Philippines: Market for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades 2024

Market Size for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in the Philippines

The Philippine homogenised jam and marmalade market dropped to $X in 2022, with a decrease of -13.7% against the previous year. Over the period under review, consumption recorded a perceptible shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in the Philippines

In value terms, homogenised jam and marmalade production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a mild decline. The growth pace was the most rapid in 2013 with an increase of 48%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Exports from the Philippines

For the third consecutive year, the Philippines recorded decline in overseas shipments of homogenised preparations of jams, fruit jellies and marmalades, which decreased by 0% to X tons in 2022. Over the period under review, exports showed a noticeable expansion. The pace of growth was the most pronounced in 2017 with an increase of 22,204%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, homogenised jam and marmalade exports stood at $X in 2022. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 27,375% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Qatar (X kg) was the main destination for homogenised jam and marmalade exports from the Philippines, accounting for a 63% share of total exports. Moreover, homogenised jam and marmalade exports to Qatar exceeded the volume sent to the second major destination, the UK (X kg), fourfold. The third position in this ranking was held by New Zealand (X kg), with a 16% share.

From 2014 to 2022, the average annual rate of growth in terms of volume to Qatar amounted to +107.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+42.0% per year) and New Zealand (+5.9% per year).

In value terms, Qatar ($X), the UK ($X) and New Zealand ($X) were the largest markets for homogenised jam and marmalade exported from the Philippines worldwide, with a combined 87% share of total exports.

Among the main countries of destination, Qatar, with a CAGR of +127.9%, 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

In 2022, the average homogenised jam and marmalade export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 23% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+58.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Imports into the Philippines

In 2022, supplies from abroad of homogenised preparations of jams, fruit jellies and marmalades decreased by -75.3% to X tons, falling for the third consecutive year after two years of growth. In general, imports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2018 when imports increased by 219% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, homogenised jam and marmalade imports reduced remarkably to $X in 2022. Over the period under review, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2015 with an increase of 171%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of homogenised jam and marmalade to the Philippines, with a 72% share of total imports. Moreover, homogenised jam and marmalade imports from Poland exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), sixfold. The third position in this ranking was taken by the United States (X tons), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-33.6% per year) and the United States (-20.8% per year).

In value terms, Poland ($X) constituted the largest supplier of homogenised preparations of jams, fruit jellies and marmalades to the Philippines, comprising 85% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 5.2% share of total imports. It was followed by France, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-29.0% per year) and France (-11.7% per year).

Import Prices by Country

The average homogenised jam and marmalade import price stood at $X per ton in 2022, surging by 57% against the previous year. Overall, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 97%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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