Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in the Philippines - 2023

Contents:

1. Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in the Philippines (FOB) - 2022
2. Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in the Philippines (CIF) - 2022
3. Exports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in the Philippines
4. Imports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in the Philippines

Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in the Philippines (FOB) - 2022

The average export price for aquatic invertebrates; sea cucumbers, prepared or preserveds stood at $76,432 per ton in 2022, with an increase of 34% against the previous year. In general, the export price showed a significant increase. The growth pace was the most rapid in 2018 when the average export price increased by 802%. Over the period under review, the average export prices attained the peak figure at $87,266 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for South Korea.

From 2017 to 2022, the rate of growth in terms of prices for Malaysia amounted to +70.3% per year.

Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in the Philippines (CIF) - 2022

In 2022, the average import price for aquatic invertebrates; sea cucumbers, prepared or preserveds amounted to $329 per ton, therefore, remained relatively stable against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2020 a decrease of 99.9% against the previous year. Over the period under review, average import prices reached the peak figure at $632 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for South Korea.

From 2019 to 2022, the rate of growth in terms of prices for South Korea amounted to -15.0% per year.

Exports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in the Philippines

In 2022, the amount of aquatic invertebrates; sea cucumbers, prepared or preserveds exported from the Philippines surged to 7.8 tons, picking up by 23% on 2021. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 2,774% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of aquatic invertebrates; sea cucumbers, prepared or preserveds surged to $599K in 2022. In general, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 2,528%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in years to come.

Top Export Markets for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved from the Philippines in 2022:

1. South Korea (7.8 tons)

Imports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in the Philippines

In 2022, after two years of decline, there was significant decline in overseas purchases of aquatic invertebrates; sea cucumbers, prepared or preserveds, when their volume decreased by -50% to 13 tons. In general, imports saw a deep slump.

In value terms, imports of aquatic invertebrates; sea cucumbers, prepared or preserveds contracted notably to $4.1K in 2022. Over the period under review, imports recorded a dramatic decline.

Top Suppliers of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved to the Philippines in 2022:

1. South Korea (12.5 tons)

Source: IndexBox Market Intelligence Platform