Home / Knowledge / News / Textiles / Lower demand pulls down Philippine abaca exports
Lower demand pulls down Philippine abaca exports
19
Feb '13
A decrease in demand from its major markets has resulted in a sharp decline in abaca exports from the Southeast Asian nation of Philippines during the first eleven months of 2012.
 
According to figures released by the Fiber Industry Development Authority (FIDA), Philippine abaca exports from January to November 2012 decreased by 24.24 percent year-on-year to US$ 100.04 million.
 
FIDA attributed the fall in abaca exports to lower demand from its major markets. Philippine abaca exports to all its major importing counties – Japan, the UK and China – dropped during the period under review.
 
In 2011, Japan was the top importer of Philippine abaca, but its imports were down 67.9 percent year-on-year to only 9,740 bales during the initial 11 months of 2012.
 
Likewise, the UK imported only 18,730 bales during the period under review, registering a fall of 32 percent year-on-year. Chinese imports of Philippine abaca too fell by 78.8 percent to 3,250 bales.
 
Abaca pulp exports, which accounted for 69.3 percent of all abaca exports from Philippines during the 11-month period, dipped by 29.47 percent year-on-year to US$ 69.35 million from exports worth US$ 98.32 million made during the corresponding period of 2011.
 
Exports of raw abaca fibre decreased by over 50 percent from US$ 12.84 million in January-November 2011 to US$ 5.18 million in the same period of 2012. Volume-wise, abaca fibre exports nosedived 54.8 percent to 33,900 bales of 125 kg each, as against exports of 75,000 bales in 2011.
 
However, abaca fabric exports from Philippines rose by 20 percent year-on-year to US$ 1.02 million during the review period. 
 
FIDA expects a 5-8 percent growth in Philippine abaca exports in 2013, as the industry has started getting orders from new markets like France, Russia, Spain and Qatar.
 

Fibre2fashion News Desk - India


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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