Home / Knowledge / News / Textiles / Philippines' abaca production and exports decline
Philippines' abaca production and exports decline
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: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

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

Mohammad Hassan
Biax Fiberfilm

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

Bani Batra

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

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

April 2017

April 2017

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


Browse Our Archives


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