Philippines: Market for Jams, Jellies, Puree And Pastes 2024

Market Size for Jams, Jellies, Puree And Pastes in the Philippines

The Philippine market for jams, jellies, puree and pastes stood at $X in 2021, increasing by 9.8% against the previous year. Over the period under review, consumption continues to indicate a resilient expansion. Jam, jelly, puree and paste consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Jams, Jellies, Puree And Pastes in the Philippines

In value terms, jam, jelly, puree and paste production rose markedly to $X in 2021 estimated in export price. Overall, production enjoyed a strong increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 69%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Jams, Jellies, Puree And Pastes

Exports from the Philippines

In 2021, overseas shipments of jams, jellies, puree and pastes increased by 14% to X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 30%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, jam, jelly, puree and paste exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), South Korea (X tons) and Malaysia (X tons) were the main destinations of jam, jelly, puree and paste exports from the Philippines, together accounting for 54% of total exports. The United States, Hong Kong SAR, Japan, Indonesia, Saudi Arabia, Australia, Thailand, Singapore, the Netherlands and New Zealand lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +14.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for jam, jelly, puree and paste exported from the Philippines were China ($X), South Korea ($X) and the United States ($X), together comprising 49% of total exports. These countries were followed by Hong Kong SAR, Malaysia, Japan, Thailand, Saudi Arabia, Indonesia, Singapore, Australia, the Netherlands and New Zealand, which together accounted for a further 40%.

Saudi Arabia, with a CAGR of +16.1%, saw the highest growth rate of the value of exports, among 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

In 2021, the average export price for jams, jellies, puree and pastes amounted to $X per ton, surging by 16% against the previous year. Over the last nine years, it increased at an average annual rate of +4.3%. The pace of growth appeared the most rapid in 2015 when the average export price increased by 21%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to Malaysia ($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 the United States (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jams, Jellies, Puree And Pastes

Imports into the Philippines

In 2021, approx. X tons of jams, jellies, puree and pastes were imported into the Philippines; reducing by -3.8% on the previous year. In general, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2017 when imports increased by 237%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, jam, jelly, puree and paste imports expanded to $X in 2021. Over the period under review, imports, however, recorded strong growth. The growth pace was the most rapid in 2017 when imports increased by 175% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of jam, jelly, puree and paste to the Philippines, with a 37% share of total imports. Moreover, jam, jelly, puree and paste imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+22.2% per year) and the United States (-7.2% per year).

In value terms, China ($X) constituted the largest supplier of jams, jellies, puree and pastes to the Philippines, comprising 34% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports. It was followed by Vietnam, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +29.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.2% per year) and Vietnam (+52.2% per year).

Import Prices by Country

In 2021, the average import price for jams, jellies, puree and pastes amounted to $X per ton, surging by 9% against the previous year. Over the period under review, the import price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 48%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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