Philippines: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in the Philippines

In 2022, after three years of growth, there was decline in the Philippine lettuce and chicory market, when its value decreased by -0.2% to $X. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Lettuce And Chicory Production in the Philippines

In value terms, lettuce and chicory production expanded significantly to $X in 2022 estimated in export price. In general, production, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2017 with an increase of 581% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

In 2022, the average lettuce and chicory yield in the Philippines fell to X tons per ha, therefore, remained relatively stable against 2021. The yield figure increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 with an increase of 6.6%. Over the period under review, the average lettuce and chicory yield attained the peak level at X tons per ha in 2021, and then declined in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The lettuce and chicory harvested area in the Philippines shrank slightly to X ha in 2022, waning by -1.9% compared with 2021 figures. In general, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the harvested area increased by 8.6% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2014 to 2022, the growth of the lettuce and chicory harvested area remained at a somewhat lower figure.

Lettuce And Chicory Exports

Exports from the Philippines

In 2022, shipments abroad of lettuce and chicory decreased by -60.8% to X kg, falling for the second year in a row after two years of growth. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 3,635% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, lettuce and chicory exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 5,822% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Korea (X kg) was the main destination for lettuce and chicory exports from the Philippines, accounting for a 71% share of total exports. Moreover, lettuce and chicory exports to South Korea exceeded the volume sent to the second major destination, Qatar (X kg), threefold. The third position in this ranking was taken by the United Arab Emirates (X kg), with a 6% share.

From 2017 to 2022, the average annual growth rate of volume to South Korea stood at +244.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+23.0% per year) and the United Arab Emirates (+68.7% per year).

In value terms, South Korea ($X) emerged as the key foreign market for lettuce and chicory exports from the Philippines, comprising 89% of total exports. The second position in the ranking was taken by Qatar ($X), with a 7% share of total exports. It was followed by the United Arab Emirates, with a 3.6% share.

From 2017 to 2022, the average annual rate of growth in terms of value to South Korea stood at +141.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+11.4% per year) and the United Arab Emirates (+29.3% per year).

Export Prices by Country

In 2022, the average lettuce and chicory export price amounted to $X per ton, jumping by 382% against the previous year. Over the period under review, the export price showed a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+41.8%), while the prices for the other major destinations experienced mixed trend patterns.

Lettuce And Chicory Imports

Imports into the Philippines

In 2022, purchases abroad of lettuce and chicory increased by 90% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2015 when imports increased by 8,144% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, lettuce and chicory imports rose remarkably to $X in 2022. Overall, imports recorded a tangible increase. The most prominent rate of growth was recorded in 2015 with an increase of 8,091% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of lettuce and chicory to the Philippines, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +94.7%.

In value terms, China ($X) constituted the largest supplier of lettuce and chicory to the Philippines.

From 2012 to 2022, the average annual growth rate of value from China amounted to +91.8%.

Import Prices by Country

The average lettuce and chicory import price stood at $X per ton in 2022, reducing by -44.3% against the previous year. Overall, the import price saw a noticeable descent. The most prominent rate of growth was recorded in 2021 an increase of 69%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 the United States amounted to +10.4% per year.

Source: IndexBox Platform

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