Philippines: Frozen Orange Juice Market 2020

Frozen Orange Juice Market Size in the Philippines

The revenue of the frozen orange juice market in the Philippines amounted to $X in 2018, going down by -X% against the previous year. Over the period under review, frozen orange juice consumption continues to indicate an abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Frozen orange juice consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Frozen Orange Juice Production in the Philippines

In value terms, frozen orange juice production stood at $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Frozen orange juice production peaked at $X in 2010; however, from 2011 to 2018, production remained at a lower figure.

Frozen Orange Juice Exports

Exports from the Philippines

Frozen orange juice exports from the Philippines stood at X tons in 2018, jumping by X% against the previous year. Over the period under review, frozen orange juice exports continue to indicate an outstanding increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. In that year, frozen orange juice exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, frozen orange juice exports stood at $X in 2018. Over the period under review, frozen orange juice exports continue to indicate skyrocketing growth. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. In that year, frozen orange juice exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

The U.S. (X tons) was the main destination for frozen orange juice exports from the Philippines, with a X% share of total exports. Moreover, frozen orange juice exports to the U.S. exceeded the volume sent to the second major destination, Guam (X tons), twofold. The third position in this ranking was occupied by Qatar (X tons), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guam (+X% per year) and Qatar (+X% per year).

In value terms, the largest markets for frozen orange juice exported from the Philippines were the U.S. ($X), China, Hong Kong SAR ($X) and Guam ($X), together accounting for X% of total exports. These countries were followed by Qatar, Taiwan, Chinese, Samoa and the UK, which together accounted for a further X terms of the main countries of destination, Samoa (+X% per year) recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average frozen orange juice export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the frozen orange juice export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. The export price peaked in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was China, Hong Kong SAR ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to China, Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Orange Juice Imports

Imports into the Philippines

Frozen orange juice imports into the Philippines stood at X tons in 2018, growing by X% against the previous year. In general, frozen orange juice imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 when imports increased by X% y-o-y. Imports peaked at X tons in 2009; however, from 2010 to 2018, imports stood at a somewhat lower figure.

In value terms, frozen orange juice imports amounted to $X in 2018. In general, frozen orange juice imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, Portugal (X tons) constituted the largest supplier of frozen orange juice to the Philippines, with a X% share of total imports. Moreover, frozen orange juice imports from Portugal exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Portugal amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and Germany (+X% per year).

In value terms, the largest frozen orange juice suppliers to the Philippines were Brazil ($X), Germany ($X) and Portugal ($X), together accounting for X% of total imports. Israel, the U.S., Thailand, Bahrain, Cyprus and Turkey lagged somewhat behind, together comprising a further X terms of the main suppliers, Thailand (+X% per year) experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen orange juice import price stood at $X per ton in 2018, dropping by -X% against the previous year. Over the period under review, the import price indicated a buoyant increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, frozen orange juice import price decreased by -X% against 2012 indices. The pace of growth appeared the most rapid in 2012 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Israel ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform