Performance of Philippine Top Non-Traditional Coco Products Exports in October 2017Thursday, January 18, 2018
Data from the Philippine Statistics Authority show 14 non-traditional coconut products generated export revenue of more than USD100,000 during the month to qualify for the top non-traditional export products category. The top four non-traditional exports had respective earnings of more than USD1.000 million: virgin coconut oil, coconut water, coco milk powder and glycerin.
VIRGIN COCONUT OIL led the pack with earnings of USD8.074 million from export of 2,465 MT. The shipment leaped by 27.7% from previous year at 1,930 MT. The United States was top market capturing 1,512 MT (61.4% of total sales). Limited volumes went to Germany at 312 MT (12.7%), Netherlands 152 MT (6.2%), Brazil 124 MT (5.0%), Canada 111 MT (4.5%), and 18 other countries responsible for 253 MT (10.3%).
COCONUT WATER, the second biggest non-traditional export, generated USD5.488 million from sale of 4,476,889 liters. However, volume dropped by 20.8% from year-ago at 5,650,852 liters. The United States was the biggest outlet cornering 1,803,275 liters (40.3%). Smaller volumes went to Netherlands at 821,859 liters (18.4%), Australia 743,647 liters (16.6%), Brazil 283,851 liters (6.3%), United Kingdom 187,953 liters (4.2%), Thailand 143,068 liters (3.2%), Hong Kong 122,640 liters (2.7%), Japan 116,311 liters (2.6%) while six others shared the balance of 254,285 liters (5.7%).
COCO MILK POWDER, which took the third spot, had income of USD2.435 million. Tonnage at 531 MT was more than four times the previous year figure at 113 MT. Australia was the biggest market controlling 181 MT (34.0%), trailed by France at 130 MT (24.5%), United States at 80 MT (15.0%), Mexico at 54 MT (10.1%) and six other countries sharing 87 MT (16.4%).
Fourth in rank GLYCERIN recorded proceeds of USD2.266 million from delivery of 2,544 MT, a significant drop in volume by 55.9% from 5,765 MT in prior year. China was the biggest market capturing 1,709 MT (67.2%), followed far behind by Japan at 418 MT (16.4%), Malaysia at 123 MT (4.8%), South Korea at 119 MT (4.7%) and five others with combined uptake of 176 MT (6.9%).
Fifth placer COCO MILK LIQUID had turnover of USD783,574 from overseas purchases of 417 MT. The shipment substantially increased by 125.2% same period last year’s 185 MT. Top three destinationas were: United States at 181 MT (43.4%), France 84 MT (20.0%), and United Kingdom 58 MT (13.8%). Four country importers shared the balance of 95 MT (6.9%).
The top six export, COCO CHIPS, registered earnings of USD744,595 from cargo at 253 MT (no export recorded year-ago). There were four country destinations led by Japan at 200 MT (79.0%), Sweden at 35 MT (13.8%), South Korea at 11 MT (4.3%) and China at 7 MT (2.8%).
TOILET/BATH SOAP landed seventh and turned in USD738,240 from delivery of 450 MT (547 MT year-ago). Indonesia was leading destination at 189 MT (41.9%), trailed by Thailand at 124 MT (27.5%), United Arab Emirates at 41 MT (9.0%), Vietnam 38 MT (8.5%), Singapore 21 MT (4.6%), Saudi Arabia 19 MT (4.3%) and eight others sharing 19 MT.
COIR PRODUCTS which earned USD531,115 from external trade of 878 MT (no export recorded year-ago) filled in the eighth place. There were four country destinations with bulk of the load chiefly going to China at 866 MT (98.6%). Other destinations were Australia at 9 MT and Japan at 2 MT.
DIETHANOLAMIDE rounded up the top 9 non-traditional exports contributing USD322,213 from shipment of 179 MT (no shipment recorded year-ago). There were five country destinations led by China at 74 MT (41.4%), United States at 45 MT (25.1%), India at 42 MT (23.3%), Thailand 12 MT (6.5%) and Australia at 7 MT (3.6%).
NATA DE COCO held the 10th position and contributed USD297,747 from transactions involving 382 MT. Volume was 24.3% higher from 307 MT year-ago. There were five country destinations with Japan as almost an exclusive buyer at 308 MT (80.7%.). Other destinations were China at 52 MT (13.6%), Malaysia at 15 MT (4.0%), Singapore at 6 MT (1.7%) and Saudi Arabia nil.
Completing the top 14 non-traditional exports were: coco flour, coco peat/dust, shampoo and soap chips. COCO FLOUR had revenue of USD222,259 from trade of 216 MT (42 MT year-ago). Turkey was the primary market at 97 MT (44.8%), trailed by the United States at 50 MT (23.2%), Iraq at 39 MT (17.9%) and four other countries with combined purchases of 30 MT (14.0%).
COCO PEAT/DUST generated USD197,877 in foreign exchange revenue from total volume of 2,871 MT (1,919 MT). There were four country destinations with China taking the biggest share at 2,707 MT (94.3%), South Korea at 89 MT (4.6%), Japan at 51 MT (1.8%), and Taiwan at 24 MT (0.8%).
SHAMPOO contributed USD182,795 from deals amounting to 82 MT (128 MT). United Arab Emirates was the principal market at 28 MT (34.6%), trailed by Mongolia and Indonesia at 21 MT apiece, and three other countries which shared balance of 12 MT.
SOAP CHIPS earned USD139,422 from purchases of 30 MT (no export ). There were only two country destination led by Qatar at 16 MT (52.9%) and Saudi Arabia at 14 MT (47.1%).