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.
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#
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.
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#
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.
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#
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.
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#
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.
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#
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.
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#
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.
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#
However, abaca fabric exports from Philippines rose by 20 percent year-on-year to US$ 1.02 million during the review period.
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#
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.
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#
Fibre2fashion News Desk - India