Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in the Philippines - 2023

Contents:

1. Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in the Philippines (FOB) - 2022
2. Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in the Philippines (CIF) - 2022
3. Exports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in the Philippines
4. Imports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in the Philippines

Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in the Philippines (FOB) - 2022

The average export price for mollusc preparations; scallops, including queen scallops, prepared or preserveds stood at $6,919 per ton in 2022, increasing by 10% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2020 when the average export price increased by 15%. Over the period under review, the average export prices reached the peak figure at $11,042 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($8,500 per ton), while the average price for exports to Hong Kong SAR amounted to $6,603 per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+85.2%), while the prices for the other major destinations experienced a decline.

Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in the Philippines (CIF) - 2022

In 2022, the average import price for mollusc preparations; scallops, including queen scallops, prepared or preserveds amounted to $1,377 per ton, falling by -11.5% against the previous year. Over the period under review, the import price recorded a dramatic decrease. The most prominent rate of growth was recorded in 2018 an increase of 149%. As a result, import price reached the peak level of $18,200 per ton. From 2019 to 2022, the average import prices remained at a 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 Japan ($6,288 per ton), while the price for Taiwan (Chinese) ($856 per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-3.2%), while the prices for the other major suppliers experienced a decline.

Exports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in the Philippines

In 2022, overseas shipments of mollusc preparations; scallops, including queen scallops, prepared or preserveds decreased by -24.3% to 18 tons, falling for the second year in a row after two years of growth. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 188%. As a result, the exports attained the peak of 50 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of mollusc preparations; scallops, including queen scallops, prepared or preserveds declined rapidly to $125K in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 230%. As a result, the exports reached the peak of $346K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved from the Philippines in 2022:

1. Hong Kong SAR (15.0 tons)
2. South Korea (3.0 tons)

Imports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in the Philippines

In 2022, imports of mollusc preparations; scallops, including queen scallops, prepared or preserveds into the Philippines soared to 43 tons, with an increase of 559% against the year before. In general, imports, however, recorded a deep contraction.

In value terms, imports of mollusc preparations; scallops, including queen scallops, prepared or preserveds skyrocketed to $59K in 2022. Overall, imports, however, showed a dramatic setback.

Top Suppliers of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved to the Philippines in 2022:

1. China (41.8 tons)
2. Taiwan (Chinese) (0.7 tons)
3. United States (0.3 tons)
4. Japan (0.2 tons)

Source: IndexBox Market Intelligence Platform