Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the Philippines - 2023
Contents:
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the Philippines (CIF) - 2022
- Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the Philippines
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the Philippines (CIF) - 2022
In 2022, the average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $2,445 per ton, declining by -42.3% against the previous year. In general, the import price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2017 an increase of 60%. Over the period under review, average import prices attained the maximum at $10,961 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
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 Germany ($5,040 per ton), while the price for the Netherlands ($2,234 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-6.5%), while the prices for the other major suppliers experienced a decline.
Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the Philippines
In 2022, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s into the Philippines fell to 3.9 tons, which is down by -11.8% on 2021. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 7,138%. As a result, imports attained the peak of 4.4 tons, and then dropped in the following year.
In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s shrank rapidly to $9.5K in 2022. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 5,447% against the previous year. As a result, imports reached the peak of $19K, and then contracted notably in the following year.
| Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 8.0 | 0% |
| Germany | 0.4 | 0.2 | 12.2 | 1.4 | 51.8% |
| Brazil | 0.6 | 0.1 | 5.1 | 0.2 | -30.7% |
| Vietnam | 1.7 | N/A | N/A | N/A | 0% |
| Ukraine | N/A | N/A | 1.4 | N/A | 0% |
| Others | 0.4 | N/A | N/A | N/A | 0% |
| Total | 3.0 | 0.3 | 18.7 | 9.5 | 46.8% |
Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to the Philippines in 2022:
- Netherlands (3.6 tons)
- Germany (0.3 tons)
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