Price for Fish; Live, Ornamental, Other than Freshwater in the Philippines - 2022
Contents:
- Price for Fish; Live, Ornamental, Other than Freshwater in the Philippines (FOB) - 2022
- Exports of Fish; Live, Ornamental, Other than Freshwater in the Philippines
Price for Fish; Live, Ornamental, Other than Freshwater in the Philippines (FOB) - 2022
The average export price for fish; live, ornamental, other than freshwater stood at $4,040 per ton in 2022, shrinking by -45.8% against the previous year. Overall, the export price, however, recorded strong growth. The pace of growth was the most pronounced in 2019 an increase of 52% against the previous year. The export price peaked at $7,458 per ton in 2021, and then reduced dramatically in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($17,430 per ton), while the average price for exports to China ($1,325 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+96.8%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Fish; Live, Ornamental, Other than Freshwater in the Philippines
After two years of decline, shipments abroad of fish; live, ornamental, other than freshwater increased by 64% to 1.3K tons in 2022. In general, exports, however, recorded a perceptible decline.
In value terms, exports of fish; live, ornamental, other than freshwater reduced to $5.2M in 2022. Overall, exports, however, saw a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by 38% against the previous year.
| Export of Fish; Live, Ornamental, Other than Freshwater in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,228 | 1,222 | 1,977 | 2,068 | 19.0% |
| China | 738 | 631 | 691 | 1,153 | 16.0% |
| Hong Kong SAR | 646 | 313 | 366 | 349 | -18.6% |
| United Kingdom | 336 | 251 | 347 | 182 | -18.5% |
| Netherlands | 179 | 143 | 210 | 128 | -10.6% |
| South Korea | 154 | 113 | 126 | 104 | -12.3% |
| Australia | 60.9 | 24.3 | 25.5 | 65.6 | 2.5% |
| Israel | 111 | 70.5 | 82.2 | 39.9 | -28.9% |
| Others | 2,653 | 1,460 | 1,989 | 1,074 | -26.0% |
| Total | 6,105 | 4,227 | 5,813 | 5,163 | -5.4% |
Top Export Markets for Fish; Live, Ornamental, Other than Freshwater from the Philippines in 2022:
- China (869.9 tons)
- United States (211.7 tons)
- United Kingdom (23.1 tons)
- Hong Kong SAR (20.0 tons)
- Netherlands (18.5 tons)
- Israel (17.5 tons)
- South Korea (11.1 tons)
- Australia (6.9 tons)
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