Philippines: Fruit Market 2024

Fruit Market Size in the Philippines

In 2022, the Philippine fruit market increased by X% to $X, rising for the fourth year in a row after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Fruit Production in the Philippines

In value terms, fruit production expanded sharply to $X in 2022 estimated in export price. Overall, production, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Fruit production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of fruits in the Philippines dropped slightly to X tons per ha in 2022, almost unchanged from the previous year. Overall, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the average fruit yield reached the maximum level at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of fruits in the Philippines totaled X ha, leveling off at the year before. In general, the harvested area, however, saw a slight contraction. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to fruit production attained the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Fruit Exports

Exports from the Philippines

In 2022, shipments abroad of fruits was finally on the rise to reach X tons after three years of decline. In general, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, fruit exports reached $X in 2022. Overall, exports posted resilient growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X tons), China (X tons) and South Korea (X tons) were the main destinations of fruit exports from the Philippines, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for fruit exported from the Philippines were Japan ($X), China ($X) and South Korea ($X), with a combined X% share of total exports.

Among the main countries of destination, China, with a CAGR of X%, recorded 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 fruit export price amounted to $X per ton, standing approx. at the previous year. In general, the export price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hong Kong SAR ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Kuwait ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

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

Fruit Imports

Imports into the Philippines

In 2022, purchases abroad of fruits decreased by X% to X tons for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, imports, however, saw a temperate expansion. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted sharply in the following year.

In value terms, fruit imports shrank rapidly to $X in 2022. In general, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then plummeted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of fruit to the Philippines, with a X% share of total imports. Moreover, fruit imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), tenfold. Pakistan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Pakistan (X% per year).

In value terms, China ($X) constituted the largest supplier of fruits to the Philippines, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with an X% share of total imports. It was followed by Pakistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Pakistan (X% per year).

Import Prices by Country

The average fruit import price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fruit import price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then dropped slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Australia ($X per ton), while the price for Pakistan ($X per ton) and Argentina ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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