Price for Homogenised Composite Food Preparations in the Philippines - 2023
Contents:
- Price for Homogenised Composite Food Preparations in the Philippines (CIF) - 2022
- Price for Homogenised Composite Food Preparations in the Philippines (FOB) - 2022
- Imports of Homogenised Composite Food Preparations in the Philippines
- Exports of Homogenised Composite Food Preparations in the Philippines
Price for Homogenised Composite Food Preparations in the Philippines (CIF) - 2022
In 2022, the average homogenised composite food preparations import price amounted to $2,720 per ton, with a decrease of -27.2% against the previous year. Overall, the import price, however, enjoyed a measured expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by 55%. The import price peaked at $3,736 per ton in 2021, and then contracted remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($8,878 per ton), while the price for Japan ($985 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Homogenised Composite Food Preparations in the Philippines (FOB) - 2022
In 2022, the average homogenised composite food preparations export price amounted to $5,906 per ton, jumping by 85% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, homogenised composite food preparations export price increased by +115.6% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($9,466 per ton), while the average price for exports to Kuwait ($3,250 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Homogenised Composite Food Preparations in the Philippines
In 2022, approx. 436 tons of homogenised composite food preparationses were imported into the Philippines; growing by 66% on the previous year's figure. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 202% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, homogenised composite food preparations imports surged to $1.2M in 2022. In general, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 219% against the previous year. As a result, imports attained the peak of $1.3M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Homogenised Composite Food Preparations in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 90.3 | 442 | 345 | 647 | 92.8% |
| Thailand | 11.7 | 82.5 | 60.5 | 116 | 114.8% |
| South Korea | 13.8 | 51.0 | 19.5 | 104 | 96.1% |
| Japan | 0.5 | 2.9 | 1.4 | 70.4 | 420.2% |
| Malaysia | 8.8 | 23.9 | 30.5 | 68.5 | 98.2% |
| Canada | 3.0 | 21.0 | 17.6 | 52.8 | 160.1% |
| China | 0.6 | 61.6 | 21.1 | 37.8 | 297.9% |
| Poland | 82.1 | 131 | 72.6 | N/A | -6.0% |
| Saudi Arabia | 148 | 404 | 189 | N/A | 13.0% |
| Others | 63.0 | 125 | 227 | 89.5 | 12.4% |
| Total | 422 | 1,345 | 984 | 1,186 | 41.1% |
Top Suppliers of Homogenised Composite Food Preparations to the Philippines in 2022:
- United States (198.4 tons)
- Japan (71.5 tons)
- South Korea (65.3 tons)
- Thailand (44.5 tons)
- China (20.3 tons)
- Canada (13.0 tons)
- Malaysia (7.7 tons)
Exports of Homogenised Composite Food Preparations in the Philippines
In 2022, shipments abroad of homogenised composite food preparationses decreased by -93.5% to 3.1 tons, falling for the second year in a row after two years of growth. Overall, exports showed a sharp descent. The growth pace was the most rapid in 2020 when exports increased by 15%. As a result, the exports attained the peak of 90 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, homogenised composite food preparations exports contracted rapidly to $18K in 2022. In general, exports recorded a sharp reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 23%. As a result, the exports attained the peak of $262K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Homogenised Composite Food Preparations in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.2 | 3.1 | 3.0 | 10.3 | 67.3% |
| Kuwait | 1.0 | 3.7 | 1.4 | 5.4 | 75.4% |
| Australia | 7.6 | 16.1 | 11.9 | 2.6 | -30.1% |
| United States | 10.7 | 11.0 | 5.8 | N/A | -26.4% |
| Qatar | 155 | 179 | 104 | N/A | -18.1% |
| United Arab Emirates | 9.7 | 11.1 | 6.8 | N/A | -16.3% |
| Saudi Arabia | 8.5 | 18.6 | 10.4 | N/A | 10.6% |
| Others | 18.4 | 19.6 | 8.5 | N/A | -32.0% |
| Total | 213 | 262 | 152 | 18.4 | -55.8% |
Top Export Markets for Homogenised Composite Food Preparations from the Philippines in 2022:
- Kuwait (1.7 tons)
- Japan (1.2 tons)
- Australia (0.3 tons)
Nothing found. Please try again.
Nothing found. Please try again.
Nothing found. Please try again.
