Performance of Philippine Top Non-Traditional Coconut Products Export in November 2022

Data from the Philippine Statistics Authority show 16 non-traditional coconut products generated export revenue of above USD100,000 in November, compared to 15 in October, thus qualified in the top non-traditional export products category.  There were fewer products whose revenue crossed the USD1.000 million-mark this month at only six compared to nine a month earlier. This comprised the top six namely, coconut water, virgin coconut oil, glycerin, hydrogenated coconut oil, coconut milk liquid, coconut water concentrates.
COCONUT WATER remained the top grosser with earnings of USD11.204 million from sale of 12,959 MT.  Current volume, however, was 63.4% short of last year at 35,407 MT.  The US likewise remained the leading destination responsible for 64.0% of total trade or 8,288 MT with United Kingdom trailing behind at 1,964 MT (15.2%).  Smaller loads went to Australia at 866 MT (6.7%), Netherlands 492 MT (3.8%), Canada 395 MT (3.0%), China 383 MT (3.0%), and 11 others with combined volume of 571 MT (4.4%).
Likewise, VIRGIN COCONUT OIL stayed in the second place with revenue of USD7.551 million from shipment of 2,155 MT.  This month tonnage exceeded by 12.2% prior year at 1,920 MT.  The US still was market leader capturing over one-half (59.1%) of total or 1,274 MT.  China was next at 401 MT (18.6%) trailed by Germany at 141 MT (6.5%), Canada at 114 MT (5.3%), and a dozen other countries responsible for 225 MT (10.4%).
In the third slot was GLYCERIN which generated USD3.109 million from purchases of 3,067 MT, little changed from last year at 3,081 MT (-0.5%).  Key destinations were South Korea which held 1,245 MT (40.6%) and Japan at 1,220 MT (39.8%), with China as third major market at 543 MT (17.7%).  Four other countries took in the balance at 59 MT (1.9%).
HYDROGENATED COCONUT OIL landed fourth with income of USD2.378 million, the value of total orders for the month at 1,423 MT.  This volume skyrocketed from last year data at 147 MT (+870.2%).  Primary importer was the US which cornered more than three-fourths (76.0%) or 1,081 MT.  Other destinations were Canada 196 MT (13.8%), Germany 68 MT (4.8%) and four others which held 78 MT (5.5%).
COCO MILK LIQUID occupied the fifth place with turnover of USD1.590 million from orders amounting to 1,072 MT, 36.9% lower than prior year at 1,700 MT.   Malaysia maintained leadership in the market with this month uptake at 426 MT (39.7%), trailed by Netherlands at 207 MT (19.4%), Spain 82 MT (7.7%), United Kingdom 80 MT (7.5%), Czech Republic 80 MT (7.4%), the US 69 MT (6.4%), Japan 61 MT (5.7%).  The rest amounting to 67 MT (6.3%) went to six other countries.
COCONUT WATER CONCENTRATE was sixth in rank with foreign exchange receipts at USD1.416 million from delivery of 510 MT.  This month shipment contracted by 42.6% from last year at 888 MT.  Principal destination was the US which controlled nearly half of the market (49.2%) or 251 MT.  Limited orders were made by China at 76 MT (14.9%), Netherlands 65 MT (12.7%), Brazil 47 MT (9.3%), Canada 40 MT (7.8%) and four other countries which took in 31 MT (6.1%). 
FATTY ACID DISTILLATES registered income of USD849,138 and made it to top seven. Volume traded at 1,452 MT was a substantial increase by 34.1% from 1,083 MT of the preceding year.  There were only two outlets reported during the month, China which held over three-fourths (76.7%) or 1,113 MT and Pakistan at 339 MT (23.3%).
TOILET/BATH SOAP was number eight in the list with proceeds of USD775,651, the value of 438 MT shipment which recorded a 15.1% shortfall from last year at 516 MT.  Indonesia was leading country importer at 100 MT (22.9%), tracked by Thailand at 80 MT (18.4%), Kuwait at 80 MT (18.2%), United Arab Emirates at 63 MT (14.3%), Singapore 34 MT (7.7%), Taiwan 28 MT (6.3%) and 11 other countries which took in the remainder of 54 MT (12.3%).
COCO MILK POWDER logged income of USD657,824 to get the ninth position.  This was from deals totaling 115 MT, a sharp fall by 54.1% from year-ago at 249 MT.  Japan was top buyer cornering 39 MT (34.3%), followed by China at 26 MT (22.6%), Mexico 23 MT (20.1%), Australia 14 MT (12.0%) and Taiwan 13 MT (10.9%). 
In the 10th spot was BIODIESEL which sold 287 MT valued at USD536,573.  There was no reported export last year.  The product was delivered to South Korea and Germany.  The former held the bigger share at 58.2% or 167 MT and Germany 41.8% or 120 MT.
Completing the top 16 non-traditional exports are Coco Peat/Dust, Other Coconut Oil, Nata de Coco, Shampoo, Coir & Coir Products, Coconut Acid Oil.
COCO PEAT/DUST earnings totaled USD377,436 from orders of 7,086 MT (8,630 MT last year).  China was almost a sole destination responsible for 7,054 MT (99.5%).  Other markets were South Korea at 18 MT and Japan 14 MT.
COCONUT OIL, OTHER category generated USD333,084 from trade of 105 MT (254 MT).  Australia was principal market at 31 MT (29.6%), trailed by the US at 26 MT (25.2%), Russia 16 MT (15.1%), Canada 12 MT (11.4%).  The balance of 20 MT went to four other countries (18.7%).
NATA DE COCO turned in USD194,651 from contracts involving 221 MT (184 MT).  Bulk of the month shipment went to Japan at 111 MT (50.4%).  Other markets were South Korea at 37 MT (16.6%), the US at 36 MT (16.3%), and seven others with uptake of 38 MT (16.8%).
  
SHAMPOO had turnover of USD181,676 and volume of 44 MT (38 MT).  This went chiefly to the US at 21 MT (47.7%) and Qatar at 14 MT (31.6%).  Six other countries shared the remainder at 9 MT (20.7%).
COIR & COIR PRODUCTS receipts of USD177,388 was payment for 1,163 MT export (1,481 MT).  China was virtually an exclusive market handling 97.9% or 1,138 MT, with the rest bound for Japan at 25 MT. 
COCONUT ACID OIL export value was USD157,551 from orders of 269 MT (500 MT).  Shipment went mainly to China at 102 MT (38.0%) and South Korea at 101 MT (37.7%).  Others market consisted of six countries which bought 65 MT (24.3%).