Philippines - Salmon (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Salmon Price in the Philippines - 2023
Contents:
- Preserved Salmon Price in the Philippines (CIF) - 2022
- Preserved Salmon Price in the Philippines (FOB) - 2022
- Preserved Salmon Imports in the Philippines
- Preserved Salmon Exports in the Philippines
Preserved Salmon Price in the Philippines (CIF) - 2022
In 2022, the average preserved salmon import price amounted to $11,441 per ton, surging by 28% against the previous year. Overall, the import price posted a prominent expansion. The pace of growth was the most pronounced in 2018 an increase of 120%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($20,874 per ton), while the price for the United States ($1,321 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+190.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Salmon Price in the Philippines (FOB) - 2022
The average preserved salmon export price stood at $2,921 per ton in 2022, picking up by 2.3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 195%. Over the period under review, the average export prices reached the peak figure at $4,715 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($7,766 per ton), while the average price for exports to South Korea ($1,309 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 Australia (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Salmon Imports in the Philippines
In 2022, after two years of decline, there was significant growth in supplies from abroad of salmon (prepared or preserved), when their volume increased by 377% to 114 tons. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, preserved salmon imports soared to $1.3M in 2022. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Preserved Salmon in the Philippines (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | N/A | N/A | 59.9 | 624 | 941.7% |
Poland | N/A | N/A | 45.1 | 226 | 401.1% |
Thailand | 119 | 197 | N/A | 221 | 22.9% |
Norway | N/A | 0.2 | 18.5 | 90.5 | 2027.2% |
Chile | N/A | N/A | N/A | 88.1 | 0% |
Australia | 2.9 | 16.4 | 46.8 | 22.5 | 98.0% |
United States | N/A | 1.6 | 13.3 | 20.2 | 255.3% |
Belgium | 14.8 | N/A | N/A | 12.8 | -4.7% |
Taiwan (Chinese) | N/A | N/A | 19.7 | 0.8 | -95.9% |
Others | 0.5 | 2.8 | 10.6 | 4.8 | 112.5% |
Total | 137 | 218 | 214 | 1,310 | 112.3% |
Top Suppliers of Preserved Salmon to the Philippines in 2022:
- Sweden (36.7 tons)
- Thailand (30.0 tons)
- United States (15.3 tons)
- Chile (13.0 tons)
- Poland (10.8 tons)
- Norway (4.7 tons)
- Australia (2.0 tons)
- Belgium (0.6 tons)
- Taiwan (Chinese) (0.2 tons)
Preserved Salmon Exports in the Philippines
In 2022, the amount of salmon (prepared or preserved) exported from the Philippines soared to 31 tons, rising by 36% compared with 2021 figures. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 445% against the previous year. As a result, the exports reached the peak of 68 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, preserved salmon exports soared to $92K in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.9% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 68%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Preserved Salmon in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | N/A | N/A | N/A | 32.0 | 0% |
United States | N/A | N/A | N/A | 20.2 | 0% |
Qatar | N/A | N/A | N/A | 19.1 | 0% |
United Arab Emirates | 0.6 | 40.5 | N/A | 7.7 | 134.1% |
South Korea | N/A | N/A | 4.6 | 7.5 | 63.0% |
New Zealand | N/A | N/A | 0.1 | 3.2 | 3100.0% |
Guam | N/A | N/A | N/A | 2.0 | 0% |
Kuwait | N/A | N/A | 20.9 | N/A | 0% |
Thailand | N/A | 4.4 | N/A | N/A | 0% |
Malaysia | N/A | 7.0 | N/A | N/A | 0% |
Oman | 41.6 | N/A | N/A | N/A | 0% |
Northern Mariana Islands | N/A | 28.0 | N/A | N/A | 0% |
Bahrain | N/A | N/A | 38.2 | N/A | 0% |
Others | 5.4 | N/A | 2.3 | N/A | -34.7% |
Total | 47.5 | 80.0 | 66.0 | 91.7 | 24.5% |
Top Export Markets for Preserved Salmon from the Philippines in 2022:
- United States (12.0 tons)
- Qatar (5.8 tons)
- South Korea (5.7 tons)
- Australia (4.1 tons)
- United Arab Emirates (1.7 tons)
- New Zealand (1.4 tons)
- Guam (0.7 tons)
This report provides an in-depth analysis of the preserved salmon 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 10202510 - Prepared or preserved salmon, 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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