Philippines: Tomato Market 2024

Tomato Market Size in the Philippines

In 2021, the Philippine tomato market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, recorded a slight downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Tomato Production in the Philippines

In value terms, tomato production rose to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 125%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

The average yield of tomatoes in the Philippines stood at X tons per ha in 2021, remaining relatively unchanged against the previous year's figure. The yield figure increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the yield increased by 6.3%. Over the period under review, the average tomato yield hit record highs at X tons per ha in 2019; afterwards, it flattened through to 2021. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of tomatoes were harvested in the Philippines; approximately equating 2020 figures. Overall, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the harvested area increased by 1.8%. The tomato harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area stood at a somewhat lower figure.

Tomato Exports

Exports from the Philippines

After three years of growth, shipments abroad of tomatoes decreased by -71.4% to X kg in 2017. In general, exports saw a sharp descent. The most prominent rate of growth was recorded in 2014 when exports increased by 20% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2017, the exports remained at a lower figure.

In value terms, tomato exports shrank markedly to $X in 2017. Over the period under review, exports saw a sharp descent. The pace of growth appeared the most rapid in 2014 with an increase of 1.5% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2017, the exports failed to regain momentum.

Exports by Country

Bahrain (X kg) was the main destination for tomato exports from the Philippines, accounting for a approx. 100% share of total exports.

From 2012 to 2017, the average annual growth rate of volume to Bahrain amounted to -46.6%.

In value terms, Bahrain ($X) emerged as the key foreign market for tomato exports from the Philippines.

From 2012 to 2017, the average annual rate of growth in terms of value to Bahrain stood at -49.0%.

Export Prices by Country

In 2017, the average tomato export price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price saw a deep contraction. The growth pace was the most rapid in 2013 when the average export price increased by 120%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2017, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Bahrain.

From 2012 to 2017, the rate of growth in terms of prices for Bahrain amounted to -4.5% per year.

Tomato Imports

Imports into the Philippines

In 2021, purchases abroad of tomatoes increased by 43% to X tons, rising for the second consecutive year after two years of decline. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 21,718%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, tomato imports surged to $X in 2021. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 25,903% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of tomato to the Philippines, accounting for a 81% share of total imports. Moreover, tomato imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +61.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+100.4% per year) and Malaysia (0.0% per year).

In value terms, China ($X) constituted the largest supplier of tomato to the Philippines, comprising 70% of total imports. The second position in the ranking was taken by the United States ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +54.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+99.4% per year) and Malaysia (0.0% per year).

Import Prices by Country

The average tomato import price stood at $X per ton in 2021, leveling off at the previous year. Overall, the import price recorded a noticeable downturn. The pace of growth appeared the most rapid in 2015 an increase of 42% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.6%).

Source: IndexBox Platform

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