Phiippines’ Abaca Importers
Abaca in the Philippines has high potential to do well in the local and international market. Abaca provides livelihood for the farmers, local craftsmen, and entrepreneurs. Abaca is also exported fiber and pulp forms to many countries for varied purposes.
Fiber Industry Development Authority, is the agency by Department of Agriculture that oversees the fiber crop industry in the Philippines. Abaca was declared highest exporter of pulp in 2011 with 34 million dollars. From there, the abaca industry has come a long way and will only grow more and more.
The industry’s revenue in January to May 2017 alone was 59 million dollars. During that five-month period in 2017, the top imported of Philippine abaca pulp was the United Kingdom which imported nearly 4 million metric tons of abaca followed by Germany importing 2.3 million metric tons. Abaca fibers were mainly exhausted into cordage, paper and crafts.
Meanwhile, Spain is the country’s top importer of abaca pulp importing 2.3 million metric tons. Japan follows with 2.1 million metric tons.
Abaca is known to be used in producing Japanese Yen banknotes. Their banknotes are 30% abaca. The picture above is a vintage Japanese crafted doll. It is made of abaca pulps and fibers. This shows that the Japanese also admire the beauty of abaca.
Abaca’s generated annual average for the last ten years totals to 97.1 million dollars with 84.9 million dollars from exports of abaca pulp, cordage, yarns, fabrics and fiber crafts and 12.2 million from raw fiber exports. United Kingdom imports the largest amount of abaca fiber followed by Asia with Japan as leading country. All pulp exports were used in paper making.
Abaca is exported to countries like US, Germany, United Kingdom, France, Belgium, China, Taiwan and South Korea. Abaca is very versatile. Generally, abaca is used for crafts, furniture, engineering, cordage, and paper. You can read our article “The many faces of Abaca” to know more about the many uses of Abaca and even get an idea on what business ventures you can pursue with abaca.
- Auditor, J. (n.d.). Home. Retrieved from http://www.philfida.da.gov.ph/index.php/2-uncategorised/51-abaca-shipments-reached-47m-in-january-april
- Earnings from abaca exports up 16.4% in January. (2018, February 7). Retrieved from https://businessmirror.com.ph/2018/02/07/earnings-from-abaca-exports-up-16-4-in-january-may/
- Philippines retains top slot in global abaca production. (2020, March 13). Retrieved from https://businessmirror.com.ph/2020/03/14/philippines-retains-top-slot-in-global-abaca-production/
- PHL abaca production up 4.3% in Jan-May–PhilFida: Jasper Y. Arcalas. (2019, July 7). Retrieved from https://businessmirror.com.ph/2019/07/08/phl-abaca-production-up-4-3-in-jan-may-philfida/