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Performance of Philippine Top Non-Traditional Coconut Products Exports in July
Thursday, November 3, 2022
Data from the Philippine Statistics Authority revealed 16 non-traditional coconut products generated export revenue of more than USD100,000 in July, five short of prior month number, thus qualified in the top non-traditional export products category. The top nine export products had earnings above one million US dollars during the month. This included coconut water, virgin coconut oil, glycerin, hydrogenated coconut oil, coconut water concentrates, other coconut oil, coconut milk liquid, coconut milk powder, toilet/bath soap.
COCONUT WATER maintained last month leading position with revenue amounting to USD9.768 million from sale of 11,310 MT. Volume is 82.7% lower than last year at 65,286 MT. Nearly three-fourths (71.9%) of total volume or 8,133 MT was shipped to the US while 14.3% or 1,614 MT went to the United Kingdom. Other destinations took in volume lower that 500 MT such as China 465 MT, Australia 425 MT, Netherlands 270 MT while eight others held less than 100 MT namely, France, Singapore, Hong Kong, Taiwan, Kuwait, Qatar, Vietnam, Japan.
Similarly, last month second placer VIRGIN COCONUT OIL kept its standing this month with turnover of USD7.854 million after trading 2,103 MT, a reduction by 18.6% from year-ago at 2,585 MT. The US also was primary buyer of this commodity, as with coconut water, responsible to over two-thirds (67.0%) of total or 1,409 MT. Germany and Brazil also bought quite significant volume at 128 MT (6.1%) and 112 MT (5.3%), respectively. The next set of buyers took in volume ranging 51-89 MT and collectively shared 14.9%. This included United Kingdom, Australia, Aruba, Czech Republic, China. Much lower loads went to 10 others with total market share at 6.6%.
GLYCERIN was still top three export as last month. Income at USD3.522 million was earned from 3,100 MT, fractionally lower than prior year at 3,112 MT. China was principal destination at 1,355 MT (43.7%), trailed by Japan at 893 MT (28.8%), Thailand 472 MT (15.2%), South Korea 231 MT (7.5%), Malaysia 106 MT (3.4%), and United Arab Emirates and Australia which took in lower than 41 MT.
HYDROGENATED COCONUT OIL took the fourth slot, also its place last month, with export receipts at USD2.899 million from delivery of 1,869 MT. Volume rocketed more than 11 times last year at 161 MT. Bulk of the month’s delivery went to the US at 1,062 MT (56.8%). Other major destinations were United Kingdom at 395 MT (21.1%), Canada 137 MT (7.3%), Australia 85 MT 4.5%, Taiwan 62 MT. Smaller loads below 40 MT went to seven other countries which jointly accounted for 6.9% such as Singapore, Sri Lanka, Netherlands, China, Hong Kong, Japan, Israel.
Holding the fifth place was COCONUT WATER CONCENTRATES which turned in USD1.887 million from orders amounting to 586 MT, pruning by 94.6% the preceding year total at 10,763 MT. Key markets were the US and China with 283 MT (48.4%) and 122 MT (20.9%), respectively. Trailing behind were Netherlands at 74 MT (12.6%), South Korea 62 MT (10.5%), United Kingdom 23 MT (3.9%) and Taiwan 22 MT (3.7%).
COCONUT OIL, OTHER earned USD1.646 million to become the sixth major export. Volume traded was 462 MT, rocketing from merely 30 MT last year. The US was biggest market at 195 MT (42.3%), followed by Japan at 125 MT (27.0%), Indonesia 42 MT (9.1%), France 39 MT (8.3%), and Canada 25 MT (5.4%). Three others such as Australia, Netherlands, Malaysia together took in 36 MT (7.9%).
Closely following in the 7th spot was COCONUT MILK LIQUID with export receipts of USD1.638 million and sales of 1,054 MT, below last year at 2,161 MT by 51.2%. Malaysia was market leader at 322 MT (30.6%), trailed by United Kingdom at 261 MT (24.8%), Netherlands 124 MT (11.8%), and the US at 117 MT (11.1%) which made up the top four. Ten other importers took in 229 MT and collectively contributed 21.8%, namely China, Canada, Japan, Germany, Portugal, Spain, Russia, Australia, Qatar, United Arab Emirates.
Ranked 8th was COCONUT MILK POWDER whose turnover was USD1.201 million from total orders of 203 MT; volume contracted 46.6% from last year at 380 MT. There were eight importing countries led by the US at 80 MT (39.2%), tracked by China 26 MT (12.8%), Netherlands 25 MT (12.5%), Mexico 23 MT (11.3%), Japan 18 MT (8.9%), Taiwan 13 MT (6.2%), France 12 MT (5.7%), and Malaysia 7 MT (3.4%).
TOILET/BATH SOAP was ninth in the list with export at 340 MT valued at USD1.012 million. Current month shipment climbed 19.9% from last year at 284 MT. Vietnam was principal destination at 150 MT (44.1%). Trailing behind were Japan at 50 MT (14.7%), Singapore 43 MT (12.7%), United Arab Emirates 27 MT (8.0%), Nigeria 25 MT (7.3%), Thailand 23 MT (6.7%), and nine others with uptakes no higher than 5 MT. This comprised of Taiwan, Qatar, Saudi Arabia, Oman, Australia Canada, Macau, US, Fiji.
Rounding up the top 10 non-traditional exports was COCO FATTY DISTILLATES with export proceeds at USD877,538. Total volume sold at 841 MT shrank 32.5% from last year at 1,247 MT. Key markets were Pakistan at 360 MT (42.8%) and China at 326 MT (38.8%). The balance was channeled to Malaysia 83 MT (9.8%), Brazil 71 MT (8.4%), United Arab Emirates 2 MT.
The next six leading non-traditional exports were coconut acid oil, nata de coco, coir products, makapuno, shampoo and vinegar. (More on this next issue)