Philippines - Smoked Herrings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSmoked Herring Price in the Philippines - 2023
Contents:
- Smoked Herring Price in the Philippines (FOB) - 2022
- Smoked Herring Price in the Philippines (CIF) - 2022
- Smoked Herring Exports in the Philippines
- Smoked Herring Imports in the Philippines
Smoked Herring Price in the Philippines (FOB) - 2022
In 2022, the average smoked herring export price amounted to $3,821 per ton, rising by 14% against the previous year. In general, the export price enjoyed resilient growth. The growth pace was the most rapid in 2015 an increase of 58%. As a result, the export price attained the peak level of $5,876 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($3,821 per ton), while the average price for exports to Qatar ($3,820 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 (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Smoked Herring Price in the Philippines (CIF) - 2022
The average smoked herring import price stood at $5,500 per ton in 2022, increasing by 20% against the previous year. Overall, the import price showed a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of 49% against the previous year. The import price peaked at $5,860 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Switzerland.
From 2012 to 2022, the rate of growth in terms of prices for Switzerland amounted to +18.1% per year.
Smoked Herring Exports in the Philippines
In 2022, shipments abroad of smoked herrings decreased by -89.6% to 8.6 tons, falling for the second year in a row after two years of growth. In general, exports faced a significant decline. The pace of growth appeared the most rapid in 2020 with an increase of 85% against the previous year. As a result, the exports reached the peak of 87 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, smoked herring exports declined rapidly to $33K in 2022. Over the period under review, exports saw a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. As a result, the exports attained the peak of $304K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Smoked Herring in the Philippines (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 20.4 | 26.8 | 4.4 | 18.7 | -2.9% |
Canada | 37.5 | 40.2 | 33.5 | 10.5 | -34.6% |
Qatar | 1.8 | 2.3 | 3.9 | 3.7 | 27.1% |
Japan | 13.6 | 2.3 | 3.9 | N/A | -46.4% |
United States | 93.1 | 168 | 155 | N/A | 29.0% |
Kuwait | 9.9 | 9.3 | 9.3 | N/A | -3.1% |
Saudi Arabia | 43.9 | 50.5 | 62.8 | N/A | 19.6% |
Others | 3.9 | 4.5 | 5.6 | N/A | 19.8% |
Total | 224 | 304 | 278 | 32.8 | -47.3% |
Top Export Markets for Smoked Herring from the Philippines in 2022:
- Australia (4.9 tons)
- Canada (2.7 tons)
- Qatar (1.0 tons)
Smoked Herring Imports in the Philippines
In 2022, approx. 4 kg of smoked herrings were imported into the Philippines; declining by -60% on 2021 figures. Overall, imports continue to indicate a dramatic descent.
In value terms, smoked herring imports reduced sharply to $22 in 2022. In general, imports faced a significant contraction.
Import of Smoked Herring in the Philippines (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
Switzerland | 44.0 | 22.0 | -50.0% | ||
Denmark | 1.0 | N/A | 0% | ||
Turkey | 1.0 | N/A | 0% | ||
Others | N/A | N/A | 0% | ||
Total | 46.0 | 22.0 | -52.2% |
Top Suppliers of Smoked Herring to the Philippines in 2022:
- Switzerland (4.0 kg)
This report provides an in-depth analysis of the smoked herring market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10202455 - Smoked herrings (including fillets, excluding heads, tails and maws)
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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