Philippines - Tuna (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Tuna Price in the Philippines - 2023
Contents:
- Preserved Tuna Price in the Philippines (FOB) - 2023
- Preserved Tuna Price in the Philippines (CIF) - 2022
- Preserved Tuna Exports in the Philippines
- Preserved Tuna Imports in the Philippines
Preserved Tuna Price in the Philippines (FOB) - 2023
The average preserved tuna export price stood at $4,789 per ton in June 2023, approximately reflecting the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average export price increased by 19% month-to-month. Over the period under review, the average export prices reached the maximum in June 2023.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Italy ($6,906 per ton), while the average price for exports to Papua New Guinea ($1,565 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Tuna Price in the Philippines (CIF) - 2022
The average preserved tuna import price stood at $3,810 per ton in 2022, rising by 6.8% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 72% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.
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 China ($4,281 per ton), while the price for Papua New Guinea ($1,553 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Tuna Exports in the Philippines
In 2022, overseas shipments of tuna (prepared or preserved) decreased by -5.6% to 78K tons, falling for the second year in a row after two years of growth. In general, exports saw a pronounced contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 1.1%. As a result, the exports reached the peak of 89K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, preserved tuna exports dropped slightly to $340M in 2022. Over the period under review, exports showed a mild downturn. The pace of growth appeared the most rapid in 2021 with an increase of 0.2% against the previous year.
| Export of Preserved Tuna in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 101 | 80.2 | 54.6 | 65.7 | -13.4% |
| Japan | 38.7 | 46.6 | 68.1 | 61.0 | 16.4% |
| Spain | 9.0 | 22.8 | 42.6 | 40.6 | 65.2% |
| United Kingdom | 53.1 | 38.7 | 29.1 | 38.9 | -9.9% |
| United States | 37.0 | 35.9 | 40.6 | 36.6 | -0.4% |
| Netherlands | 31.3 | 26.9 | 49.0 | 31.9 | 0.6% |
| Italy | 8.3 | 17.9 | 13.7 | 10.1 | 6.8% |
| Belgium | 4.4 | 4.4 | 7.1 | 6.2 | 12.1% |
| Papua New Guinea | 1.5 | 9.4 | 3.0 | 4.6 | 45.3% |
| Poland | 8.4 | 12.3 | 3.8 | 4.0 | -21.9% |
| United Arab Emirates | 7.9 | 4.1 | 1.9 | 2.9 | -28.4% |
| Others | 55.9 | 45.3 | 31.7 | 37.6 | -12.4% |
| Total | 356 | 344 | 345 | 340 | -1.5% |
Top Export Markets for Preserved Tuna from the Philippines in 2022:
- Germany (15.7K tons)
- Japan (11.9K tons)
- Spain (9.9K tons)
- United Kingdom (8.3K tons)
- United States (8.0K tons)
- Netherlands (7.5K tons)
- Papua New Guinea (2.9K tons)
- Italy (2.0K tons)
- Belgium (1.2K tons)
- Poland (1.0K tons)
- United Arab Emirates (0.8K tons)
Preserved Tuna Imports in the Philippines
In 2022, overseas purchases of tuna (prepared or preserved) decreased by -18% to 3.5K tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 63% against the previous year. As a result, imports attained the peak of 4.8K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, preserved tuna imports shrank to $13M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -16.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 67%. As a result, imports reached the peak of $16M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Preserved Tuna in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 0.6 | 0.9 | 3.8 | 4.5 | 95.7% |
| China | 5.9 | 9.0 | 5.2 | 4.3 | -10.0% |
| Thailand | 2.5 | 5.2 | 3.5 | 1.5 | -15.7% |
| Japan | 0.1 | N/A | 0.4 | 1.0 | 115.4% |
| Vietnam | 0.1 | N/A | N/A | 0.5 | 71.0% |
| United States | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Papua New Guinea | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Netherlands | N/A | N/A | 1.2 | 0.1 | -91.7% |
| South Korea | 0.1 | 0.2 | 0.1 | N/A | 0.0% |
| Others | 0.2 | 0.5 | 0.7 | 0.7 | 51.8% |
| Total | 9.5 | 15.8 | 15.1 | 13.2 | 11.6% |
Top Suppliers of Preserved Tuna to the Philippines in 2022:
- Indonesia (1124.7 tons)
- China (994.5 tons)
- Thailand (505.7 tons)
- Japan (256.0 tons)
- Papua New Guinea (147.5 tons)
- Vietnam (144.6 tons)
- United States (82.2 tons)
- South Korea (44.9 tons)
- Netherlands (39.8 tons)
This report provides an in-depth analysis of the preserved tuna 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 10202540 - Prepared or preserved tuna, skipjack and Atlantic bonito, w hole 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
-
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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