Philippines: Market for Flax, Tow And Waste 2022

Market Size for Flax, Tow And Waste in the Philippines

In 2021, the Philippine flax, tow and waste market was finally on the rise to reach $X after three years of decline. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Flax, Tow And Waste in the Philippines

In value terms, flax, tow and waste production dropped modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then fell slightly in the following year.

The average yield of flax, tow and waste in the Philippines amounted to less than X kg per ha in 2021, leveling off at 2020 figures. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. less than X ha of flax, tow and waste were harvested in the Philippines; remaining constant against the previous year's figure. Overall, the harvested area recorded a relatively flat trend pattern.

Exports of Flax, Tow And Waste

Exports from the Philippines

In 2021, the amount of flax, tow and waste exported from the Philippines stood at less than X kg, stabilizing at the previous year. Overall, exports showed a significant expansion. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, flax, tow and waste exports amounted to less than $X in 2021. In general, exports recorded a significant increase. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for flax, tow and waste exports from the Philippines, accounting for a X% share of total exports. Moreover, flax, tow and waste exports to Italy exceeded the volume sent to the second major destination, Australia (X kg), more than tenfold.

From 2012 to 2016, the average annual rate of growth in terms of volume to Italy was relatively modest.

From 2012 to 2016, the average annual growth rate of value to Italy was relatively modest.

Export Prices by Country

The average flax, tow and waste export price stood at $X per ton in 2016, standing approx. at the previous year. In general, the export price enjoyed a significant expansion. The export price peaked in 2016 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2016, the country with the highest price was Italy ($X per ton), while the average price for exports to Australia stood at $X per ton.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%).

Imports of Flax, Tow And Waste

Imports into the Philippines

After three years of decline, supplies from abroad of flax, tow and waste increased by X% to X tons in 2021. In general, imports, however, saw a abrupt contraction. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, flax, tow and waste imports soared to $X in 2021. Over the period under review, imports, however, faced a abrupt downturn. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Hungary (X tons) was the main flax, tow and waste supplier to the Philippines, with a X% share of total imports. Moreover, flax, tow and waste imports from Hungary exceeded the figures recorded by the second-largest supplier, Brazil (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Hungary was relatively modest.

In value terms, Hungary ($X) constituted the largest supplier of flax, tow and waste to the Philippines, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with less than X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Hungary amounted to -X%.

Import Prices by Country

The average flax, tow and waste import price stood at $X per ton in 2021, with a decrease of -X% against the previous year. In general, the import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Hungary ($X per ton), while the price for Brazil totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+X%).

Source: IndexBox Platform

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