Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the Philippines - 2023
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the Philippines (CIF) - 2023
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in the Philippines
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the Philippines (CIF) - 2023
In September 2023, the average import price for poultry fat; other than that of heading 0209 or 1503 meat amounted to $3,623 per ton, picking up by 7.6% against the previous month. Over the period under review, the import price posted strong growth. The pace of growth appeared the most rapid in December 2022 an increase of 91% month-to-month. Over the period under review, average import prices hit record highs in September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Vietnam ($4,336 per ton), while the price for the United States ($2,643 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in the Philippines
In 2022, the amount of poultry fat; other than that of heading 0209 or 1503 meat imported into the Philippines reduced to 350 tons, with a decrease of -10.4% on the year before. Overall, imports saw a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 11%.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat declined slightly to $698K in 2022. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year.
| Import of Poultry Fat; Other than That of Heading 0209 or 1503 in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 34.2 | 249 | 345 | 217.6% |
| France | 529 | 270 | 228 | 330 | -14.6% |
| Vietnam | N/A | N/A | N/A | 22.7 | 0% |
| Others | 529 | 272 | 228 | N/A | -34.3% |
| Total | 1,057 | 576 | 705 | 698 | -12.9% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to the Philippines in 2022:
- United States (220.2 tons)
- France (124.2 tons)
- Vietnam (5.4 tons)
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