Philippines: Vinegar-Preserved Vegetable Market 2025

Vinegar-Preserved Vegetable Market Size in the Philippines

The Philippine vinegar-preserved vegetable market dropped to $X in 2022, declining by -6% against the previous year. Overall, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 -11.0% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Vinegar-Preserved Vegetable Production in the Philippines

In value terms, vinegar-preserved vegetable production shrank to $X in 2022 estimated in export price. Over the period under review, production enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 294% against the previous year. Vinegar-preserved vegetable production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Vinegar-Preserved Vegetable Exports

Exports from the Philippines

In 2022, overseas shipments of vegetables in vinegar other than potatoes increased by 213% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 5,567% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, vinegar-preserved vegetable exports surged to $X in 2022. Overall, exports saw strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 3,494% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Singapore (X tons), the UK (X tons) and Saudi Arabia (X tons) were the main destinations of vinegar-preserved vegetable exports from the Philippines, together accounting for 67% of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +90.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the UK ($X) and the United States ($X) appeared to be the largest markets for vinegar-preserved vegetable exported from the Philippines worldwide, with a combined 68% share of total exports.

Among the main countries of destination, Singapore, with a CAGR of +95.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average vinegar-preserved vegetable export price amounted to $X per ton, picking up by 9.9% against the previous year. In general, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 297% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Kuwait ($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 China (+28.5%), while the prices for the other major destinations experienced more modest paces of growth.

Vinegar-Preserved Vegetable Imports

Imports into the Philippines

In 2022, vinegar-preserved vegetable imports into the Philippines reduced notably to X tons, with a decrease of -27.8% against the previous year's figure. Over the period under review, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 94%. As a result, imports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, vinegar-preserved vegetable imports declined to $X in 2022. Overall, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 48%. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

India (X tons), the United States (X tons) and Sri Lanka (X tons) were the main suppliers of vinegar-preserved vegetable imports to the Philippines, with a combined 71% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +21.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vinegar-preserved vegetable suppliers to the Philippines were India ($X), the United States ($X) and Sri Lanka ($X), together comprising 63% of total imports. Spain, Mexico, China, Turkey, Germany, South Korea and Japan lagged somewhat behind, together comprising a further 31%.

In terms of the main suppliers, Germany, with a CAGR of +26.2%, saw the highest growth rate of 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

In 2022, the average vinegar-preserved vegetable import price amounted to $X per ton, with an increase of 33% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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