Price for Smoked Fish, Incl. Fillets in the Philippines - 2023
Contents:
- Price for Smoked Fish, Incl. Fillets in the Philippines (FOB) - 2022
- Price for Smoked Fish, Incl. Fillets in the Philippines (CIF) - 2022
- Exports of Smoked Fish, Incl. Fillets in the Philippines
- Imports of Smoked Fish, Incl. Fillets in the Philippines
Price for Smoked Fish, Incl. Fillets in the Philippines (FOB) - 2022
In 2022, the average smoked fish, incl. fillets export price amounted to $6,924 per ton, which is down by -7.5% against the previous year. Overall, the export price, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 63%. The export price peaked at $7,486 per ton in 2021, and then declined in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($6,930 per ton) and Japan ($6,917 per ton), while the average price for exports to Canada ($6,917 per ton) and South Korea ($6,917 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Smoked Fish, Incl. Fillets in the Philippines (CIF) - 2022
The average smoked fish, incl. fillets import price stood at $7,896 per ton in 2022, with an increase of 7.1% against the previous year. Over the period under review, the import price enjoyed a measured expansion. The most prominent rate of growth was recorded in 2019 an increase of 471% against the previous year. As a result, import price reached the peak level of $14,381 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($7,852 per ton), while the price for Indonesia ($7,851 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+63.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Smoked Fish, Incl. Fillets in the Philippines
In 2022, the amount of smoked fish, incl. fillets exported from the Philippines skyrocketed to 1.6K tons, jumping by 97% on 2021 figures. In general, exports posted a resilient increase.
In value terms, smoked fish, incl. fillets exports soared to $11M in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 135% against the previous year. As a result, the exports reached the peak of $11M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Smoked Fish, Incl. Fillets in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.1 | 8.7 | 3.5 | 7.0 | 19.5% |
| South Korea | 0.5 | 1.6 | 1.4 | 2.5 | 71.0% |
| United States | 0.1 | 0.3 | 0.8 | 0.6 | 81.7% |
| Canada | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Taiwan (Chinese) | 0.1 | 0.5 | 0.1 | 0.2 | 26.0% |
| Others | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Total | 4.8 | 11.3 | 6.0 | 11.0 | 31.8% |
Top Export Markets for Smoked Fish, Incl. Fillets from the Philippines in 2022:
- Japan (1016.9 tons)
- South Korea (365.0 tons)
- United States (89.3 tons)
- Taiwan (Chinese) (30.2 tons)
- Canada (29.7 tons)
Imports of Smoked Fish, Incl. Fillets in the Philippines
In 2022, after three years of growth, there was significant decline in overseas purchases of smoked fish, incl. fillets, when their volume decreased by -32.8% to 7.3 tons. In general, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 494%. As a result, imports reached the peak of 11 tons, and then shrank notably in the following year.
In value terms, smoked fish, incl. fillets imports fell notably to $58K in 2022. Overall, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 1,118% against the previous year. As a result, imports attained the peak of $80K, and then reduced dramatically in the following year.
| Import of Smoked Fish, Incl. Fillets in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | N/A | 77.1 | 39.8 | -48.4% |
| United Kingdom | N/A | N/A | N/A | 14.5 | 0% |
| Norway | N/A | N/A | 2.4 | 2.3 | -4.2% |
| Thailand | 15.6 | N/A | N/A | N/A | 0% |
| Japan | N/A | 6.5 | 0.6 | N/A | -90.8% |
| Others | 1.8 | 0.1 | N/A | 1.1 | -15.1% |
| Total | 17.5 | 6.6 | 80.1 | 57.7 | 48.8% |
Top Suppliers of Smoked Fish, Incl. Fillets to the Philippines in 2022:
- Indonesia (5.1 tons)
- United Kingdom (1.8 tons)
- Norway (0.3 tons)
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