Philippines: Concentrated Orange Juice Market 2024

Concentrated Orange Juice Market Size in the Philippines

The Philippine concentrated orange juice market contracted to $X in 2021, shrinking by -9.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a deep reduction. Concentrated orange juice consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Concentrated Orange Juice Exports

Exports from the Philippines

In 2021, approx. X tons of concentrated orange juice were exported from the Philippines; declining by -62.9% on the previous year's figure. In general, exports, however, posted a moderate increase. The most prominent rate of growth was recorded in 2014 when exports increased by 149% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, concentrated orange juice exports contracted significantly to $X in 2021. Over the period under review, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 115% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Guam (X tons), Northern Mariana Islands (X tons) and the United States (X tons) were the main destinations of concentrated orange juice exports from the Philippines, together accounting for 65% of total exports.

From 2012 to 2021, the biggest increases were in Northern Mariana Islands (with a CAGR of +32.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Guam ($X), Northern Mariana Islands ($X) and the UK ($X) constituted the largest markets for concentrated orange juice exported from the Philippines worldwide, together comprising 64% of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +42.6%, recorded 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

In 2021, the average concentrated orange juice export price amounted to $X per ton, with a decrease of -7.9% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2015 an increase of 54% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then declined in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to the United States ($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 Italy (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Orange Juice Imports

Imports into the Philippines

In 2021, approx. X tons of concentrated orange juice were imported into the Philippines; waning by -36.3% on 2020 figures. Over the period under review, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2016 when imports increased by 34%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, concentrated orange juice imports contracted markedly to $X in 2021. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2014 when imports increased by 15% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), Brazil (X tons) and Israel (X tons) were the main suppliers of concentrated orange juice imports to the Philippines, together accounting for 47% of total imports. These countries were followed by South Korea, Cyprus, the Netherlands, China, Germany, Austria, Slovenia, South Africa, Italy and Japan, which together accounted for a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +473.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Brazil ($X) and Israel ($X) constituted the largest concentrated orange juice suppliers to the Philippines, with a combined 57% share of total imports. The Netherlands, South Korea, Cyprus, China, Japan, Italy, Austria, Germany, Slovenia and South Africa lagged somewhat behind, together comprising a further 38%.

Among the main suppliers, Slovenia, with a CAGR of +405.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average concentrated orange juice import price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price saw a mild curtailment. The growth pace was the most rapid in 2017 an increase of 22% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :