Philippines: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in the Philippines

In 2021, after two years of growth, there was decline in the Philippine orange juice (single strength) market, when its value decreased by -4.9% to $X. Over the period under review, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +69.2% against 2015 indices. Orange juice (single strength) consumption peaked at $X in 2020, and then shrank modestly in the following year.

Production of Orange Juice (Single Strength) in the Philippines

In value terms, orange juice (single strength) production shrank to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced contraction. The growth pace was the most rapid in 2014 when the production volume increased by 41%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Orange Juice (Single Strength)

Exports from the Philippines

In 2021, overseas shipments of orange juice (single strength) increased by 27% to X tons, rising for the third year in a row after two years of decline. In general, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 247% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, orange juice (single strength) exports expanded modestly to $X in 2021. Over the period under review, exports, however, showed a deep reduction. The growth pace was the most rapid in 2019 when exports increased by 306%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for orange juice (single strength) exports from the Philippines, with a 97% share of total exports. It was followed by Mongolia (X tons), with a 2.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mongolia (0.0% per year) and Singapore (-41.0% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for orange juice (single strength) exports from the Philippines, comprising 97% of total exports. The second position in the ranking was held by Mongolia ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mongolia (0.0% per year) and Singapore (-37.3% per year).

Export Prices by Country

In 2021, the average orange juice (single strength) export price amounted to $X per ton, shrinking by -19.8% against the previous year. In general, the export price showed a slight decline. The growth pace was the most rapid in 2017 when the average export price increased by 27%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Orange Juice (Single Strength)

Imports into the Philippines

In 2021, purchases abroad of orange juice (single strength) decreased by -9.7% to X tons for the first time since 2015, thus ending a five-year rising trend. Over the period under review, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 369% against the previous year. Imports peaked at X tons in 2020, and then contracted in the following year.

In value terms, orange juice (single strength) imports fell to $X in 2021. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 491%. Over the period under review, imports reached the maximum at $X in 2020, and then contracted slightly in the following year.

Imports by Country

Thailand (X tons), Australia (X tons) and Brazil (X tons) were the main suppliers of orange juice (single strength) imports to the Philippines, together accounting for 95% of total imports.

From 2012 to 2021, the biggest increases were in Brazil (with a CAGR of +116.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest orange juice (single strength) suppliers to the Philippines were Thailand ($X), Australia ($X) and Hong Kong SAR ($X), together comprising 87% of total imports. These countries were followed by Brazil, which accounted for a further 12%.

Among the main suppliers, Brazil, with a CAGR of +75.2%, saw the highest rates of growth with regard to 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 orange juice (single strength) import price stood at $X per ton in 2021, with an increase of 8.2% against the previous year. In general, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 an increase of 50%. Over the period under review, average import prices hit record highs at $X per ton in 2017; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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