Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in the Philippines - 2022
Contents:
- Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in the Philippines (CIF) - 2022
- Imports of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in the Philippines
Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in the Philippines (CIF) - 2022
In 2022, the average import price for aquatic invertebrates; jellyfish, prepared or preserveds amounted to $8,451 per ton, rising by 18% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +10.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for aquatic invertebrates; jellyfish, prepared or preserveds increased by +39.6% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 64%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($11,203 per ton), while the price for China stood at $7,900 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.0%).
Imports of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in the Philippines
In 2022, the amount of aquatic invertebrates; jellyfish, prepared or preserveds imported into the Philippines reduced markedly to 1.8 tons, waning by -58.9% compared with the previous year. In general, imports faced a precipitous decrease. The smallest decline of -35.9% was in 2020.
In value terms, imports of aquatic invertebrates; jellyfish, prepared or preserveds reduced notably to $15K in 2022. Over the period under review, imports showed a sharp shrinkage. The smallest decline of -30.5% was in 2020.
| Import of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 65.3 | 42.5 | 31.5 | 11.8 | -43.5% |
| Japan | N/A | N/A | N/A | 3.4 | 0% |
| Others | N/A | 2.8 | N/A | N/A | 0% |
| Total | 65.3 | 45.3 | 31.5 | 15.2 | -38.5% |
Top Suppliers of Aquatic Invertebrates; Jellyfish, Prepared or Preserved to the Philippines in 2022:
- China (1500.0 kg)
- Japan (300.0 kg)
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