value to Italy totaled +234.3%.

Export Prices by Country

The average export price for chamois leather and combination chamois leather stood at $X per square meter in 2022, growing by 4,238% against the previous year. In general, the export price showed mild growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per square meter), while the average price for exports to Palau stood at $X per square meter.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+10.4%).

Imports of Chamois Leather and Combination Chamois Leather

Imports into the Philippines

After three years of decline, purchases abroad of chamois leather and combination chamois leather increased by 10,314% to X square meters in 2022. Overall, imports saw a significant increase. Over the period under review, imports of attained the maximum at X square meters in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of chamois leather and combination chamois leather surged to $X in 2022. In general, imports posted a buoyant expansion. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X square meters) was the main chamois leather and combination chamois leather supplier to the Philippines, accounting for a 99% share of total imports. It was followed by Taiwan (Chinese) (X square meters), with a 0.7% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +41.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.4% per year) and the United States (-14.3% per year).

In value terms, China ($X) constituted the largest supplier of chamois leather and combination chamois leather to the Philippines, comprising 96% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 2.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +40.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+16.1% per year) and the United States (-4.1% per year).

Import Prices by Country

The average import price for chamois leather and combination chamois leather stood at $X per square meter in 2022, reducing by -90.1% against the previous year. Over the period under review, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2016 an increase of 189% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2021, and then reduced dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for China ($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 Taiwan (Chinese) (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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