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

Thursday, September 1, 2022


Data from the Philippine Statistics Authority revealed 19 non-traditional coconut products generated export revenue of more than USD100,000 in May, same number as March and April, thus qualified in the top non-traditional export products category.  The top nine export products recorded earnings of over one million US dollars during the month.  This included virgin coconut oil, coconut water, coconut milk liquid, fatty acid distillates, glycerin, other coconut oil, coconut water concentrates, hydrogenated coconut oil, and coconut milk powder. 
As leading earner, VIRGIN COCONUT OIL generated USD15.039 million from sale 3,965 MT, almost twice last year volume at 1,990 MT.  This month volume chiefly went to the US at 3,236 MT (81.6%).  Other destinations were Germany 187 MT, Netherlands 162 MT, United Kingdom 121 MT, Australia 114 MT, and nine others which jointly held 144 MT.
COCONUT WATER, other than concentrates, as second placer earned USD13.097 million from trade of 15,020 MT.  The tonnage was thousand folds higher than last year at merely 393 MT.  The US also was market leader in this field with purchases of 8,264 MT (55.0%), with United Kingdom at 2,912 MT (19.4%) and Canada 1,296 MT (8.6%) comprising the top three outlets.  Other destinations were Netherlands 965 MT, China 276 MT, Australia 273 MT, France 189 MT, Taiwan 145 MT and seven others with combined uptake at 699 MT.
COCONUT MILK LIQUID took the third spot with shipment at 3,797 MT valued at USD6.926 million.  Bulk of the month’s shipment went to Malaysia at 2,569 MT (67.7%) while smaller loads went to Netherlands 463 MT, US 267 MT, United Kingdom 160 MT and a dozen others with combined uptake at 337 MT.
FATTY ACID DISTILATES landed fourth with turnover of USD5.168 million after selling 2,962 MT of the product.  Orders presently increased substantially by 72.3% from last year at 1,719 MT.  This was distributed to four countries led by the US at 1,660 MT (56.0%), followed by China at 796 MT (26.9%), Pakistan 259 MT (8.7%) and India 247 MT (8.3%).
Top five was GLYCERIN whose export receipts at USD3.957 million came from purchases of 3,160 MT, besting last year at 2,377 MT by 32.9%.  China was primary market at 1,534 MT (48.5%), trailed by Japan at 757 MT (23.9%), the US 360 MT (11.4%), South Korea 295 MT (9.3%), and four others which collectively held 215 MT.
COCONUT OIL, Other category, was sixth in the list with delivery of 637 MT worth USD2.206 million.  Volume leaped 153.5% from last year at 251 MT.  Principal importer was the US at 349 MT (54.8%).  Other buyers were Singapore at 102 MT (16.1%), Mexico 63 MT (9.9%), Australia 35 MT (5.4%), South Korea 34 MT (5.3%).  Three others together took in 54 MT.
COCONUT WATER CONCENTRATES as seventh major non-traditional export turned in USD1.882 million from orders of 671 MT.  Volume shrank 93.7% from year-ago at 10,567 MT.  The US also led in this coconut water class as in the non-concentrates with uptake at 369 MT (55.0%).  Far behind were Brazil at 95 MT (14.1%), Vietnam 74 MT (11.0%), United Kingdom 45 MT (6.8%), Thailand 38 MT (5.6%) and three others with total orders of 50 MT.
External trade of HYDROGENATED COCONUT OIL at 1,479 MT generated income of USD1.852 million and made it to the eighth slot.  Volume rocketed to over 13 times last year at 113 MT.  The US was principal buyer at 781 MT (52.8%), followed by United Kingdom at 399 MT (27.0%), Australia 208 MT (14.1%) and five others sharing 91 MT.
COCONUT MILK POWDER ranked ninth with delivery of 200 MT worth USD1.186 million.  However, sales volume dropped 37.6% from 321 MT a year ago. There were four destinations registered topped by the US at 121 MT (60.3%), tracked by Japan 28 MT (13.7%), Australia 26 MT (13.2%) and Netherlands 25 MT (12.7%).
Rounding up the top 10 non-traditional exports was TOILET/BATH SOAP with revenue of USD820,179.  Volume was 345 MT, increasing by 44.1% last year total at 240 MT. Key markets were Thailand at 122 MT (35.2%), Vietnam at 120 MT (34.6%), and United Arab Emirates at 78 MT (22.6%).  A dozen other markets took in 26 MT in total.
The nine other products that made it to the top non-traditional export list included coconut acid oil, coco peat/dust, nata de coco, coconut flour, coir products, coconut meat chips, coconut (chips/meat, dried, grated), coconut syrup, young coconut (chips/meat, dried, sliced).  COCONUT ACID OIL export at 528 MT (590 MT last year) earned USD473,114 and destined mainly to China at 467 MT (88.5%), with the remainder to Hong Kong at 61 MT.
COCO PEAT/DUST at 8,969 MT (9,122 MT) worth USD466,633 was almost exclusively sold to China at 8,955 MT.  Japan handled the remaining 14 MT.  NATA DE COCO shipment at 322 MT (304 MT) was valued at USD372,323 of which nearly half of the load went to Japan at 159 MT (49.3%).  Other markets included the US at 96 MT (29.8%), Canada 61 MT (18.9%) and five others which took in total of 6 MT.
Export of COCONUT FLOUR at 240 MT (237 MT) registered income of USD358,986.  The US was leading importer at 143 MT (59.6%), trailed by Australia at 49 MT (20.4%), and four others with purchases of 48 MT.  COIR PRODUCTS export at 1,521 MT (1,727 MT) generated USD356,457.  China was almost the only buyer cornering 1,447 MT (95.1%); other importers were the US and Japan with respective quantities at 50 MT and 25 MT. 
COCONUT MEAT CHIPS at 27 MT (1 MT) earned USD192,973 and delivered to the US at 14 MT (51.1%), Australia 13 MT (47.0%) and China 1 MT. Other class of coconut meat preparation, COCONUT CHIPS, DRIED, GRATED, turned in USD175,443.  Country recipients were Australia 58 MT (43.6%), Japan 45 MT (33.5%), the US 24 MT (17.9%), Canada 7 MT (5.0%).
Shipment of COCONUT SYRUP at 70 MT (50 MT) valued at USD171,500 all went to the US.  YOUNG COCONUT (meat/chips, dried, sliced) with turnover of USD170,295 went largely to the US at 47 MT (66.1%).  Second biggest outlet was Canada at 14 MT (19.6%) while lesser loads were delivered to Qatar 5 MT, New Zealand 3 MT, Australia 3 MT.

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