Performance of Philippine Top Non-Traditional Coco Products Exports in JuneThursday, September 26, 2019
Data from the Philippine Statistics Authority show 13 non-traditional coconut products generated export revenue of more than USD100,000 in June to qualify in the top non-traditional export products category. The top four non-traditional exports revealed respective earnings of more than USD1.000 million: coconut water, virgin coconut oil, glycerin and hydrogenated coconut oil.
COCONUT WATER, this month’s top non-traditional export product, generated USD10.326 million from shipment of 9.623 million liters. The volume was 23.6% higher than last year at 7.784 million liters. The US was primary destination controlling 6.701 million liters (69.6% of total), followed far behind by United Kingdom at 678,158 liters (7.0%), Netherlands 664,559 liters (6.9%), Australia 377,075 liters (3.9%), Singapore 325,511 liters (3.4%), Canada 258,706 liters (2.7%) and Brazil 130,084 liters (1.4%). Twelve other countries shared the balance of 488,028 liters (5.1%).
VIRGIN COCONUT OIL had gross export receipts of USD6.665 million from sale of 2,564 MT and settled in the second place. Volume was short by 1 MT from year-ago at 2,565 MT. The US was market leader, capturing 1,369 MT (53.4%), followed by Canada at 250 MT (9.8%), China 169 MT (6.6%), Brazil 153 MT (6.0%), United Kingdom 139 MT (5.4%), Germany 129 MT (5.0%) and 19 other countries with combined import of 355 MT (13.8%).
GLYCERIN, which took the third spot, had income of USD3.775 million. Tonnage at 4,830 MT was more than twice the previous year figure at 2,259 MT. Japan was the biggest market at 2,952 MT (61.1%), trailed by China at 1,051 MT (21.8%), Iran 400 MT (8.3%), Russia 172 MT (3.6%), Malaysia 111 MT (2.3%) and six other countries sharing 145 MT (3.0%).
Fourth in rank HYDROGENATED COCONUT OIL recorded proceeds of USD1.977 million from delivery of 789 MT, a significant drop in volume by 75.6% from 3,231 MT in prior year. Top four destinations were: United States 436 MT (55.3%), Canada 195 MT (24.7%), Hong Kong 57 MT (7.2%), Australia 22 MT (2.7%). Five country importers absorbed the balance of 79 MT (10.0%).
Fifth placer COCO MILK POWDER had turnover of USD980,255 from overseas purchases of 313 MT. The shipment was more than seven times same period last year total at 43 MT. China was major destinations at 96 MT (30.8%), trailed by US at 83 MT (26.6%), Australia 38 MT (12.2%), Netherlands 36 MT (11.5%) and six other countries which shared the remainder of 59 MT (18.9%).
The top six export, BATH SOAP, registered earnings of USD741,969 from cargo of 349 MT. Volume was down by 8.7% from same period year-ago at 383 MT. Thailand was leading destination at 107 MT (30.6%), followed by Vietnam at 105 MT (30.1%), United Arab Emirates 40 MT (11.3%), Taiwan 26 MT (7.3%), Hong Kong 22 MT (6.2%) and nine other countries with combined volume of 50 MT (14.4%).
COCONUT MILK LIQUID landed seventh and turned in USD653,795 from orders of 452 MT (521 MT year-ago). US was leading destination at 213 MT (47.2%), followed far behind by Japan at 76 MT (16.8%), Canada 72 MT (16.0%), Thailand 36 MT (7.9%) and six other countries with total uptake of 55 MT (12.1%).
NATA DE COCO which earned USD320,465 from external trade of 381 MT (519 MT) filled in the eighth place. Japan was the primary destination capturing 200 MT (52.6%), followed by China at 104 MT (27.3%), Hong Kong 42 MT (11.1%) and four other countries together taking in 34 MT (9.0%).
COIR & COIR PRODUCTS was top nine non-traditional export and contributed USD298,977. Tonnage at 1,193 MT shrank by 16.6% from previous year at 1,430 MT. There were two country destinations with almost all of the load going to China at 1,118 MT (93.7%). The other recipient was Japan at 75 MT (6.3%).
COCO PEAT/DUST rounded up the 10 leading non-traditional exports with shipment valued at USD280,905 from transactions involving 5,088 MT. Volume shot up 161.0% from 1,950 MT year-ago. There were only three country destinations: China was virtually an exclusive market at 4,859 MT (95.5%). Other outlets were South Korea 123 MT (2.4%) and Taiwan 106 MT (2.1%).
Completing the 13 top non-traditional exports list this month were: coco flour, grated coconut meat, and fatty acid distillates. COCO FLOUR had revenue of USD275,980 from trade of 192 MT (635 MT). The US was leading market at 108 MT (56.0%). Limited volume went to Iraq at 39 MT (20.1%), Netherlands 25 MT (13.2%), Australia 16 MT (8.5%) and four others with combined purchases of 4 MT (2.2%).
GRATED COCONUT MEAT generated USD140,869 in foreign exchange income from total volume of 117 MT (no export recorded year-ago). There were three country destinations with Canada taking the top spot at 99 MT (84.9%). Other markets were Hong Kong with 14 MT (11.6%) and Guam 4 MT (3.5%).
FATTY ACID DISTILLATES earned USD123,094 from imports of 446 MT (no export recorded year-ago). China held much of the load at 328 MT (73.5%) with India taking in the blance at 118 MT (26.5%).