Price for Fish; Swordfish (Xiphias Gladius), Frozen, Other than Fillets in the Philippines - 2023
Contents:
- Price for Fish; Swordfish (Xiphias Gladius), Frozen, Other than Fillets in the Philippines (CIF) - 2022
- Imports of Fish; Swordfish (Xiphias Gladius), Frozen, Other than Fillets in the Philippines
Price for Fish; Swordfish (Xiphias Gladius), Frozen, Other than Fillets in the Philippines (CIF) - 2022
In 2022, the average import price for fish; swordfish (xiphias gladius), frozen, other than filletses amounted to $10,345 per ton, jumping by 26% against the previous year. In general, the import price showed a significant increase. The growth pace was the most rapid in 2020 an increase of 33%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($10,347 per ton), while the price for South Korea ($10,345 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fish; Swordfish (Xiphias Gladius), Frozen, Other than Fillets in the Philippines
In 2022, the amount of fish; swordfish (xiphias gladius), frozen, other than filletses imported into the Philippines fell rapidly to 8.6 tons, waning by -66.8% compared with the previous year. Over the period under review, imports recorded a dramatic decline. The pace of growth appeared the most rapid in 2021 when imports increased by 74% against the previous year. As a result, imports attained the peak of 26 tons, and then plummeted in the following year.
In value terms, imports of fish; swordfish (xiphias gladius), frozen, other than filletses contracted sharply to $89K in 2022. Overall, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 84% against the previous year. As a result, imports attained the peak of $213K, and then contracted remarkably in the following year.
| Import of Fish; Swordfish (Xiphias Gladius), Frozen, Other than Fillets in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 23.9 | 84.1 | 143 | 49.9 | 27.8% |
| Vietnam | 5.4 | 11.7 | 43.6 | 22.7 | 61.4% |
| Indonesia | 26.7 | 17.6 | 8.6 | 16.7 | -14.5% |
| China | N/A | N/A | 8.9 | N/A | 0% |
| Singapore | 9.1 | 0.9 | 6.5 | N/A | -15.5% |
| Others | 73.9 | 1.7 | 2.1 | N/A | -83.1% |
| Total | 139 | 116 | 213 | 89.2 | -13.7% |
Top Suppliers of Fish; Swordfish (Xiphias Gladius), Frozen, Other than Fillets to the Philippines in 2022:
- South Korea (4.8 tons)
- Vietnam (2.2 tons)
- Indonesia (1.6 tons)
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