Export Performance of Philippine Top Non-Traditional Coconut Products in October 2024

Data from the Philippine Statistics Authority revealed 18 non-traditional coconut products registered earnings of over USD100,000 in the month of October 2024, one product short of the prior month’s 19.  Of the 18 non-traditional coconut products, eight turned in more than USD1.0 million compared to seven a month ago.  These products were coconut water, coconut water concentrates, glycerin, toilet bath/soap, hydrogenated coconut oil, coconut milk liquid, coconut oil other, and coconut meat chips.    
COCONUT WATER was still the top grosser, now for the fifth consecutive month, turning in USD13.644 million from sales of 15,798 MT, a hefty increase by 64.6% from same month of the previous year at 9,599 MT.  The USA likewise remained the principal destination cornering 66.6% or 10,520 MT.  Far behind were United Kingdom at 2,703 MT (17.1%), Canada at 1,868 MT (11.8%), Netherlands at 326 MT (2.1%) and 11 others which held much lower volume ranging 8-89 MT.  The latter group was composed of France, Hong Kong, South Korea, Malaysia, Qatar, Taiwan, Singapore, Norway, Kuwait, Iceland, Sweden.
Another variant of coconut water, the COCONUT WATER CONCENTRATE held the second spot, with export proceeds of USD2.869 million from overseas orders of 747 MT.  Volume growth was flat when compared with last year at 742 MT (+0.7%).  China remained a principal importer, as last month, responsible for 453 MT (60.7%), followed by Thailand at 122 MT (16.3%), Vietnam at 51 (6.8%) MT, the USA at 50 MT (6.7%), Brazil at 47 MT (6.3%), and Sri Lanka at 24 MT (3.2%).   
In the third place was GLYCERIN with earnings of USD2.826 million.  Delivery at 3,929 MT leaped 46.3% from prior year at 2,685 MT.  China and Japan maintained their positions as key importers with China taking a bigger market share at 1,710 MT (43.5%) and Japan getting 1,209 MT (30.8%).  Other markets were Thailand at 463 MT (11.8%), India at 316 MT (8.1%), Malaysia at 114 MT (2.9%), and four others with lower uptakes ranging 11-44 MT namely the USA, South Korea, Indonesia and France. 
Holding the fourth position was TOILET/BATH SOAP which generated USD2.787 million after selling 830 MT, an increase by 13.8% from the prior year at 729 MT.  Indonesia, Vietnam and United Arab Emirates were the top three markets, as last month, with respective purchases at 255 MT (30.7%), 184 MT (22.2%) and 136 MT (16.4%).  Other markets were Saudi Arabia at 74 MT (8.9%), Thailand at 72 MT (8.7%), USA at 35 MT (4.2%), Singapore at 27 MT (3.3%), Qatar at 16 MT (2.0%).  On the other hand, 15 other countries took in limited volume ranging 0.02-7.05 MT comprising of Australia, South Korea, Canada, Israel, Macau, New Zealand, Kenya, Papua New Guinea, Brunei, Cyprus, Lebanon, Guam, Switzerland, Japan, Bahrain. 
HYDROGENATED COCONUT OIL was fifth biggest non-traditional export during the month with turnover of USD2.764 million from trading of 2,907 MT.  Volume hiked 16.1% from the previous year at 2,504 MT.  The USA continued to lead in this sector controlling 1,168 MT (40.2%), trailed by Australia at 894 MT (30.8%), Canada at 479 MT (16.5%), Netherlands at 190 MT (6.6%).  Smaller volumes went to Taiwan at 97 MT, United Kingdom at 45 MT, China at 20 MT, Ghana at 11 MT and Reunion at 2 MT. 
COCONUT MILK LIQUID registered income of USD1.685 million and made it to top six.  Delivery at 1,331 MT recorded a deficit of 13.4% from the prior year at 1,537 MT.  Malaysia kept its leading position with this month’s uptake at 995 MT representing 74.7% of total shipment.  The balance was shared among United Kingdom at 199 MT (15.0%), China at 93 MT (7.0%), and four others namely France, USA, Israel, and United Arab Emirates with imports ranging 3-19 MT for a combined market share of 3.3%. 
The seventh slot was held by COCONUT OIL OTHER category having turned in USD1.631 million from external trade reaching 298 MT.  Volume sharply trimmed by 70.3% last year data at 1,006 MT.  Canada took in bulk of the shipment at 138 MT (46.2%).  Other destinations were China at 76 MT (25.6%), Australia at 21 MT (7.3%), Sri Lanka at 20 MT (6.9%), Germany at 19 MT (6.7%), Mexico at 18 MT (6.4%).  The remainder went to South Korea, Lithuania, and Hong Kong which collectively held 6.0 MT or 2.0%  
COCONUT MEAT CHIPS ranked eighth and registered turnover of USD1.347 million. Total volume sold at 576 MT rocketed 250.0% from merely 165 MT in the previous year. The USA was primary destination capturing 504 MT or 87.6% of the pack.  Other markets were Ghana at 33 MT (5.7%), Vietnam at 26 MT (4.4%), South Korea at 13 MT (4.5%) and Japan at 0.31 MT. 
FATTY ACID DISTILLATES held the ninth spot with income of USD838,460. This month’s shipment at 1,078 MT pruned by 59.1% the previous year total at 2,638 MT.  China remained the sole buyer of this product during the month.
Rounding up the top 10 non-traditional coconut products exports was BIODIESEL with overseas orders amounting to 437 MT worth USD686,472.  The volume shot up 173.9% from the preceding year at 160 MT.  Germany and South Korea were the only two outlets during the month.  Germany held the bigger share at 252 MT (57.7%) and South Korea the remaining 185 MT (42.3%).  
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The next eight major non-traditional exports were Coconut Milk Powder, Coconut Acid Oil, Nata de Coco, Makapuno, Coconut Peat/Dust, Coconut Flour, Coir Products, and Young Coconut (chips/meat, dried and sliced). Details to follow in next issue of UWB.