Home / Knowledge / News / Textiles / Philippines' abaca production and exports decline
Philippines' abaca production and exports decline
14
May '13
Reporting a drop of 14.7 percent, Philippines’ abaca production for first two months of the current year dipped to 61,935 bales from production of 72,615 bales during corresponding period of last year, Fiber Industry Development Authority (FIDA) statistics shows.
 
Abaca exports from Philippines also dipped 32.6 percent from US$ 9.3 million in January 2012 to US$ 6.26 million in January this year.
 
FIDA attributed the decline in abaca exports to financial slump in the EU region. However, it expects Philippines’ abaca exports to bounce back in the coming months.
 
Posting a rise of 8.3 percent over last January’s output of 23,463 bales, Bicol region alone produced around 25,420 bales of Abaca fibre in January this year, which is equal to 41 percent of country’s total output, the FIDA data showed.
 
According to the FIDA data, overall abaca fibre exports dipped 46.2 percent from 2,470 bales in January 2012 to 1,330 bales in January this year.
 
Abaca pulp exports, constituting 66.7 percent of total abaca exports, also declined 46 percent from last January’s US$ 7.74 million to US$ 4.18 million this January. 
 
Volume-wise, too, abaca pulp exports to the EU and Asia dipped 51.3 percent from 2,300 tons to 1,120 tons.
 
Meanwhile, abaca cordage exports plunged 6.8 percent from January 2012’s US$ 677,391 to US$ 631,032 this year. Volume-wise, it plunged 3.7 percent from 282 tons to 271 tons.
 
However, abaca fibre craft exports, constituting around 19 percent of the country’s overall abaca exports, surged by 195.5 percent from last January’s US$ 402,587 to US$ 1.19 million.
 
During 2012, Philippines earned US$ 108 million from abaca exports, which is a year-on-year fall of 22.86 percent.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

Courtesy: Delta Galil

Apparel/Garments | On 23rd Feb 2018

Delta Galil 2017 sales up 16% to $1,368.1 million

Delta Galil sales for full year 2017 increased 16 per cent to...

Interviews View All

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Claudia Kersten
Global Organic Textile Standard

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

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

February 2018

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
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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