Report Update Nov 1, 2024

Philippines - Mushrooms (Dried) - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Dried Mushroom Market 2024

Dried Mushroom Market Size in the Philippines

The Philippine dried mushroom market skyrocketed to $X in 2022, picking up by 34% 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). In general, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.0% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Dried Mushroom Exports

Exports from the Philippines

In 2022, exports of dried mushrooms and truffles from the Philippines skyrocketed to X kg, surging by 357% compared with 2021. Overall, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 1,223%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, dried mushroom exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a dramatic contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 783%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Guam (X kg) was the main destination for dried mushroom exports from the Philippines, with a 77% share of total exports. Moreover, dried mushroom exports to Guam exceeded the volume sent to the second major destination, Saudi Arabia (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+61.0% per year) and Canada (+3.1% per year).

In value terms, Guam ($X), Canada ($X) and Saudi Arabia ($X) appeared to be the largest markets for dried mushroom exported from the Philippines worldwide, with a combined 98% share of total exports.

Saudi Arabia, with a CAGR of +55.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dried mushroom export price stood at $X per ton in 2022, waning by -73% against the previous year. Over the period under review, the export price faced a abrupt descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by 111%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+60.1%), while the prices for the other major destinations experienced more modest paces of growth.

Dried Mushroom Imports

Imports into the Philippines

In 2022, dried mushroom imports into the Philippines soared to X tons, increasing by 27% against the year before. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 86% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, dried mushroom imports surged to $X in 2022. Overall, imports showed a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by 109% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of dried mushroom to the Philippines, with a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of dried mushrooms and truffles to the Philippines.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +8.5%.

Import Prices by Country

In 2022, the average dried mushroom import price amounted to $X per ton, with an increase of 9.4% against the previous year. Over the period under review, the import price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 57%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +7.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for dried mushrooms and truffles in the world?

China constituted the country with the largest volume of dried mushroom consumption, accounting for 78% of total volume. Moreover, dried mushroom consumption in China exceeded the figures recorded by the second-largest consumer, Zambia, more than tenfold. The third position in this ranking was occupied by Vietnam, with a 2.9% share.

What are the largest producers of dried mushrooms and truffles in the world?

China remains the largest dried mushroom producing country worldwide, accounting for 89% of total volume. Moreover, dried mushroom production in China exceeded the figures recorded by the second-largest producer, Zambia, more than tenfold.

What are the leading suppliers of dried mushrooms and truffles to the Philippines?

In value terms, Italy constituted the largest supplier of dried mushroom to the Philippines, comprising 53% of total imports. The second position in the ranking was occupied by India, with a 16% share of total imports. It was followed by Malaysia, with a 15% share.

What are the leading importers of dried mushrooms and truffles from the Philippines?

In value terms, Canada emerged as the key foreign market for dried mushroom exports from the Philippines, comprising 67% of total exports. The second position in the ranking was occupied by Hong Kong SAR, with a 26% share of total exports. It was followed by Japan, with a 5.1% share.

What is the average export price for dried mushrooms and truffles in the Philippines?

The average dried mushroom export price stood at $16,364 per ton in 2021, surging by 117% against the previous year.

What is the average import price for dried mushrooms and truffles in the Philippines?

The average dried mushroom import price stood at $13,764 per ton in 2021, growing by 50% against the previous year.

This report provides an in-depth analysis of the dried mushroom market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 450 - Dried Mushrooms

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023