Price for Mollusc Preparations; Mussels, Prepared or Preserved in the Philippines - 2023
Contents:
- Price for Mollusc Preparations; Mussels, Prepared or Preserved in the Philippines (CIF) - 2022
- Imports of Mollusc Preparations; Mussels, Prepared or Preserved in the Philippines
Price for Mollusc Preparations; Mussels, Prepared or Preserved in the Philippines (CIF) - 2022
In 2022, the average import price for mollusc preparations; mussels, prepared or preserveds amounted to $2,212 per ton, therefore, remained relatively stable against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2018 when the average import price increased by 19%. Over the period under review, average import prices hit record highs at $2,810 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 China ($6,183 per ton), while the price for Chile amounted to $2,166 per ton.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+6.9%).
Imports of Mollusc Preparations; Mussels, Prepared or Preserved in the Philippines
In 2022, the amount of mollusc preparations; mussels, prepared or preserveds imported into the Philippines skyrocketed to 125 tons, growing by 213% against the year before. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 1,319%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of mollusc preparations; mussels, prepared or preserveds skyrocketed to $276K in 2022. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 1,269% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Mollusc Preparations; Mussels, Prepared or Preserved in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 35.2 | 6.0 | 53.2 | 267 | 96.5% |
| China | N/A | 0.2 | 32.5 | 3.8 | 335.9% |
| Others | 0.4 | 0.2 | 2.7 | 4.5 | 124.1% |
| Total | 35.5 | 6.5 | 88.3 | 276 | 98.1% |
Top Suppliers of Mollusc Preparations; Mussels, Prepared or Preserved to the Philippines in 2022:
- Chile (123.4 tons)
- China (0.6 tons)
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