Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in the Philippines - 2023
Contents:
- Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in the Philippines (CIF) - 2022
- Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in the Philippines (FOB) - 2022
- Imports of Seeds, Fruit and Spores; of A Kind Used for Sowing in the Philippines
- Exports of Seeds, Fruit and Spores; of A Kind Used for Sowing in the Philippines
Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in the Philippines (CIF) - 2022
The average import price for seeds, fruit and spores; of a kind used for sowing stood at $33,772 per ton in 2022, with an increase of 2.4% against the previous year. In general, the import price recorded buoyant growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 63%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($214,810 per ton), while the price for Vietnam ($2,704 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in the Philippines (FOB) - 2022
In 2022, the average export price for seeds, fruit and spores; of a kind used for sowing amounted to $19,595 per ton, declining by -11.5% against the previous year. In general, the export price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 249%. Over the period under review, the average export prices hit record highs at $22,141 per ton in 2021, and then shrank in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($32,830 per ton), while the average price for exports to Japan ($1,993 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 Malaysia (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Seeds, Fruit and Spores; of A Kind Used for Sowing in the Philippines
In 2022, purchases abroad of seeds, fruit and spores; of a kind used for sowing was finally on the rise to reach 971 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a pronounced shrinkage.
In value terms, imports of seeds, fruit and spores; of a kind used for sowing soared to $33M in 2022. The total import value increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Seeds, Fruit and Spores; of A Kind Used for Sowing in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 5.7 | 8.6 | 5.6 | 6.7 | 5.5% |
| South Africa | 4.0 | 4.7 | 3.3 | 5.6 | 11.9% |
| India | 3.4 | 1.2 | 2.1 | 5.6 | 18.1% |
| Japan | 4.9 | 6.7 | 4.9 | 4.3 | -4.3% |
| Netherlands | 1.5 | 2.2 | 3.4 | 2.8 | 23.1% |
| United States | 2.8 | 2.5 | 2.1 | 2.2 | -7.7% |
| New Zealand | 0.5 | 0.8 | 1.3 | 1.9 | 56.0% |
| Indonesia | 0.8 | 0.5 | 0.8 | 0.4 | -20.6% |
| Vietnam | 0.7 | 0.5 | 0.1 | 0.2 | -34.1% |
| China | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Hong Kong SAR | 0.3 | 0.2 | 0.5 | 0.2 | -12.6% |
| Others | 2.6 | 1.6 | 2.8 | 2.8 | 2.5% |
| Total | 27.4 | 29.7 | 27.3 | 32.8 | 6.2% |
Top Suppliers of Seeds, Fruit and Spores; of A Kind Used for Sowing to the Philippines in 2022:
- New Zealand (447.1 tons)
- Netherlands (119.4 tons)
- India (119.4 tons)
- South Africa (64.2 tons)
- Vietnam (62.1 tons)
- Thailand (31.0 tons)
- China (26.6 tons)
- Japan (25.7 tons)
- United States (14.8 tons)
- Hong Kong SAR (14.0 tons)
- Indonesia (8.5 tons)
Exports of Seeds, Fruit and Spores; of A Kind Used for Sowing in the Philippines
In 2022, after two years of decline, there was significant growth in overseas shipments of seeds, fruit and spores; of a kind used for sowing, when their volume increased by 25% to 532 tons. Overall, exports, however, continue to indicate a abrupt downturn.
In value terms, exports of seeds, fruit and spores; of a kind used for sowing rose rapidly to $10M in 2022. In general, exports, however, showed a noticeable setback.
| Export of Seeds, Fruit and Spores; of A Kind Used for Sowing in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.2 | 3.9 | 4.3 | 5.4 | 8.7% |
| Thailand | 2.0 | 2.5 | 2.1 | 1.7 | -5.3% |
| Malaysia | 1.5 | 0.9 | 0.2 | 1.3 | -4.7% |
| Myanmar | 0.5 | 0.3 | 0.3 | 0.2 | -26.3% |
| Tanzania | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| Japan | 0.3 | 0.3 | 0.1 | 0.1 | -30.7% |
| Kenya | 0.2 | 0.5 | 0.2 | N/A | 0.0% |
| Singapore | 0.3 | N/A | N/A | N/A | 0% |
| Others | 1.9 | 2.0 | 2.0 | 1.6 | -5.6% |
| Total | 11.1 | 10.3 | 9.5 | 10.4 | -2.1% |
Top Export Markets for Seeds, Fruit and Spores; of A Kind Used for Sowing from the Philippines in 2022:
- India (163.7 tons)
- Malaysia (151.7 tons)
- Thailand (68.4 tons)
- Japan (68.3 tons)
- Tanzania (33.1 tons)
- Myanmar (7.8 tons)
- Kenya (1.7 tons)
- Singapore (1.4 tons)
655
This report provides an in-depth analysis of the market for tree, flower and other seeds, fruits and spores for sowing in the Philippines.
2286
This report provides an in-depth analysis of the global market for tree, flower and other seeds, fruits and spores for sowing.
655
This report provides an in-depth analysis of the market for tree, flower and other seeds, fruits and spores for sowing in the Philippines.
2286
This report provides an in-depth analysis of the global market for tree, flower and other seeds, fruits and spores for sowing.
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