Philippines - Anchovies (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Anchovies Price in the Philippines - 2023
Contents:
- Preserved Anchovies Price in the Philippines (CIF) - 2022
- Preserved Anchovies Price in the Philippines (FOB) - 2022
- Preserved Anchovies Imports in the Philippines
- Preserved Anchovies Exports in the Philippines
Preserved Anchovies Price in the Philippines (CIF) - 2022
The average preserved anchovies import price stood at $3,290 per ton in 2022, with an increase of 37% against the previous year. In general, the import price, however, saw a perceptible decrease. The pace of growth appeared the most rapid in 2016 an increase of 37%. The import price peaked at $4,252 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($4,155 per ton), while the price for Thailand ($1,140 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Anchovies Price in the Philippines (FOB) - 2022
In 2022, the average preserved anchovies export price amounted to $1,793 per ton, falling by -24.2% against the previous year. In general, the export price, however, continues to indicate pronounced growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 240%. Over the period under review, the average export prices attained the maximum at $3,023 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Guam ($3,325 per ton), while the average price for exports to the United Arab Emirates ($1,303 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Anchovies Imports in the Philippines
In 2022, approx. 43 tons of anchovies (prepared or preserved) were imported into the Philippines; which is down by -59.5% on the year before. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 396% against the previous year. As a result, imports attained the peak of 107 tons, and then dropped significantly in the following year.
In value terms, preserved anchovies imports shrank rapidly to $142K in 2022. Overall, imports recorded a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 358% against the previous year. As a result, imports reached the peak of $257K, and then contracted rapidly in the following year.
| Import of Preserved Anchovies in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 56.5 | 27.6 | 30.8 | 95.5 | 19.1% |
| Spain | 66.5 | 21.0 | 22.3 | 34.8 | -19.4% |
| Thailand | N/A | N/A | N/A | 2.4 | 0% |
| China | 48.7 | N/A | N/A | N/A | 0% |
| Vietnam | N/A | N/A | 186 | N/A | 0% |
| Others | 2.4 | 7.4 | 17.4 | 9.2 | 56.5% |
| Total | 174 | 56.1 | 257 | 142 | -6.5% |
Top Suppliers of Preserved Anchovies to the Philippines in 2022:
- Italy (23.0 tons)
- Spain (17.4 tons)
- Thailand (2.1 tons)
Preserved Anchovies Exports in the Philippines
In 2022, overseas shipments of anchovies (prepared or preserved) decreased by -95.4% to 1.5 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 70%. As a result, the exports reached the peak of 100 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, preserved anchovies exports fell rapidly to $2.6K in 2022. In general, exports faced a precipitous decrease. The growth pace was the most rapid in 2021 with an increase of 7.7% against the previous year.
| Export of Preserved Anchovies in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 29.5 | 21.5 | 26.6 | 1.2 | -65.6% |
| Canada | 1.3 | N/A | N/A | 1.1 | -5.4% |
| Guam | N/A | N/A | N/A | 0.1 | 0% |
| Hong Kong SAR | N/A | N/A | 19.8 | N/A | 0% |
| New Zealand | N/A | 8.1 | 2.2 | N/A | -72.8% |
| Kiribati | 7.1 | N/A | N/A | N/A | 0% |
| United States | 49.1 | N/A | 23.6 | N/A | -30.7% |
| Saudi Arabia | N/A | 39.7 | N/A | N/A | 0% |
| Others | 0.8 | 0.4 | 2.9 | 0.2 | -37.0% |
| Total | 87.8 | 69.7 | 75.1 | 2.6 | -69.1% |
Top Export Markets for Preserved Anchovies from the Philippines in 2022:
- United Arab Emirates (920.0 kg)
- Canada (500.0 kg)
- Guam (23.0 kg)
This report provides an in-depth analysis of the preserved anchovies 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 10202560 - Prepared or preserved anchovies, whole or in pieces (excluding minced products and prepared meals and dishes)
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
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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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