Home / Knowledge / News / Textiles / Philippine abaca output and exports dip in H1 2013
Philippine abaca output and exports dip in H1 2013
09
Sep '13
Philippines’ abaca output has dipped to 35,060 tons, registering a decline of 5.5 percent during the first half of 2013, compared to 37,120 tons recorded during same period last year, according to data from the Bureau of Agricultural Statistics (BAS).
 
The output value has also dipped 13.57 percent during the period, from P 1.28 billion to P 1.48 billion.
 
Meanwhile, the abaca exports from the country also witnessed a slump this year, owing to slow moving demand from the EU and the US.
 
According to Fibre Industry Development Authority (FIDA) statistics, during the first quarter of the current year Philippines’ abaca exports dropped by 27.4 percent to US$ 22.74 million from US$ 31.33 million in first quarter of 2012, Philippines Star reported.
 
Exports of raw abaca fibre, which contribute around 6.4 percent to overall abaca exports, grew by 21 percent during the first quarter to US$ 1.46 million compared to US$ 1.20 million recorded during the same period last year.
 
However, due to sluggish overseas demand and value-addition efforts at home, abaca pulp exports dipped by 40.1 percent during the period to US$ 14.18 million from previous year’s US$ 23.66 million.
 
Abaca cordage exports also fell by 27.1 percent to US$ 2.76 million from US$ 3.79 million a year ago. Abaca fibre craft exports, constituting around 19 percent of the country’s overall abaca exports, surged by 61.7 percent to US$ 3.72 million from US$ 2.3 million, while, abaca fabric exports jumped 67.2 percent from US$ 371,736 to US$ 621,702.
 
In view of weak demand from traditional export markets, FIDA is now trying to explore new markets.
 
Philippine abaca fibre and products made there-from are shipped to countries like the US, UK, Belgium, France, China, Germany, Taiwan and South Korea. 
 
During 2012, the country 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: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Global growth to pick up in 2017 and 2018: IMF

The pickup in global growth anticipated in the April World Economic...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Kai Poehler
Voith Paper GmbH & Co. KG

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Larry L Kinn
Suominen Corporation

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

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

Igor Chapurin
Chapurin

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

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

July 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

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

Yes No

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

Yes No

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


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



X