Philippines: Market for Jellyfish, Dried, Salted Or In Brine, Smoked 2024

Market Size for Jellyfish, Dried, Salted Or In Brine, Smoked in the Philippines

The Philippine market for jellyfish, dried, salted or in brine, smoked fell to $X in 2022, reducing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed a strong increase. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Exports of Jellyfish, Dried, Salted Or In Brine, Smoked

Exports from the Philippines

In 2022, after two years of decline, there was growth in shipments abroad of jellyfish, dried, salted or in brine, smoked, when their volume increased by X% to X kg. Overall, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports of attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, exports of jellyfish, dried, salted or in brine, smoked surged to $X in 2022. In general, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X kg) was the main destination for exports of jellyfish, dried, salted or in brine, smoked from the Philippines, accounting for a X% share of total exports. Moreover, exports of jellyfish, dried, salted or in brine, smoked to South Korea exceeded the volume sent to the second major destination, Canada (X kg), ninefold.

From 2012 to 2022, the average annual growth rate of volume to South Korea amounted to X%.

In value terms, South Korea ($X) remains the key foreign market for jellyfish, dried, salted or in brine, smoked exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea amounted to X%.

Export Prices by Country

The average export price for jellyfish, dried, salted or in brine, smoked stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.

Imports of Jellyfish, Dried, Salted Or In Brine, Smoked

Imports into the Philippines

In 2022, the amount of jellyfish, dried, salted or in brine, smoked imported into the Philippines contracted to X tons, shrinking by X% against 2021 figures. Over the period under review, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports of reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of jellyfish, dried, salted or in brine, smoked dropped to $X in 2022. In general, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of jellyfish, dried, salted or in brine, smoked to the Philippines, accounting for a X% share of total imports. It was followed by Hong Kong SAR (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of jellyfish, dried, salted or in brine, smoked to the Philippines, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%.

Import Prices by Country

The average import price for jellyfish, dried, salted or in brine, smoked stood at $X per ton in 2022, reducing by X% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for jellyfish, dried, salted or in brine, smoked decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Hong Kong SAR amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%).

Source: IndexBox Platform

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