Price for Crustacean Preparations; Lobster, Prepared or Preserved in the Philippines - 2023
Contents:
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in the Philippines (CIF) - 2022
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in the Philippines (FOB) - 2022
- Imports of Crustacean Preparations; Lobster, Prepared or Preserved in the Philippines
- Exports of Crustacean Preparations; Lobster, Prepared or Preserved in the Philippines
Price for Crustacean Preparations; Lobster, Prepared or Preserved in the Philippines (CIF) - 2022
In 2022, the average import price for crustacean preparations; lobster, prepared or preserveds amounted to $560 per ton, waning by -58.4% against the previous year. Overall, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 46% against the previous year. Over the period under review, average import prices attained the maximum at $2,410 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($4,031 per ton), while the price for China ($454 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Crustacean Preparations; Lobster, Prepared or Preserved in the Philippines (FOB) - 2022
In 2022, the average export price for crustacean preparations; lobster, prepared or preserveds amounted to $11,418 per ton, remaining stable against the previous year. Overall, the export price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 an increase of 93% against the previous year. As a result, the export price reached the peak level of $18,626 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +7.4% per year.
Imports of Crustacean Preparations; Lobster, Prepared or Preserved in the Philippines
In 2022, overseas purchases of crustacean preparations; lobster, prepared or preserveds were finally on the rise to reach 1.6K tons after two years of decline. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of crustacean preparations; lobster, prepared or preserveds surged to $887K in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Crustacean Preparations; Lobster, Prepared or Preserved in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 77.1 | 24.4 | 62.4 | 600 | 98.2% |
| Malaysia | 335 | 426 | 166 | 129 | -27.2% |
| Hong Kong SAR | 22.6 | 24.4 | 52.2 | 103 | 65.8% |
| Others | 49.7 | 23.7 | 23.2 | 54.4 | 3.1% |
| Total | 484 | 498 | 304 | 887 | 22.4% |
Top Suppliers of Crustacean Preparations; Lobster, Prepared or Preserved to the Philippines in 2022:
- China (1320.7 tons)
- Hong Kong SAR (217.8 tons)
- Malaysia (32.1 tons)
Exports of Crustacean Preparations; Lobster, Prepared or Preserved in the Philippines
For the fourth year in a row, the Philippines recorded growth in shipments abroad of crustacean preparations; lobster, prepared or preserveds, which increased by 0.5% to 2.8 tons in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,725% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of crustacean preparations; lobster, prepared or preserveds reached $31K in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,194% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Crustacean Preparations; Lobster, Prepared or Preserved in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1.4 | 2.4 | 31.3 | 31.4 | 182.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.4 | 2.4 | 31.3 | 31.4 | 182.0% |
Top Export Markets for Crustacean Preparations; Lobster, Prepared or Preserved from the Philippines in 2022:
- South Korea (2.8 tons)
328
This report provides an in-depth analysis of the market for prepared or preserved crab meat in the Philippines.
515
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
328
This report provides an in-depth analysis of the market for prepared or preserved crab meat in the Philippines.
515
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
Nothing found. Please try again.
