Performance of Philippine Top Non-Traditional Coconut Products Export in January

Data from the Philippine Statistics Authority show 15 non-traditional coconut products generated export revenue of more than USD100,000 in January, thus qualified in the top non-traditional export product category.  The top six non-traditional exports had respective earnings of more than USD1.000 million: virgin coconut oil, fatty acid distillates, glycerin, coco milk liquid, coconut water concentrates, and toilet/bath soap.

Top performer VIRGIN COCONUT OIL turned in USD6.754 million from shipment of 1,776 MT.  Volume, however, steeply fell by 51.1% from January last year at 3,632 MT.  The United States was almost an exclusive importer capturing 72.2% of total business or 1,282 MT.  Other markets were Germany with 149 MT (8.4%), New Zealand 91 MT (5.1%), United Kingdom 42 MT (2.4%), Slovenia 39 MT (2.2%), South Korea 30 MT (1.7%) and 14 others which jointly accounted for 143 MT (8.1%) or almost the equivalent of shipment to Germany.

FATTY ACID DISTILLATES ranked second with turnover of USD5.503 million from delivery of 3,407 MT, more than twice last year at 1,235 MT (+175.8).  The United States likewise was bulk buyer responsible for 82.2% or 2,800 MT, even exceeding January last year aggregate.  Other destinations were China 486 MT, Pakistan 101 MT and India 20 MT, for respective market shares of 14.3%, 3.0%, and 0.6%. 

Third major export was GLYCERIN which earned USD3.072 million after trading 2,276 MT.  This month tonnage was 12.7% behind prior year at 2,609 MT.  Japan and the United States were key markets taking in almost equal quantities at 813 MT (35.7%) and 800 MT (35.1%), respectively.  China was third biggest market at 424 MT (18.6%) while five other countries took in 239 MT combined (10.5%).

COCONUT MILK LIQUID took the fourth spot as it grossed USD1.530 million.  Purchases during the month at 1,238 MT reduced by a third (33.9%) last year total at 1,872 MT.  Netherlands was principal outlet accounting for 41.8% or 518 MT, followed by the United States 183 MT (14.8%) and the United Kingdom 179 MT (14.5%) which completes the top three buyers.  Other destinations were Malaysia 95 MT (7.6%), Russia 53 MT (4.3%), Italy 51 MT (4.1%) and seven others with total orders amounting to 159 MT (12.8%).

Holding the fifth position was COCONUT WATER CONCENTRATES with income of USD1.312 million and delivery of 645 MT. This month shipment squeezed by 92.0% last year total at 8,067 MT.  The three major buyers were the United States at 288 MT (44.7%), United Kingdom 128 MT (19.8%) and Netherlands 106 MT (16.4%).  Four other countries collectively took in 123 MT (19.1%).

TOILET/BATH SOAP was top six export.  Revenue was USD1.052 million for the 506 MT ordered during the month, besting last year offtake at 436 MT by 16.1%.  Leading buyers were Thailand at 225 MT (44.5%), Vietnam 118 MT (23.3%) and Singapore 101 MT (19.9%) while a dozen other countries together contributed 62 MT (12.2%).

COCONUT MILK POWDER captured the seventh slot, registering export proceeds of USD886,706 after closing deals of 156 MT.  Current volume, however, was 22.6% behind last year at 202 MT.  Major markets were the United States at 60 MT (38.4%) and France at 54 MT (34.8%).  Four other countries bought a total of 42 MT (26.8%).

Taking the eighth place was NATA DE COCO with shipment of 456 MT valued USD555,595.   This month order, however, was 29.6% short of prior year at 647 MT.  Japan remained a principal buyer at 127 MT (27.9%), closely trailed by the United States at 119 MT (26.0%), United Arab Emirates 102 MT (22.5%), Canada 89 MT (19.5%) and six others with uptake at 19 MT (2.9%).  
 
HYDROGENATED COCONUT OIL landed ninth with earnings amounting to USD405,933 after trading 134 MT, a contraction by 42.3% from last year at 232 MT.  The product went chiefly to the United States at 55 MT (41.3%).  Other importing countries were Australia at 26 MT (19.3%), Canada 25 MT (18.6%), Belgium 14 MT (10.7%).  Four others bought 13 MT (10.1%).

Rounding up the top 10 was COCONUT PEAT/DUST which generated USD348,524 from purchases of 6,476 MT; volume was below last year at 7,583 MT by 14.6%.  China took in almost all the load (99.8%) at 6,461 MT with the balance 15 MT going to Japan.

The next five leading export performers were coconut oil, other; young coconut (meat/chips, dried, sliced, grated); coconut acid oil; coir and coir products; and coconut syrup.  Export of COCONUT OIL, OTHER earned USD303,787.  Volume at 144 MT trimmed last year figure at 323 MT by 55.4% and were delivered to China at 70 MT, Japan 49 MT and Indonesia 25 MT, for respective market shares of 48.8%, 34.0% and 17.1%.\

YOUNG COCONUT (meat/chips, dried, sliced/grated) turned in USD232,841. Shipment at 154 MT leaped 42.0% from last year at 109 MT with the following recipients: Iraq 83 MT (53.4%), United States 24 MT (15.6%), Canada 23 MT (15.1%), Australia 21 MT (13.3%), and three other countries at 4 MT (2.5%).

COCONUT ACID OIL export at 207 MT worth USD224,758 went solely to China.  This month shipment though shrank 82.2% from last year at 1,163 MT.  Similarly, all export of COCONUT COIR & COIR PRODUCTS went to China amounting to 908 MT and costing USD203,809.  Volume, however, jumped 44.3% from 630 MT a year ago. On the other hand, COCONUT SYRUP shipment of 51 MT valued at USD112,746 was delivered solely to Sri Lanka.