Philippines: Man-Made Filament Fabric Market 2025

Man-Made Filament Fabric Market Size in the Philippines

The Philippine man-made filament fabric market totaled $X in 2021, rising by 1.8% 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). Over the period under review, consumption recorded a mild decline. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Man-Made Filament Fabric Exports

Exports from the Philippines

In 2021, after three years of growth, there was significant decline in shipments abroad of woven fabrics of man-made filaments and staple fibers, when their volume decreased by -85.3% to X tons. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 301%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, man-made filament fabric exports fell rapidly to $X in 2021. Overall, exports, however, continue to indicate a pronounced expansion. The pace of growth was the most pronounced in 2019 when exports increased by 814%. The exports peaked at $X in 2020, and then declined remarkably in the following year.

Exports by Country

China (X tons) was the main destination for man-made filament fabric exports from the Philippines, with a 640% share of total exports. Moreover, man-made filament fabric exports to China exceeded the volume sent to the second major destination, Indonesia (X tons), eightfold. The third position in this ranking was taken by the UK (X tons), with a 66% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at -13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+60.0% per year) and the UK (+110.6% per year).

In value terms, China ($X) emerged as the key foreign market for woven fabrics of man-made filaments and staple fibers exports from the Philippines, comprising 84% of total exports. The second position in the ranking was taken by the UK ($X), with a 10% share of total exports. It was followed by Japan, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to -20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+93.2% per year) and Japan (+24.9% per year).

Export Prices by Country

In 2021, the average man-made filament fabric export price amounted to $X per ton, with an increase of 54% against the previous year. Over the period under review, the export price posted a significant expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 128% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+32.5%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Fabric Imports

Imports into the Philippines

In 2021, the amount of woven fabrics of man-made filaments and staple fibers imported into the Philippines shrank to X tons, dropping by -9.5% on the previous year. In general, imports showed a perceptible curtailment. The growth pace was the most rapid in 2017 with an increase of 74%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, man-made filament fabric imports skyrocketed to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.7% against 2019 indices. The pace of growth was the most pronounced in 2018 when imports increased by 46%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of man-made filament fabric to the Philippines, accounting for a 69% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sixfold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-6.0% per year) and Hong Kong SAR (+5.0% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of man-made filaments and staple fibers to the Philippines, comprising 62% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 14% share of total imports. It was followed by Hong Kong SAR, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+9.7% per year) and Hong Kong SAR (+17.0% per year).

Import Prices by Country

The average man-made filament fabric import price stood at $X per ton in 2021, surging by 28% against the previous year. In general, the import price showed a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of 319%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, 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 Japan ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :