Philippines: Almond Market 2025

Almond Market Size in the Philippines

After three years of decline, the Philippine almond market increased by 193% to $X in 2021. In general, consumption, however, faced a sharp curtailment. Almond consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Almond Exports

Exports from the Philippines

In 2021, shipments abroad of almonds decreased by -69.3% to X kg, falling for the second consecutive year after six years of growth. In general, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2018 with an increase of 439% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, almond exports declined sharply to $X in 2021. Overall, exports showed a abrupt downturn. The growth pace was the most rapid in 2018 when exports increased by 132%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X kg) was the main destination for almond exports from the Philippines, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at -69.3%.

In value terms, Canada ($X) also remains the key foreign market for almond exports from the Philippines.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to -66.2%.

Export Prices by Country

In 2021, the average almond export price amounted to $X per ton, growing by 10% against the previous year. Overall, the export price enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 an increase of 150%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to +10.4% per year.

Almond Imports

Imports into the Philippines

After three years of decline, purchases abroad of almonds increased by 106% to X tons in 2021. Overall, imports, however, recorded a sharp setback. The pace of growth was the most pronounced in 2014 with an increase of 219% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, almond imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 170%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of almond to the Philippines, accounting for a 59% share of total imports. Moreover, almond imports from the United States exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -28.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-11.1% per year) and Thailand (-12.6% per year).

In value terms, the United States ($X) constituted the largest supplier of almond to the Philippines, comprising 57% of total imports. The second position in the ranking was taken by Thailand ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-11.6% per year) and the United Arab Emirates (-3.7% per year).

Import Prices by Country

The average almond import price stood at $X per ton in 2021, reducing by -19% against the previous year. In general, the import price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 an increase of 82%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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