Price for Fish Fillets; Frozen, Swordfish (Xiphias Gladius) in the Philippines - 2023
Contents:
- Price for Fish Fillets; Frozen, Swordfish (Xiphias Gladius) in the Philippines (CIF) - 2022
- Imports of Fish Fillets; Frozen, Swordfish (Xiphias Gladius) in the Philippines
Price for Fish Fillets; Frozen, Swordfish (Xiphias Gladius) in the Philippines (CIF) - 2022
In 2022, the average import price for fish fillets; frozen, swordfish (xiphias gladius)s amounted to $23,969 per ton, with an increase of 188% against the previous year. In general, the import price posted a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($24,050 per ton), while the price for Indonesia stood at $23,541 per ton.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+32.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Fish Fillets; Frozen, Swordfish (Xiphias Gladius) in the Philippines
In 2022, the amount of fish fillets; frozen, swordfish (xiphias gladius)s imported into the Philippines fell dramatically to 1.5 tons, with a decrease of -49.7% compared with the previous year. Over the period under review, imports showed a dramatic descent. The growth pace was the most rapid in 2021 when imports increased by 1,511%.
In value terms, imports of fish fillets; frozen, swordfish (xiphias gladius)s skyrocketed to $37K in 2022. In general, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 1,525% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Fish Fillets; Frozen, Swordfish (Xiphias Gladius) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 3.3 | N/A | N/A | 31.0 | 111.0% |
| Indonesia | 4.3 | N/A | 0.2 | 5.7 | 9.9% |
| South Korea | 21.8 | 1.5 | 24.2 | N/A | 5.4% |
| Others | 2.2 | 0.1 | 1.0 | N/A | -32.6% |
| Total | 31.6 | 1.6 | 25.4 | 36.7 | 5.1% |
Top Suppliers of Fish Fillets; Frozen, Swordfish (Xiphias Gladius) to the Philippines in 2022:
- Vietnam (1290.0 kg)
- Indonesia (242.0 kg)
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