Philippines - Inedible Fish Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInedible Fish Products Price in the Philippines - 2022
Contents:
- Inedible Fish Products Price in the Philippines (CIF) - 2022
- Inedible Fish Products Price in the Philippines (FOB) - 2022
- Inedible Fish Products Imports in the Philippines
- Inedible Fish Products Exports in the Philippines
Inedible Fish Products Price in the Philippines (CIF) - 2022
The average inedible fish products import price stood at $12,977 per ton in 2022, rising by 4.3% against the previous year. Overall, the import price recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 538% against the previous year. As a result, import price reached the peak level of $21,279 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($35,643 per ton), while the price for Vietnam ($565 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+197.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Inedible Fish Products Price in the Philippines (FOB) - 2022
In 2022, the average inedible fish products export price amounted to $217 per ton, waning by -96.3% against the previous year. In general, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2021 an increase of 4,636%. Over the period under review, the average export prices attained the peak figure at $6,460 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($1,969 per ton), while the average price for exports to Japan stood at $175 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+51.6%), while the prices for the other major destinations experienced mixed trend patterns.
Inedible Fish Products Imports in the Philippines
In 2022, inedible fish products imports into the Philippines dropped notably to 42 tons, shrinking by -16.7% on the previous year's figure. In general, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 9.4% against the previous year.
In value terms, inedible fish products imports reduced to $550K in 2022. Overall, imports continue to indicate a deep downturn. The smallest decline of -4.7% was in 2020.
| Import of Inedible Fish Products in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 735 | 752 | 540 | 388 | -19.2% |
| Indonesia | N/A | N/A | 70.6 | 104 | 47.3% |
| Czech Republic | N/A | N/A | 9.6 | 29.9 | 211.5% |
| Vietnam | N/A | N/A | 11.9 | 9.8 | -17.6% |
| China | 37.2 | 39.8 | 1.1 | N/A | -82.8% |
| Singapore | 37.3 | N/A | N/A | N/A | 0% |
| Others | 21.5 | N/A | N/A | 18.2 | -5.4% |
| Total | 831 | 792 | 633 | 550 | -12.9% |
Top Suppliers of Inedible Fish Products to the Philippines in 2022:
- Thailand (20.8 tons)
- Vietnam (17.3 tons)
- Indonesia (2.9 tons)
- Czech Republic (0.9 tons)
Inedible Fish Products Exports in the Philippines
After two years of decline, shipments abroad of inedible fish products increased by 3,581% to 39 tons in 2022. In general, exports, however, showed a deep setback.
In value terms, inedible fish products exports skyrocketed to $8.5K in 2022. Over the period under review, exports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 52%.
| Export of Inedible Fish Products in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | N/A | 6.7 | 0% |
| South Korea | N/A | N/A | N/A | 1.8 | 0% |
| China | 5.5 | 4.0 | N/A | N/A | -27.3% |
| United Arab Emirates | 7.1 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 0.1 | 6.3 | N/A | 255.0% |
| Total | 13.1 | 4.1 | 6.3 | 8.5 | -13.4% |
Top Export Markets for Inedible Fish Products from the Philippines in 2022:
- Japan (38.2 tons)
- South Korea (0.9 tons)
This report provides an in-depth analysis of the inedible fish products 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 10204200 - Inedible fish products (including fish waste, excluding whalebone and whalebone hair, coral and similar materials, s hells and cuttle-bone, unworked or simply prepared/natural sponges)
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.
-
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
-
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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