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Philippines - Fish Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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Philippines: Overview of the Market for Fish Fats And Oils 2021

Market Size for Fish Fats And Oils in the Philippines

In 2020, the Philippine fish fat and oil market increased by X% to $X, rising for the third consecutive year after three years of decline. In general, the total consumption indicated modest growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Production of Fish Fats And Oils in the Philippines

In value terms, fish fat and oil production stood at $X in 2020 estimated in export prices. Overall, production posted a moderate expansion. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Fish fat and oil production peaked at $X in 2014; however, from 2015 to 2020, production failed to regain the momentum.

Exports of Fish Fats And Oils

Exports from the Philippines

In 2020, approx. X tonnes of fish fats and oils were exported from the Philippines; reducing by -X% against the year before. In general, exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, fish fat and oil exports dropped to $X in 2020. Over the period under review, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2017 when exports increased by X% year-to-year. As a result, exports attained the peak of $X. From 2018 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Peru (X tonnes) was the main destination for fish fat and oil exports from the Philippines, with a X% share of total exports. Moreover, fish fat and oil exports to Peru exceeded the volume sent to the second major destination, South Korea (X tonnes), sixfold. The third position in this ranking was occupied by Japan (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Peru stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Japan (+X% per year).

In value terms, Peru ($X), Japan ($X) and South Korea ($X) appeared to be the largest markets for fish fat and oil exported from the Philippines worldwide, together comprising X% of total exports.

Peru (+X% per year) recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fish fat and oil export price stood at $X per tonne in 2020, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2009 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while the average price for exports to South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Peru, while the prices for the other major destinations experienced a decline.

Imports of Fish Fats And Oils

Imports into the Philippines

For the third consecutive year, the Philippines recorded growth in supplies from abroad of fish fats and oils, which increased by X% to X tonnes in 2020. Over the period under review, imports saw perceptible growth. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure in 2020 and are likely to see steady growth in the near future.

In value terms, fish fat and oil imports skyrocketed to $X in 2020. In general, imports enjoyed a temperate increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2009; however, from 2010 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Chile (X tonnes), South Korea (X tonnes) and Switzerland (X tonnes) were the main suppliers of fish fat and oil imports to the Philippines, with a combined X% share of total imports. These countries were followed by Japan, Spain and Australia, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) constituted the largest supplier of fish fat and oil to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by Chile ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Switzerland stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+X% per year) and Japan (+X% per year).

Import Prices by Country

The average fish fat and oil import price stood at $X per tonne in 2020, remaining stable against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The import price peaked at $X per tonne in 2010; however, from 2011 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Switzerland ($X per tonne), while the price for Chile ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fish fats and oils in the world?
+
The countries with the highest volumes of fish fat and oil consumption in 2020 were China (711K tonnes), the U.S. (356K tonnes) and India (287K tonnes), with a combined 28% share of global consumption. Norway, Japan, Russia, Brazil, Mexico, Pakistan, Indonesia, Bangladesh, Nigeria and France lagged somewhat behind, together comprising a further 28%.
What are the largest producers of fish fats and oils in the world?
+
The countries with the highest volumes of fish fat and oil production in 2020 were China (665K tonnes), the U.S. (390K tonnes) and India (287K tonnes), together accounting for 29% of global production. Norway, Japan, Russia, Brazil, Mexico, Pakistan, Bangladesh, Indonesia, Nigeria and France lagged somewhat behind, together accounting for a further 28%.
What are the leading suppliers of fish fats and oils to the Philippines?
+
In value terms, Switzerland ($1.7M) constituted the largest supplier of fish fat and oil to the Philippines, comprising 53% of total imports. The second position in the ranking was occupied by Chile ($398K), with a 12% share of total imports. It was followed by Japan, with a 12% share.
What are the leading importers of fish fats and oils from the Philippines?
+
In value terms, the largest markets for fish fat and oil exported from the Philippines were Peru ($1.5M), Japan ($959K) and South Korea ($179K), together comprising 98% of total exports.
What is the average export price for fish fats and oils in the Philippines?
+
In 2020, the average fish fat and oil export price amounted to $2,044 per tonne, growing by 6.7% against the previous year.
What is the average import price for fish fats and oils in the Philippines?
+
The average fish fat and oil import price stood at $2,607 per tonne in 2020, therefore, remained relatively stable against the previous year.

Product coverage:
• Prodcom 10411200 - Fats and oils and their fractions of fish or marine mammals (excluding chemically modified)

This report provides an in-depth analysis of the market for fish fat and oil 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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