Philippines: Mixed Juices Market 2024

Mixed Juices Market Size in the Philippines

The Philippine mixed juices market fell slightly to $X in 2022, declining by -3.1% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Mixed juices consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Mixed Juices Production in the Philippines

In value terms, mixed juices production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 35%. Mixed juices production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Mixed Juices Exports

Exports from the Philippines

In 2022, approx. X tons of mixtures of fruit and vegetable juices were exported from the Philippines; growing by 4% against the year before. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 103% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, mixed juices exports expanded modestly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 109% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for mixed juices exports from the Philippines, accounting for a 79% share of total exports. Moreover, mixed juices exports to the United States exceeded the volume sent to the second major destination, Marshall Islands (X tons), more than tenfold. The third position in this ranking was taken by Micronesia (X tons), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Marshall Islands (+59.1% per year) and Micronesia (+36.1% per year).

In value terms, the United States ($X) remains the key foreign market for mixtures of fruit and vegetable juices exports from the Philippines, comprising 77% of total exports. The second position in the ranking was held by Marshall Islands ($X), with a 3.7% share of total exports. It was followed by Canada, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Marshall Islands (+60.8% per year) and Canada (-15.9% per year).

Export Prices by Country

In 2022, the average mixed juices export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 15%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Juices Imports

Imports into the Philippines

In 2022, the amount of mixtures of fruit and vegetable juices imported into the Philippines soared to X tons, surging by 31% on 2021. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.2% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, mixed juices imports expanded markedly to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.9% against 2018 indices. The growth pace was the most rapid in 2015 when imports increased by 46%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

The United States (X tons), Thailand (X tons) and South Korea (X tons) were the main suppliers of mixed juices imports to the Philippines, with a combined 76% share of total imports. South Africa, Taiwan (Chinese), the UK and Australia lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +55.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed juices suppliers to the Philippines were the United States ($X), Thailand ($X) and South Korea ($X), together comprising 80% of total imports. South Africa, Taiwan (Chinese), the UK and Australia lagged somewhat behind, together accounting for a further 13%.

Among the main suppliers, the UK, with a CAGR of +62.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mixed juices import price stood at $X per ton in 2022, which is down by -13.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2013 an increase of 31% against the previous year. The import price peaked at $X per ton in 2021, and then dropped in the following year.

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 Australia ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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