Price for Fish Fillets; Fresh or Chilled, Swordfish (Xiphias Gladius) in the Philippines - 2022

Contents:

  1. Price for Fish Fillets; Fresh or Chilled, Swordfish (Xiphias Gladius) in the Philippines (CIF) - 2022
  2. Price for Fish Fillets; Fresh or Chilled, Swordfish (Xiphias Gladius) in the Philippines (FOB) - 2022
  3. Imports of Fish Fillets; Fresh or Chilled, Swordfish (Xiphias Gladius) in the Philippines
  4. Exports of Fish Fillets; Fresh or Chilled, Swordfish (Xiphias Gladius) in the Philippines

Price for Fish Fillets; Fresh or Chilled, Swordfish (Xiphias Gladius) in the Philippines (CIF) - 2022

The average import price for fish fillets; fresh or chilled, swordfish (xiphias gladius)s stood at $14,249 per ton in 2022, with an increase of 1,153% against the previous year. Overall, the import price saw a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2014 to 2022, the rate of growth in terms of prices for South Korea amounted to +98.8% per year.

Price for Fish Fillets; Fresh or Chilled, Swordfish (Xiphias Gladius) in the Philippines (FOB) - 2022

The average export price for fish fillets; fresh or chilled, swordfish (xiphias gladius)s stood at $10,824 per ton in 2022, declining by -12.7% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fish fillets; fresh or chilled, swordfish (xiphias gladius)s increased by +77.3% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 29%. As a result, the export price attained the peak level of $12,400 per ton, and then dropped in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +9.4% per year.

Imports of Fish Fillets; Fresh or Chilled, Swordfish (Xiphias Gladius) in the Philippines

After two years of decline, supplies from abroad of fish fillets; fresh or chilled, swordfish (xiphias gladius)s decreased by -53.5% to 370 kg in 2022. In general, imports faced a sharp reduction.

In value terms, imports of fish fillets; fresh or chilled, swordfish (xiphias gladius)s soared to $5.3K in 2022. Over the period under review, imports saw a dramatic shrinkage.

Import of Fish Fillets; Fresh or Chilled, Swordfish (Xiphias Gladius) in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam9.2N/AN/A5.3-16.8%
IndonesiaN/AN/A0.9N/A0%
India5.8N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total15.0N/A0.95.3-29.3%

Top Suppliers of Fish Fillets; Fresh or Chilled, Swordfish (Xiphias Gladius) to the Philippines in 2022:

  1. Vietnam (370.0 kg)

Exports of Fish Fillets; Fresh or Chilled, Swordfish (Xiphias Gladius) in the Philippines

In 2022, shipments abroad of fish fillets; fresh or chilled, swordfish (xiphias gladius)s was finally on the rise to reach 17 kg after two years of decline. In general, exports, however, continue to indicate a abrupt decline.

In value terms, exports of fish fillets; fresh or chilled, swordfish (xiphias gladius)s reduced slightly to $184 in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 1.7%.

Export of Fish Fillets; Fresh or Chilled, Swordfish (Xiphias Gladius) in the Philippines (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada1801651861840.7%
NetherlandsN/A18.0N/AN/A0%
OthersN/AN/AN/AN/A0%
Total1801831861840.7%

Top Export Markets for Fish Fillets; Fresh or Chilled, Swordfish (Xiphias Gladius) from the Philippines in 2022:

  1. Canada (17.0 kg)

Source: IndexBox Market Intelligence Platform

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