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Performance of Philippine Top Non-Traditional Coco Products Exports in September 2020

Thursday, January 7, 2021


Data from the Philippine Statistics Authority show increasing number of non-traditional coconut products that generate export revenue of more than USD100,000 in a month thus qualifying for the top non-traditional export product category.  For the month of September, there were 18 products, the highest so far.  The top seven non-traditional exports had respective earnings of more than USD1.000 million: coconut concentrates, virgin coconut oil, hydrogenated coconut oil, coconut milk liquid, glycerin, coconut oil, others, and fatty acid distillates. 
COCONUT CONCENTRATES led the pack with earnings of nearly USD10 million at USD9.683 million from export of 10,283 MT (nearly double last year at 5,508 MT).  The US was principal market capturing 6,411 MT (62.3% of total sales).  Other destinations were United Kingdom at 994 MT (9.7%), Australia 664 MT (6.5%), Netherlands 663 MT (6.4%), Canada 407 MT (4.0%), South Korea 248 MT (2.4%), Thailand 226 MT (2.2%), Hong Kong 165 MT (1.6%), China 113 MT (1.1%) and 13 others jointly responsible for 391 MT (3.8%).
VIRGIN COCONUT OIL had gross export receipts of USD8.262 million from sale of 2,580 MT and settled in second place.  Volume increased 70.9% from year-ago at 1,510 MT.  The US was market leader, cornering 1,212 MT (47.0%), followed some distance behind by Germany at 454 MT (17.6%), Canada 291 MT (11.3%), Netherlands 232 MT (9.0%) and 17 other countries with combined import of 390 MT (15.1%). 
HYDROGENATED COCONUT OIL, which took the third spot, had income of USD5.730 million. Tonnage at 2,398 MT multiplied more than 13 times the previous year at 179 MT.  The US was the biggest market controlling 1,369 MT (57.1%), followed far behind by Netherlands at 300 MT (12.5%), United Kingdom 214 MT (8.9%), Australia 172 MT (7.2%), Canada 115 MT (4.8%) and 127 others which took in the remaining 227 MT (9.5%).  
Fourth in rank COCO MILK LIQUID recorded proceeds of USD3.081 million from delivery of 2,473 MT, a jump by 139.7% from 1,031 MT year-ago. Malaysia was market leader at 856 MT (34.6%), followed far behind by Netherlands 393 MT (15.9%), US 363 MT (14.7%), United Kingdom 344 MT (13.9%), Australia 116 MT (4.7%), France 107 MT (4.3%).  Seven other countries jointly held 294 MT (11.9%). 
Fifth placer GLYCERIN generated earnings of USD1.614 from overseas purchases of 1,929 MT. The shipment was down by 12.3% from same period last year’s 2,200 MT. China was leading destination at 973 MT (50.4%), trailed by Japan at 661 MT (34.3%), Thailand 105 MT (5.4%) and four other countries which shared the balance of 191 MT (9.9%).
The top six export, COCONUT OIL, OTHERS registered earnings of USD1.076 million from cargo of 174 MT (no export recorded year-ago). There were only two country destinations led by the US at 122 MT (70.2%) and Canada at 52 MT (29.8%).
FATTY ACID DISTILLATES landed seventh and turned in USD1.038 million from delivery of 2,354 MT (more than twice last year at 1,091 MT).  There were only three country destinations with the load chiefly going to China at 2,176 MT (92.4%), Pakistan 118 MT (5.0%) and India 60 MT (2.5%).
COCO MILK POWDER which earned USD965,848 from external trade of 177 MT (134 MT) filled in the eighth place. Australia was leading outlet at 53 MT (29.8%), followed by Spain at 25 MT (14.3%), Netherlands 24 MT (13.7%), Japan 23 MT (12.7%),while three other countries shared the balance of 52 MT (29.4%).
With receipts of USD492,692 after trading 150 MT (214 MT year-ago), FRESH COCONUT was number nine in the list. Top two destinations were: US at 102 MT (68.4%), Canada 35 MT (23.3%). Three other countries took a combined volume at 13 MT (8.4%).
COCO PEAT/DUST held the 10th position with turnover of USD474,505 from transactions involving 7,572 MT (6,424 MT).  China was almost the only buyer at 7,228 MT (95.5%). Smaller volumes went to South Korea at 186 MT, Malaysia 71 MT, and three other countries which shared the balance of 87 MT (1.2%).
Completing the top 18 non-traditional exports were: coco flour, toilet/bath soap, coir products, nata de coco, coconut syrup, coconut chips, coconut acid oil and shampoo. COCO FLOUR had revenue of USD449,776 from trade of 412 MT (170 MT).  US was primary importer at 246 MT (59.7%), trailed by Germany at 40 MT (9.7%), United Kingdom 35 MT (8.6%), Mexico and Slovenia at 18 MT apiece (4.3%), Taiwan 16 MT (3.8%), Brazil 13 MT (3.1%), France 10 MT (2.5%) and four other countries sharing the balance of 16 MT (3.9%).
TOILET/BATH SOAP generated USD367,484 with total volume at 220 MT (119 MT).  Vietnam took the lead at 96 MT (43.5%), tracked by Singapore at 38 MT (17.3%), Thailand 27 MT (12.3%), Nepal 20 MT (9.1%), Malaysia 19 MT (8.8%), United Arab Emirates 10 MT (4.5%) and seven others which together took in 10 MT (4.5%).
COIR PRODUCTS sold 1,260 MT (1,554 MT) worth USD325,602. There were only two country destinations.  China was almost an exclusive destination at 1,224 MT (97.2%). Japan took in 36 MT (2.6%).
NATA DE COCO shipment at 178 MT (65 MT) was valued at USD169,342.  Japan was primary destination at 60 MT (33.7%), followed by China at 52 MT (29.1%), Canada at 34 MT (18.8%) and two other countries which absorbed the balance of 33 MT (18.4%).
COCONUT SYRUP contributed USD144,578 from shipment of 42 MT (20 MT). There were only four country buyers led by Germany at 23 MT (55.8%), Italy 15 MT (36.8%), Japan 2 MT (4.9%) and US 1 MT (2.4%).
COCONUT CHIPS earned USD134,952 from purchases of 56 MT (6 MT).  There were only five importing countries which was led by Netherlands 19 MT (34.8%), France 13 MT (22.7%), Hong Kong 10 MT (18.0%), Germany 9 MT (15.8%) and Chile 5 MT (8.8%).
COCONUT ACID OIL export at 314 MT (163 MT) turned in USD127,302.  These were delivered to China at 293 MT (93.5%) and Hong Kong 20 MT (6.5%).
SHAMPOO posted receipts of USD126,101 from orders amounting to 44 MT (7 MT).  Mongolia was primary destination at 18 MT (40.9%), tracked by Singapore and Taiwan at 6 MT apiece (14.1%), Fiji 8 MT (18.2%),while three others shared the balance of 6 MT.

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