Performance of Phâ€™s Top Non-Traditional Coco Products Export in November 2017Thursday, February 22, 2018
Official data from the Philippine Statistics Authority show a dozen non-traditional coconut products generated revenue of more than USD100,000 during the month to qualify in the sector’s top exports list. These were: virgin coconut oil, coconut water, glycerin, coco milk powder, nata de coco, coco milk liquid, toilet/bath soap, coconut flour, coir & coir products, coco peat/dust, fresh coconut, and hydrogenated coconut oil.
VIRGIN COCONUT OIL led the pack with earnings of USD6.712 million from export of 2,023 MT. The shipment was up by 18.2% from previous year at 1,711 MT. The United States was top market capturing 1,263 MT (62.5% of total sales), followed far behind by Netherlands at 248 MT (12.3%), Canada 181 MT (8.9%), Germany 79 MT (3.9%) and 17 other countries responsible for 251 MT (12.4%).
COCONUT WATER, the second biggest non-traditional export during the month, grossed USD4.506 million from overseas purchases of 3,796,662 liters. The shipment was a substantial increase by 15.2% from same period year-ago at 3,295,216 liters. The United States was the biggest outlet capturing 1,897,203 liters (50.0%), followed by United Kingdom at 788,984 liters (20.8%). Smaller volumes went to Canada at 275,436 liters (7.3%), Australia at 197,895 liters (5.2%), Thailand 143,068 liters (3.8%), Netherlands 121,564 liters (3.2%), Brazil 106,396 liters (2.8%), and 11 other countries that shared 266,116 liters (7.0%).
GLYCERIN, which took the third spot, had income of USD2.008 million. Tonnage at 3,140 MT sharply rose by 40.7% from previous year at 2,232 MT. China was the largest market controlling 2,264 MT (72.1%), trailed by Japan at 668 MT (21.3%), and South Korea at 104 MT (3.3%). Limited volume went to Malaysia at 73 MT, Italy at 26 MT, France 3 MT and Indonesia at 2 MT.
Fourth in rank COCO MILK POWDER recorded proceeds of USD703,907 from delivery of 141 MT. Shipment during the month was 11.6% below the previous year at 160 MT. There were only five country destinations led by United States at 98 MT (69.5%), Japan at 23 MT (15.9%), Mexico at 20 MT (14.1%), Thailand 1 MT and East Timor nil.
NATA DE COCO with turnover of USD528,057 from overseas purchases of 444 MT landed fifth. Tonnage significantly rose by 40.3% from 316 MT year-ago. Japan was the top destination capturing 238 MT (53.7%), followed by United Arab Emirates at 61 MT (13.6%), Malaysia 40 MT (9.0%) and eight countries which shared 13 MT (3.0%).
Sixth top export COCO MILK LIQUID had turnover of USD436,393 from dealings covering 222 MT (265 MT year-ago). This month primary market was United States capturing 121 MT (54.8%), followed by Japan at 38 MT (17.1%), Portugal 20 MT (9.0%), Slovakia 17 MT (7.7%), Argentina 16 MT (7.2%), Australia 7 MT (3.3%), and South Korea at 2 MT (1.0%).
TOILET/BATH SOAP, which came in seventh, generated USD351,156 in foreign exchange income. Quantity was 134 MT (897 MT). Indonesia was leading destination at 36 MT (26.4%), trailed by Thailand at 32 MT (23.8%), United Arab Emirates 23 MT (16.9%), Saudi Arabia 17 MT (12.6%), Vietnam 11 MT (8.2%), and 11 other countries with combined uptake at 16 MT (12.1%).
COCONUT FLOUR took the eighth slot after earning USD248,520 from sale of 223 MT (51 MT). United States was principal market cornering 76 MT (34.0%), followed by Australia at 47 MT (21.2%), Iraq at 39 MT (17.4%), Germany at 24 MT (10.9%) and four other countries which together took in 37 MT (16.5%).
COIR & COIR PRODUCTS was top 9 non-traditional export contributing USD232,743 from shipment of 846 MT (850 MT). There were only two country destinations and China took the biggest chunk at 786 MT (92.9%) while Hong Kong held 60 MT (7.1%).
COCO PEAT/DUST held the tenth position and contributed USD155,885 from transactions involving 2,604 MT (1,885 MT). There were only six country buyers with China as almost an exclusive destination at 2,399 MT (92.1%). Other markets were South Korea and Japan at 66 MT apiece (2.6%), United States at 34 MT (1.3%), United Arab Emirates 22 MT and Malaysia at 17 MT.
Completing the top 12 non-traditional exports were fresh coconuts and hydrogenated coconut oil. FRESH COCONUT had revenue of USD146,524 from trade of 202,667 nuts (27,400 nuts). There were seven country destinations led by China at 91,350 nuts (45.1%), Hong Kong 54,000 nuts (26.6%), United States at 33,675 nuts (16.6%), South Korea at 22,770 nuts (11.2%), Japan at 675 nuts, Germany at 139 nuts, and United Arab Emirates at 58 nuts.
HYDROGENATED coconut oil generated USD141,675 from overseas delivery amounting to 142 MT (159 MT). There were only two country destinations: Thailand at 129 MT (90.6%) and United States at 13 MT (9.4%).