Price for Fats and Oils and Their Fractions; of Marine Mammals in the Philippines - 2022
Contents:
- Price for Fats and Oils and Their Fractions; of Marine Mammals in the Philippines (FOB) - 2022
- Price for Fats and Oils and Their Fractions; of Marine Mammals in the Philippines (CIF) - 2022
- Exports of Fats and Oils and Their Fractions; of Marine Mammals in the Philippines
- Imports of Fats and Oils and Their Fractions; of Marine Mammals in the Philippines
Price for Fats and Oils and Their Fractions; of Marine Mammals in the Philippines (FOB) - 2022
The average export price for fats and oils and their fractions; of marine mammalses stood at $1,000 per ton in 2022, leveling off at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 a decrease of 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($996 per ton), while the average price for exports to Bahrain stood at $960 per ton.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (-31.2%).
Price for Fats and Oils and Their Fractions; of Marine Mammals in the Philippines (CIF) - 2022
In 2022, the average import price for fats and oils and their fractions; of marine mammalses amounted to $1,748 per ton, surging by 5.1% against the previous year. In general, the import price enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 60% against the previous year. As a result, import price reached the peak level of $2,084 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for South Korea.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +4.2% per year.
Exports of Fats and Oils and Their Fractions; of Marine Mammals in the Philippines
In 2022, exports of fats and oils and their fractions; of marine mammalses from the Philippines was estimated at 20 tons, approximately equating the year before. In general, exports continue to indicate a precipitous contraction. The smallest decline of 99.9% was in 2021.
In value terms, exports of fats and oils and their fractions; of marine mammalses totaled $20K in 2022. Overall, exports faced a significant decline. The smallest decline of 99.9% was in 2021.
| Export of Fats and Oils and Their Fractions; of Marine Mammals in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Kuwait | 3.2 | N/A | 19.8 | 148.7% | |
| Bahrain | 0.1 | N/A | 0.5 | 123.6% | |
| South Korea | 37.4 | N/A | N/A | 0% | |
| Others | N/A | N/A | 0.1 | 0% | |
| Total | 40.8 | N/A | 20.4 | -29.3% | |
Top Export Markets for Fats and Oils and Their Fractions; of Marine Mammals from the Philippines in 2022:
- Kuwait (19.9 tons)
- Bahrain (0.5 tons)
Imports of Fats and Oils and Their Fractions; of Marine Mammals in the Philippines
In 2022, imports of fats and oils and their fractions; of marine mammalses into the Philippines declined markedly to 111 kg, with a decrease of -52.6% on the year before. Over the period under review, imports continue to indicate a precipitous setback.
In value terms, imports of fats and oils and their fractions; of marine mammalses shrank rapidly to $194 in 2022. In general, imports faced a significant decrease.
| Import of Fats and Oils and Their Fractions; of Marine Mammals in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| South Korea | 386 | 194 | -49.7% | ||
| Others | 3.0 | N/A | 0% | ||
| Total | 389 | 194 | -50.1% | ||
Top Suppliers of Fats and Oils and Their Fractions; of Marine Mammals to the Philippines in 2022:
- South Korea (111.0 kg)
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