Philippines: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in the Philippines

In 2021, the Philippine concentrated grapefruit juice market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption enjoyed a moderate increase. Concentrated grapefruit juice consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Concentrated Grapefruit Juice Exports

Exports from the Philippines

In 2021, overseas shipments of concentrated grapefruit juice increased by 133% to X tons, rising for the sixth year in a row after two years of decline. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 329% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, concentrated grapefruit juice exports surged to $X in 2021. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 355%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Guam (X tons), Qatar (X tons) and the United Arab Emirates (X tons) were the main destinations of concentrated grapefruit juice exports from the Philippines, with a combined 92% share of total exports. Northern Mariana Islands and Palau lagged somewhat behind, together comprising a further 6.3%.

From 2012 to 2021, the biggest increases were in Palau (with a CAGR of +126.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Guam ($X), Qatar ($X) and the United Arab Emirates ($X) were the largest markets for concentrated grapefruit juice exported from the Philippines worldwide, with a combined 89% share of total exports. Northern Mariana Islands and Palau lagged somewhat behind, together comprising a further 4.8%.

Among the main countries of destination, Palau, with a CAGR of +121.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average concentrated grapefruit juice export price stood at $X per ton in 2021, declining by -34.2% against the previous year. Over the period under review, the export price showed a perceptible decline. The growth pace was the most rapid in 2013 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Northern Mariana Islands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Concentrated Grapefruit Juice Imports

Imports into the Philippines

After three years of decline, overseas purchases of concentrated grapefruit juice increased by 61% to X tons in 2021. In general, imports posted a moderate increase. The pace of growth appeared the most rapid in 2013 when imports increased by 187%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, concentrated grapefruit juice imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 241% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Israel (X tons), Cyprus (X tons) and South Africa (X tons) were the main suppliers of concentrated grapefruit juice imports to the Philippines, with a combined 66% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of +51.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) constituted the largest supplier of concentrated grapefruit juice to the Philippines, comprising 45% of total imports. The second position in the ranking was taken by Cyprus ($X), with a 9.9% share of total imports. It was followed by South Africa, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from Israel amounted to +39.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Cyprus (+12.9% per year) and South Africa (+29.2% per year).

Import Prices by Country

The average concentrated grapefruit juice import price stood at $X per ton in 2021, picking up by 50% against the previous year. Overall, the import price saw a prominent expansion. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Argentina ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+30.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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