Philippines - Dry Vegetable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDry Vegetable Price in the Philippines - 2023
Contents:
- Dry Vegetable Price in the Philippines (CIF) - 2023
- Dry Vegetable Price in the Philippines (FOB) - 2022
- Dry Vegetable Imports in the Philippines
- Dry Vegetable Exports in the Philippines
Dry Vegetable Price in the Philippines (CIF) - 2023
In July 2023, the average dry vegetable import price amounted to $2,628 per ton, declining by -2.2% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 29% month-to-month. The import price peaked at $2,754 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Egypt ($6,300 per ton), while the price for India ($2,121 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Egypt (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Dry Vegetable Price in the Philippines (FOB) - 2022
The average dry vegetable export price stood at $5,646 per ton in 2022, rising by 12% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price 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, dry vegetable export price decreased by -31.6% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 38%. The export price peaked at $8,254 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($8,953 per ton), while the average price for exports to Australia ($3,539 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 Indonesia (+28.5%), while the prices for the other major destinations experienced more modest paces of growth.
Dry Vegetable Imports in the Philippines
In 2022, supplies from abroad of dry vegetables was finally on the rise to reach 11K tons after two years of decline. Over the period under review, imports, however, recorded a abrupt shrinkage.
In value terms, dry vegetable imports soared to $27M in 2022. The total import value increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Dry Vegetable in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.3 | 11.9 | 14.1 | 16.5 | 10.3% |
| United States | 6.7 | 5.0 | 4.8 | 6.8 | 0.5% |
| India | 1.5 | 1.9 | 2.0 | 1.9 | 8.2% |
| Egypt | 0.1 | 0.2 | 0.4 | 1.1 | 122.4% |
| Canada | 0.8 | 0.1 | N/A | N/A | -87.5% |
| Others | 0.5 | 0.5 | 0.7 | 0.5 | 0.0% |
| Total | 21.9 | 19.7 | 22.0 | 26.8 | 7.0% |
Top Suppliers of Dry Vegetable to the Philippines in 2022:
- China (8.1K tons)
- United States (1.4K tons)
- India (0.9K tons)
- Egypt (0.4K tons)
Dry Vegetable Exports in the Philippines
In 2022, approx. 263 tons of dry vegetables were exported from the Philippines; falling by -21.7% compared with 2021 figures. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 55% against the previous year. As a result, the exports attained the peak of 336 tons, and then reduced dramatically in the following year.
In value terms, dry vegetable exports shrank to $1.5M in 2022. In general, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 28%.
| Export of Dry Vegetable in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,963 | 1,002 | 1,234 | 837 | -24.7% |
| Japan | 1.0 | 64.0 | 9.5 | 354 | 607.4% |
| United States | 7.5 | 21.6 | 99.9 | 129 | 158.1% |
| Australia | N/A | 37.9 | 33.6 | 33.7 | -5.7% |
| United Kingdom | N/A | N/A | 8.5 | 33.7 | 296.5% |
| Canada | N/A | 3.9 | 22.6 | 29.3 | 174.1% |
| Indonesia | N/A | 160 | N/A | N/A | 0% |
| Myanmar | N/A | 21.2 | 53.6 | N/A | 152.8% |
| Others | 14.9 | 23.2 | 241 | 70.9 | 68.2% |
| Total | 1,986 | 1,333 | 1,703 | 1,488 | -9.2% |
Top Export Markets for Dry Vegetable from the Philippines in 2022:
- Thailand (162.6 tons)
- Japan (39.5 tons)
- United States (25.5 tons)
- Australia (9.5 tons)
- United Kingdom (7.8 tons)
- Canada (7.5 tons)
This report provides an in-depth analysis of the dry vegetable market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 469 - Vegetables, Dehydrated
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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