Philippines: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in the Philippines

The Philippine grape juice (single strength) market soared to $X in 2021, increasing by 656% 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). Over the period under review, consumption enjoyed a resilient increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Exports of Grape Juice (Single Strength)

Exports from the Philippines

In 2021, the amount of grape juice (single strength) exported from the Philippines stood at X tons, surging by 2.5% against 2020. In general, exports, however, continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2019 when exports increased by 52%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, grape juice (single strength) exports shrank to $X in 2021. Overall, exports, however, faced a dramatic decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 56% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons), Mongolia (X tons) and the United Arab Emirates (X kg) were the main destinations of grape juice (single strength) exports from the Philippines, together accounting for 81% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mongolia (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, the largest markets for grape juice (single strength) exported from the Philippines were Malaysia ($X), Mongolia ($X) and Brunei Darussalam ($X), with a combined 77% share of total exports.

Among the main countries of destination, Mongolia, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average grape juice (single strength) export price stood at $X per ton in 2021, falling by -10.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 33% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Malaysia ($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 Malaysia (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Grape Juice (Single Strength)

Imports into the Philippines

In 2021, the amount of grape juice (single strength) imported into the Philippines soared to X tons, rising by 497% against 2020. In general, imports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of 913%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, grape juice (single strength) imports skyrocketed to $X in 2021. Overall, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of 919%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

South Africa (X tons), the United States (X tons) and Cyprus (X tons) were the main suppliers of grape juice (single strength) imports to the Philippines, together accounting for 54% of total imports. These countries were followed by Spain, Italy, Malaysia, Thailand and Australia, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +32.3%), while purchases for the other leaders experienced a decline.

In value terms, the largest grape juice (single strength) suppliers to the Philippines were South Africa ($X), the United States ($X) and Spain ($X), with a combined 48% share of total imports.

Spain, with a CAGR of +36.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average grape juice (single strength) import price stood at $X per ton in 2021, rising by 2.4% against the previous year. In general, the import price recorded a strong increase. The most prominent rate of growth was recorded in 2018 an increase of 74% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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