Philippines: Vegetable Market 2020

Vegetable Market Size in the Philippines

The revenue of the vegetable market in the Philippines amounted to $X in 2017, coming up by X% against the previous year. In general, vegetable consumption continues to indicate a strong increase. The most prominent rate of growth was recorded in 2014, when it surged by X% year-to-year. The Philippines vegetable consumption peaked in 2017, and is expected to retain its growth in the near future.

Vegetable Production in the Philippines

In 2017, the amount of vegetables produced in the Philippines amounted to X tons, going up by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2012, when it surged by X% y-o-y. Over the period under review, the vegetable production attained its maximum volume in 2017, and is expected to retain its growth in the immediate term. Vegetable output in the Philippines indicated a mild expansion, which was largely conditioned by a slight expansion of the harvested area and a relatively flat trend pattern in yield figures.

Average yield of vegetables in the Philippines totaled X ton per ha in 2017, flattening at the previous year. In general, vegetable yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when it surged by X% against the previous year. Over the period under review, the vegetable yield attained its peak figure level of X ton per ha in 2015; however, from 2016 to 2017, it stood at a somewhat lower level. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, approx. X ha of vegetables were harvested in the Philippines; jumping by X% against the previous year. The harvested area increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2011, when harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to vegetable production reached its maximum in 2017, and is likely to continue its growth in the immediate term.

Vegetable Exports in the Philippines

In 2017, the amount of vegetables exported from the Philippines stood at X tons, lowering by -X% against the previous year. In general, vegetable exports continue to indicate an abrupt downturn. The growth pace was the most rapid in 2010, when it surged by X% against the previous year. Over the period under review, the vegetable exports reached its maximum volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, vegetable exports stood at $X in 2017. In general, vegetable exports continue to indicate a significant slump. Over the period under review, the vegetable exports reached its maximum level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Vegetable Exports by Country in the Philippines

The countries with the highest levels of vegetable exports in 2017 were the Netherlands (X tons), Mexico (X tons), Spain (X tons) and China (X tons), together finishing at X% of total export. France (X tons) ranks second in terms of the global exports with a X% share, followed by the U.S. (X%). India (X tons), Germany (X tons), Belgium (X tons), Canada (X tons), Italy (X tons) and Egypt (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Spain ($X) and Mexico ($X) were the countries with the highest levels of exports in 2017, with a combined X% share of total exports. These countries were followed by China, the U.S., France, Canada, Italy, Belgium, Germany, India, Egypt and the Philippines, which together accounted for a further X%.

China (+X% per year) experienced the highest growth rate of exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Vegetable Export Prices by Country in the Philippines

In 2017, the vegetable export price in the Philippines amounted to $X per ton, jumping by X% against the previous year. Overall, the export price indicated a strong increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017, when it surged by X% against the previous year. Over the period under review, the export prices for vegetables attained its maximum level of $X per ton in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Italy ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year), while the other leaders experienced more modest paces of growth.

Vegetable Imports in the Philippines

In 2017, the amount of vegetables imported into the Philippines amounted to X tons, surging by X% against the previous year. In general, vegetable imports continue to indicate a temperate expansion. The growth pace was the most rapid in 2012, when imports increased by X% against the previous year. The Philippines imports peaked in 2017, and are likely to continue its growth in the near future.

In value terms, vegetable imports amounted to $X in 2017. Overall, vegetable imports continue to indicate a prominent growth. Over the period under review, the vegetable imports attained its maximum level in 2017, and are expected to retain its growth in the near future.

Vegetable Imports by Country in the Philippines

In 2017, the U.S. (X tons), distantly followed by Germany (X tons), the Netherlands (X tons), Belgium (X tons), the UK (X tons) and France (X tons) represented the major importers of vegetables, together comprising X% of total imports. The following importers - Canada (X tons), Russia (X tons), the United Arab Emirates (X tons), Malaysia (X tons), Spain (X tons) and Italy (X tons) together made up X% of total imports.

From 2007 to 2017, average annual rates of growth with regard to vegetable imports into the U.S. stood at +X%. At the same time, the United Arab Emirates (+X%), Malaysia (+X%), the Netherlands (+X%), Belgium (+X%), Germany (+X%), Italy (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. France, Spain, the UK and Russia experienced a relatively flat trend pattern. From 2007 to 2017, the share of Belgium, the Netherlands and the U.S. decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vegetable markets worldwide were the U.S. ($X), Germany ($X) and the UK ($X), with a combined X% share of total imports. These countries were followed by France, Canada, the Netherlands, Russia, Belgium, Italy, Spain, the United Arab Emirates, Malaysia and the Philippines, which together accounted for a further X%.

The United Arab Emirates (+X% per year) recorded the highest growth rate of imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Vegetable Import Prices by Country in the Philippines

The vegetable import price in the Philippines stood at $X per ton in 2017, waning by -X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011, when it surged by X% y-o-y. In that year, the import prices for vegetables attained their peak level of $X per ton. From 2012 to 2017, growth of the import prices for vegetables failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Germany ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Malaysia (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform