Philippines - Fresh or Chilled Anchovies - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPhilippines: Market for Fresh Or Chilled Anchovies 2024
Market Size for Fresh Or Chilled Anchovies in the Philippines
The Philippine fresh or chilled anchovies market skyrocketed to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption continues to indicate a significant expansion. Fresh or chilled anchovies consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.
Production of Fresh Or Chilled Anchovies in the Philippines
In value terms, fresh or chilled anchovies production soared to $X in 2023 estimated in export price. Over the period under review, production, however, showed a pronounced descent. Fresh or chilled anchovies production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.
Exports of Fresh Or Chilled Anchovies
Exports from the Philippines
In 2023, shipments abroad of fresh or chilled anchovieses decreased by X% to X kg, falling for the second consecutive year after four years of decline. Over the period under review, exports recorded a dramatic decline. The smallest decline of X% was in 2022. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.
In value terms, fresh or chilled anchovies exports fell notably to $X in 2023. In general, exports recorded a precipitous slump. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.
Exports by Country
Guam (X kg) was the main destination for fresh or chilled anchovies exports from the Philippines, accounting for a approx. X% share of total exports.
From 2017 to 2023, the average annual growth rate of volume to Guam stood at X%.
In value terms, Guam ($X) also remains the key foreign market for fresh or chilled anchovieses exports from the Philippines.
From 2017 to 2023, the average annual rate of growth in terms of value to Guam amounted to X%.
Export Prices by Country
The average fresh or chilled anchovies export price stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2022, and then reduced in the following year.
As there is only one major export destination, the average price level is determined by prices for Guam.
From 2017 to 2023, the rate of growth in terms of prices for Taiwan (Chinese) amounted to X% per year.
Imports of Fresh Or Chilled Anchovies
Imports into the Philippines
In 2021, approx. X tons of fresh or chilled anchovieses were imported into the Philippines; standing approx. at 2020 figures. In general, imports faced a sharp slump. The smallest decline of X% was in 2020. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.
In value terms, fresh or chilled anchovies imports amounted to $X in 2021. Overall, imports recorded a precipitous slump. The smallest decline of X% was in 2020. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, Vietnam (X tons) was the main supplier of fresh or chilled anchovies to the Philippines, with a approx. X% share of total imports.
From 2019 to 2021, the average annual growth rate of volume from Vietnam stood at X%.
In value terms, Vietnam ($X) constituted the largest supplier of fresh or chilled anchovieses to the Philippines.
From 2019 to 2021, the average annual growth rate of value from Vietnam totaled X%.
Import Prices by Country
In 2021, the average fresh or chilled anchovies import price amounted to $X per ton, stabilizing at the previous year. Overall, the import price showed buoyant growth. The most prominent rate of growth was recorded in 2020 when the average import price decreased by X%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Vietnam.
From 2019 to 2021, the rate of growth in terms of prices for Vietnam amounted to X% per year.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for fresh or chilled anchovies in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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