Philippines: Market for Non-Citrus Fruits Not Elsewhere Classified 2024

Market Size for Non-Citrus Fruits Not Elsewhere Classified in the Philippines

The Philippine market for non-citrus fruits not elsewhere classified expanded rapidly to $X in 2022, rising by 5.9% against the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.3% against 2020 indices. Non-citrus fruits not elsewhere classified consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Non-Citrus Fruits Not Elsewhere Classified in the Philippines

In value terms, non-citrus fruits not elsewhere classified production rose notably to $X in 2022 estimated in export price. Overall, production, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 208%. Non-citrus fruits not elsewhere classified production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Non-Citrus Fruits Not Elsewhere Classified

Exports from the Philippines

In 2022, exports of non-citrus fruits not elsewhere classified from the Philippines declined dramatically to X tons, reducing by -37.3% against the year before. In general, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 432% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-citrus fruits not elsewhere classified exports contracted remarkably to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 269%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for non-citrus fruits not elsewhere classified exports from the Philippines, with a 44% share of total exports. Moreover, non-citrus fruits not elsewhere classified exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), threefold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +81.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+64.5% per year) and Hong Kong SAR (+41.8% per year).

In value terms, the United States ($X) remains the key foreign market for non-citrus fruits not elsewhere classified exports from the Philippines, comprising 38% of total exports. The second position in the ranking was held by Japan ($X), with a 15% share of total exports. It was followed by Canada, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +78.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+38.0% per year) and Canada (+75.0% per year).

Export Prices by Country

In 2022, the average export price for non-citrus fruits not elsewhere classified amounted to $X per ton, growing by 9.3% against the previous year. In general, the export price saw resilient growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 187% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Canada ($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 Pakistan (+319.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Citrus Fruits Not Elsewhere Classified

Imports into the Philippines

In 2022, approx. X tons of non-citrus fruits not elsewhere classified were imported into the Philippines; shrinking by -9.7% compared with 2021 figures. In general, imports saw a abrupt slump. The growth pace was the most rapid in 2015 when imports increased by 64% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, non-citrus fruits not elsewhere classified imports declined to $X in 2022. Overall, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 52%. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of non-citrus fruits not elsewhere classified to the Philippines, with a 87% share of total imports. Moreover, non-citrus fruits not elsewhere classified imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled -7.2%.

In value terms, China ($X) constituted the largest supplier of non-citrus fruits not elsewhere classified to the Philippines, comprising 87% of total imports. The second position in the ranking was held by Thailand ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +12.0%.

Import Prices by Country

The average import price for non-citrus fruits not elsewhere classified stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 an increase of 78%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Thailand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform