Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the Philippines - 2023
Contents:
- Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the Philippines (FOB) - 2022
- Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the Philippines (CIF) - 2022
- Exports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the Philippines
- Imports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the Philippines
Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the Philippines (FOB) - 2022
The average export price for fish fillets; fresh or chilled, other than fish of heading 0304.4s stood at $14,673 per ton in 2022, picking up by 5.1% against the previous year. In general, the export price saw prominent growth. The growth pace was the most rapid in 2019 an increase of 48% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($14,673 per ton) and Thailand ($14,673 per ton), while the average price for exports to the United States ($14,658 per ton) and France ($14,670 per ton) were amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+42.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the Philippines (CIF) - 2022
In 2022, the average import price for fish fillets; fresh or chilled, other than fish of heading 0304.4s amounted to $15,673 per ton, picking up by 382% against the previous year. Overall, the import price continues to indicate strong growth. The import price peaked at $19,903 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Vietnam.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +5.8% per year.
Exports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the Philippines
In 2022, the amount of fish fillets; fresh or chilled, other than fish of heading 0304.4s exported from the Philippines soared to 27 tons, increasing by 27% against the previous year. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,326%. As a result, the exports reached the peak of 274 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of fish fillets; fresh or chilled, other than fish of heading 0304.4s skyrocketed to $399K in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,464%. As a result, the exports attained the peak of $3.5M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 63.1 | 1,382 | 87.3 | 138 | 29.8% |
| Japan | 9.2 | 67.8 | 3.0 | 119 | 134.7% |
| Thailand | N/A | N/A | N/A | 71.5 | 0% |
| Germany | 13.5 | 169 | 47.3 | 37.6 | 40.7% |
| Hong Kong SAR | 7.2 | 65.8 | 3.4 | 16.0 | 30.5% |
| France | 4.1 | 21.1 | 3.0 | 12.0 | 43.0% |
| United States | 57.1 | 743 | 55.4 | 2.1 | -66.7% |
| Netherlands | 44.9 | 851 | 57.5 | N/A | 13.2% |
| Others | 25.5 | 210 | 42.1 | 2.5 | -53.9% |
| Total | 224 | 3,511 | 299 | 399 | 21.2% |
Top Export Markets for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 from the Philippines in 2022:
- Switzerland (9.4 tons)
- Japan (8.1 tons)
- Thailand (4.9 tons)
- Germany (2.6 tons)
- Hong Kong SAR (1.1 tons)
- France (0.8 tons)
- United States (0.1 tons)
Imports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the Philippines
Imports of fish fillets; fresh or chilled, other than fish of heading 0304.4s into the Philippines dropped dramatically to 1.2 tons in 2022, shrinking by -98.4% on 2021 figures. In general, imports saw a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 538% against the previous year.
In value terms, imports of fish fillets; fresh or chilled, other than fish of heading 0304.4s dropped markedly to $19K in 2022. Over the period under review, imports faced a sharp descent. The most prominent rate of growth was recorded in 2021 when imports increased by 707%. As a result, imports reached the peak of $248K, and then reduced remarkably in the following year.
| Import of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | N/A | N/A | 19.2 | 0% |
| Japan | N/A | 9.7 | 187 | N/A | 1827.8% |
| United States | 50.0 | N/A | N/A | N/A | 0% |
| India | 33.5 | N/A | N/A | N/A | 0% |
| Indonesia | 68.0 | 14.5 | 19.4 | N/A | -46.6% |
| Maldives | N/A | N/A | 41.3 | N/A | 0% |
| Others | 1.2 | 6.5 | N/A | N/A | 441.7% |
| Total | 153 | 30.7 | 248 | 19.2 | -49.9% |
Top Suppliers of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 to the Philippines in 2022:
- Vietnam (1.2 tons)
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