Philippines - Fish Heads, Tails And Maws - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFish Parts Price in the Philippines - 2023
Contents:
- Fish Parts Price in the Philippines (FOB) - 2022
- Fish Parts Price in the Philippines (CIF) - 2022
- Fish Parts Exports in the Philippines
- Fish Parts Imports in the Philippines
Fish Parts Price in the Philippines (FOB) - 2022
In 2022, the average fish parts export price amounted to $52,274 per ton, growing by 141% against the previous year. Over the period under review, the export price continues to indicate measured growth. The growth pace was the most rapid in 2020 an increase of 158%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($53,313 per ton), while the average price for exports to Australia stood at $2,927 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+21.8%), while the prices for the other major destinations experienced mixed trend patterns.
Fish Parts Price in the Philippines (CIF) - 2022
In 2022, the average fish parts import price amounted to $6,490 per ton, picking up by 202% against the previous year. In general, the import price, however, saw a deep setback. The import price peaked at $11,967 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Vietnam.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +92.2% per year.
Fish Parts Exports in the Philippines
Fish parts exports from the Philippines dropped sharply to 2 tons in 2022, shrinking by -97.9% on 2021 figures. Over the period under review, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 41%.
In value terms, fish parts exports shrank dramatically to $104K in 2022. Overall, exports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 79% against the previous year. As a result, the exports attained the peak of $2.1M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Fish Parts in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 159 | 194 | 792 | 104 | -13.2% |
| Australia | 74.4 | 47.0 | 91.4 | 0.1 | -89.0% |
| Hong Kong SAR | 506 | 1,621 | 668 | N/A | 14.9% |
| South Korea | N/A | N/A | 188 | N/A | 0% |
| Malaysia | 140 | 47.7 | 99.9 | N/A | -15.5% |
| Kuwait | 5.4 | 6.9 | 8.5 | N/A | 25.5% |
| Singapore | 254 | 187 | 174 | N/A | -17.2% |
| Others | 40.3 | 1.1 | 8.6 | N/A | -53.8% |
| Total | 1,179 | 2,105 | 2,030 | 104 | -55.5% |
Top Export Markets for Fish Parts from the Philippines in 2022:
- Japan (1947.0 kg)
- Australia (41.0 kg)
Fish Parts Imports in the Philippines
In 2022, overseas purchases of fish heads, tails and maws decreased by 99.9% to 49 kg, falling for the second year in a row after two years of growth. Over the period under review, imports faced a significant curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 25%. As a result, imports attained the peak of 210 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, fish parts imports shrank significantly to $318 in 2022. Overall, imports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. As a result, imports attained the peak of $420K, and then declined markedly in the following year.
| Import of Fish Parts in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | 5.7 | 24.7 | 0.3 | -77.1% |
| Norway | 3.0 | 8.1 | 14.6 | N/A | 120.6% |
| Germany | 7.7 | 15.8 | 16.7 | N/A | 47.3% |
| Australia | 26.2 | 62.3 | 65.0 | N/A | 57.5% |
| United Kingdom | N/A | N/A | 17.0 | N/A | 0% |
| Denmark | 32.5 | 65.7 | 80.1 | N/A | 57.0% |
| Singapore | 118 | 194 | 177 | N/A | 22.5% |
| Netherlands | 24.6 | N/A | N/A | N/A | 0% |
| Others | 137 | 7.7 | 24.5 | N/A | -57.7% |
| Total | 349 | 359 | 420 | 0.3 | -90.5% |
Top Suppliers of Fish Parts to the Philippines in 2022:
- Vietnam (49.0 kg)
This report provides an in-depth analysis of the fish parts market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10204250 - Fish heads, tails and maws, other edible fish offal: dried, s alted or in brine, smoked
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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