Price for Mollusc Preparations; Mussels, Prepared or Preserved in the Philippines - 2023
Contents:
- Price for Mollusc Preparations; Mussels, Prepared or Preserved in the Philippines (CIF) - 2022
- Imports of Mollusc Preparations; Mussels, Prepared or Preserved in the Philippines
Price for Mollusc Preparations; Mussels, Prepared or Preserved in the Philippines (CIF) - 2022
In 2022, the average import price for mollusc preparations; mussels, prepared or preserveds amounted to $2,212 per ton, therefore, remained relatively stable against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2018 when the average import price increased by 19%. Over the period under review, average import prices hit record highs at $2,810 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($6,183 per ton), while the price for Chile amounted to $2,166 per ton.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+6.9%).
Imports of Mollusc Preparations; Mussels, Prepared or Preserved in the Philippines
In 2022, the amount of mollusc preparations; mussels, prepared or preserveds imported into the Philippines skyrocketed to 125 tons, growing by 213% against the year before. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 1,319%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of mollusc preparations; mussels, prepared or preserveds skyrocketed to $276K in 2022. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 1,269% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
Import of Mollusc Preparations; Mussels, Prepared or Preserved in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Chile | 35.2 | 6.0 | 53.2 | 267 | 96.5% |
China | N/A | 0.2 | 32.5 | 3.8 | 335.9% |
Others | 0.4 | 0.2 | 2.7 | 4.5 | 124.1% |
Total | 35.5 | 6.5 | 88.3 | 276 | 98.1% |
Top Suppliers of Mollusc Preparations; Mussels, Prepared or Preserved to the Philippines in 2022:
- Chile (123.4 tons)
- China (0.6 tons)
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