Home / Knowledge / News / Textiles / Philippines abaca exports grow significantly
Philippines abaca exports grow significantly
14
Dec '11
Continuing with last year's growth momentum, abaca fibre exports from Philippines grew significantly during the first three quarters of current year.

Abaca fibre exports from Philippines grew to US$ 110.896 million during the initial nine months of the current year compared to exports worth US$ 78.143 million during the corresponding period of last year, according to figures released by the Fiber Industry Development Authority (FIDA).

According to the FIDA Administrator, Cecila Gloria Soriano, high prices and good demand in the global market have steered the rise in Abaca exports.

Abaca fibre is known for its versatility and it can be used for weaving abaca fabric and also as a blending material with pina, polyester or silk to facilitate production of high-end fabrics. Moreover, abaca fibre even finds utility in preparation of abaca ropes and cordage.

Filipino abaca fibre is known across the world as Manila hemp. Japan, Britain, the US and Germany are leading buyers of Filipino abaca fibre, pulp and cordage.

Mystic Pelayo representing the FIDA Planning and Statistics Division informed that Philippines is the world's largest abaca fibre supplier and contributes around 86 percent of the world output, while the rest 14 percent comes from Ecuador.

The country exported around 8,019 tons of abaca fibre during the initial nine months of the current year, three percent more than exports made during corresponding period of last year, Pelayo said.

Philippines earned around US$ 104.525 million from abaca exports during 2010.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X