Price for Apples, Pears and Quinces; Fresh in the Philippines - 2023
Contents:
- Price for Apples, Pears and Quinces; Fresh in the Philippines (CIF) - 2022
- Price for Apples, Pears and Quinces; Fresh in the Philippines (FOB) - 2022
- Imports of Apples, Pears and Quinces; Fresh in the Philippines
- Exports of Apples, Pears and Quinces; Fresh in the Philippines
Price for Apples, Pears and Quinces; Fresh in the Philippines (CIF) - 2022
In 2022, the average import price for apples, pears and quinces; freshes amounted to $1,181 per ton, which is down by -4.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 19% against the previous year. Over the period under review, average import prices hit record highs at $1,242 per ton in 2021, and then fell modestly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,182 per ton), while the price for the United States totaled $1,175 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.7%).
Price for Apples, Pears and Quinces; Fresh in the Philippines (FOB) - 2022
In 2022, the average export price for apples, pears and quinces; freshes amounted to $1,000 per ton, growing by 11% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, apples, pears and quinces; fresh export price decreased by -11.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 62%. As a result, the export price attained the peak level of $1,402 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($1,000 per ton), while the average price for exports to the United Arab Emirates amounted to $1,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Apples, Pears and Quinces; Fresh in the Philippines
In 2022, overseas purchases of apples, pears and quinces; freshes decreased by -30.6% to 185K tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year. As a result, imports attained the peak of 280K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, apples, pears and quinces; fresh imports fell sharply to $218M in 2022. In general, total imports indicated a mild expansion from 2019 to 2022: its value increased at an average annual rate of +1.1% over the last three-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 2020 when imports increased by 47%.
| Import of Apples, Pears and Quinces; Fresh in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 197 | 305 | 325 | 212 | 2.5% |
| United States | 7.1 | 4.2 | 4.0 | 3.4 | -21.8% |
| Others | 7.5 | 2.2 | 1.9 | 2.4 | -31.6% |
| Total | 211 | 311 | 331 | 218 | 1.1% |
Top Suppliers of Apples, Pears and Quinces; Fresh to the Philippines in 2022:
- China (179.7K tons)
- United States (2.9K tons)
Exports of Apples, Pears and Quinces; Fresh in the Philippines
In 2022, overseas shipments of apples, pears and quinces; freshes decreased by -99.8% to 141 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a dramatic shrinkage. The growth pace was the most rapid in 2021 when exports increased by 543%. As a result, the exports reached the peak of 70 tons, and then fell significantly in the following year.
In value terms, apples, pears and quinces; fresh exports reduced markedly to $141 in 2022. In general, exports continue to indicate a sharp decline. The pace of growth appeared the most rapid in 2021 when exports increased by 414% against the previous year. As a result, the exports reached the peak of $63K, and then declined sharply in the following year.
| Export of Apples, Pears and Quinces; Fresh in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.2 | N/A | 26.0 | 0.1 | -20.6% |
| Qatar | N/A | N/A | N/A | 0.1 | 0% |
| Macao SAR | 2.1 | N/A | N/A | N/A | 0% |
| Kuwait | 1.8 | 11.4 | N/A | N/A | 533.3% |
| Yemen | 0.7 | N/A | N/A | N/A | 0% |
| Saudi Arabia | N/A | N/A | 34.6 | N/A | 0% |
| Others | N/A | 0.8 | 2.3 | N/A | 187.5% |
| Total | 4.7 | 12.3 | 63.0 | 0.1 | -72.3% |
Top Export Markets for Apples, Pears and Quinces; Fresh from the Philippines in 2022:
- Qatar (73.0 kg)
- United Arab Emirates (68.0 kg)
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