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Performance of Philippine Top Non-Traditional Coco Products Export in October 2018
Thursday, January 24, 2019Data from the Philippine Statistics Authority show 15 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 six non-traditional exports had respective earnings of more than USD1.000 million: virgin coconut oil, coconut water, glycerin, biodiesel, hydrogenated coconut oil and toilet/bath soap.
VIRGIN COCONUT OIL led the pack with earnings of USD10.053 million from export of 3,225 MT. The shipment rose by 30.8% from previous year total at 2,465 MT. The United States was top market capturing 1,973 MT (61.2% of total sales), followed far behind by Germany at 352 MT (10.9%), Canada 269 MT (8.4%), United Kingdom 127 MT (3.9%) and 19 other countries responsible for 504 MT (15.6%).
COCONUT WATER, the second biggest non-traditional export during the month, grossed USD7.251 million from overseas purchases of 6,430,714 liters. Volume during the month increased by 43.6% from 4,476,889 liters last year. The United States was virtually an exclusive market cornering 4,623,259 liters (71.9%). Other destinations were Australia at 516,590 liters (8.0%), United Kingdom at 365,894 liters (5.7%), Netherlands 211,168 liters (3.3%), Brazil 164,129 liters (2.6%) and 14 other countries that shared 549,675 liters (8.5%).
GLYCERIN, which took the third spot, had income of USD2.838 million. Tonnage at 2,999 MT was up by 17.9% from previous year at 2,544 MT. Japan was the biggest market controlling 1,172 MT (39.1%), followed by China at 1,156 MT (38.5%). Smaller volumes went to Malaysia at 209 MT (7.0%), South Korea at 200 MT (6.7%) and seven other countries which absorbed the remaining 262 MT (8.7%).
Fourth in rank BIODIESEL recorded proceeds of USD1.824 million from shipment of 1,176 MT (no shipment recorded year-ago). Germany was primary market capturing 478 MT (40.7%), followed by South Korea at 197 MT (16.8%), Japan 160 MT (13.6%), Hong Kong 144 MT (12.2%), China 101 MT (8.6%) and four other countries sharing 96 MT (8.1%).
Fifth placer HYDROGENATED COCONUT OIL had turnover of USD1.732 million from overseas orders of 391 MT. Volume multiplied nearly 56 times the load year-ago at 7 MT. Bulk of the tonnage at 277 MT (70.7%) went to the United States. Other destinations were Canada at 75 MT (19.1%), Hong Kong 19 MT (4.9%), Australia 15 MT (3.8%) and four others that jointly took in 6 MT (1.5%).
The top six export, TOILET/BATH SOAP, registered earnings of USD1.160 million from trade of 718 MT, a steep rise by 59.6% from 450 MT in previous year. Vietnam was major market at 464 MT (64.5%). Following far behind were Thailand at 112 MT (15.6%), United Arab Emirates 85 MT (11.8%), Japan 20 MT (2.8%), India 18 MT (2.5%), Singapore 12 MT (1.7%) and five other countries with total purchases of 8 MT (1.1%).
LIQUID COCONUT MILK landed seventh and turned in USD839,700 from delivery of 495 MT (417 MT year-ago). The United States was top destination at 217 MT (43.8%), followed by Australia at 67 MT (13.5%), United Kingdom 55 MT (11.1%) and six other countries that shared 156 MT (31.5%).
COCO MILK POWDER which earned USD650,498 from external trade of 125 MT (531 MT year-ago) filled in the eighth place. Mexico was foremost market at 40 MT (32.0%), tracked by United States at 20 MT (16.0%), Australia 17 MT (13.6%), Japan, Netherlands and Spain at 14 MT apiece. Three other countries took in the remaining 7 MT (5.5%).
COCO FLOUR with receipts of USD608,676 after selling 470 MT was number nine in the list. Purchases during the month more than doubled (+118.1%) same period year ago data at 216 MT. The United States was key market at 222 MT (47.2%), trailed by Australia at 125 MT (26.6%), Germany 67 MT (14.3%) while five other countries shared the balance 56 MT (11.9%).
COIR & COIR PRODUCTS held the tenth position with turnover of USD445,390 from transactions involving 1,587 MT (878 MT year-ago). There were two country destinations with China as almost an exclusive importer at 1,565 MT (98.6%). South Korea held the remaining 22 MT (1.4%).
Completing the top 15 non-traditional exports were: coconut concentrates, shampoo, coco peat/dust, nata de coco and soap chips. COCONUT CONCENTRATES had revenue of USD388,980 from trade of 121 MT (no export recorded year-ago). There were four country recipients: United States 67 MT (55.9%), Malaysia 24 MT (19.8%), South Korea 19 MT (15.5%) and Australia 11 MT (8.8%).
SHAMPOO generated USD261,096 from deals amounting to 105 MT (82 MT year-ago). Mongolia and Nepal were the primary markets with uptake at 34 MT apiece (respective shares of 32.8% and 32.7%), followed by Singapore 13 MT (12.0%), United States 9 MT (8.1%) and 10 other countries that collectively took in 15 MT (14.3%).
COCO PEAT/DUST contributed USD215,856 from exports of 3,602 MT (2,871 MT). There were only four country markets: China, which bought almost all of the volume at 3,462 MT (96.1%), Japan 50 MT (1.8%), South Korea 46 MT (1.3%) and Taiwan 43 MT (1.2%).
NATA DE COCO turned in USD122,606 from shipment of 134 MT (382 MT). Japan was leading destination at 76 MT (56.7%), followed by China at 52 MT (38.7%) and four others that shared the remaining 6 MT (4.6%).
SOAP CHIPS posted receipts of USD103,200 from purchases amounting to 108 MT (30 MT). All shipment went to Nigeria.

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