Philippines: Market for Roots and Tubers, nes 2022

Market Size for Roots and Tubers, nes in the Philippines

The Philippine roots and tubers, nes market stood at $X in 2020, standing approx. at the previous year. Over the period under review, the total consumption indicated pronounced growth from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The growth pace was the most rapid in 2013 when the market value increased by X% y-o-y. Roots and tubers, nes consumption peaked at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Production of Roots and Tubers, nes in the Philippines

In value terms, roots and tubers, nes production reached $X in 2020 estimated in export prices. Over the period under review, production, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2020, production failed to regain the momentum.

In 2020, the average yield of roots and tubers, nes in the Philippines totaled X tons per ha, approximately mirroring 2019 figures. Overall, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. The roots and tubers, nes yield peaked at X tons per ha in 2014; however, from 2015 to 2020, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of roots and tubers, nes were harvested in the Philippines; flattening at the previous year's figure. In general, the harvested area, however, showed a mild shrinkage. 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 roots and tubers, nes production attained the maximum at X ha in 2010; however, from 2011 to 2020, the harvested area stood at a somewhat lower figure.

Exports of Roots and Tubers, nes

Exports from the Philippines

Roots and tubers, nes exports from the Philippines soared to X tons in 2020, rising by X% compared with the previous year. In general, exports saw a mild increase. Over the period under review, exports hit record highs at X tons in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, roots and tubers, nes exports soared to $X in 2020. Over the period under review, exports posted prominent growth. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum in 2020 and are expected to retain growth in the near future.

Exports by Country

The U.S. (X tons), Canada (X tons) and Qatar (X tons) were the main destinations of roots and tubers, nes exports from the Philippines, with a combined X% share of total exports. Australia, the Netherlands and the UK lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) remains the key foreign market for roots and tubers, nes exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Australia (+X% per year).

Export Prices by Country

The average roots and tubers, nes export price stood at $X per ton in 2020, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, continues to indicate resilient growth. The pace of growth was the most pronounced in 2013 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Australia, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Roots and Tubers, nes

Imports into the Philippines

In 2020, supplies from abroad of roots and tubers, nes increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, roots and tubers, nes imports reached $X in 2020. Overall, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2020, imports remained at a lower figure.

Imports by Country

Vietnam (X tons) and China (X tons) were the main suppliers of roots and tubers, nes imports to the Philippines.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China.

In value terms, Vietnam ($X) constituted the largest supplier of roots and tubers, nes to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Vietnam amounted to +X%.

Import Prices by Country

The average roots and tubers, nes import price stood at $X per ton in 2020, picking up by X% against the previous year. Over the period under review, import price indicated a moderate increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, roots and tubers, nes import price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Vietnam ($X per ton), while the price for China stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam.

Source: IndexBox Platform

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