Philippines - Mangoes, Mangosteens And Guavas - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMango and Mangosteen Price in the Philippines - 2023
Contents:
- Mango and Mangosteen Price in the Philippines (FOB) - 2022
- Mango and Mangosteen Price in the Philippines (CIF) - 2022
- Mango and Mangosteen Exports in the Philippines
- Mango and Mangosteen Imports in the Philippines
Mango and Mangosteen Price in the Philippines (FOB) - 2022
The average mango and mangosteen export price stood at $1,734 per ton in 2022, shrinking by -12.2% against the previous year. Overall, the export price showed a perceptible contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 44%. Over the period under review, the average export prices reached the peak figure at $3,919 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($1,733 per ton) and Canada ($1,733 per ton), while the average price for exports to Singapore ($1,733 per ton) and the UK ($1,733 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+9.1%), while the prices for the other major destinations experienced a decline.
Mango and Mangosteen Price in the Philippines (CIF) - 2022
In 2022, the average mango and mangosteen import price amounted to $2,922 per ton, reducing by -8.4% against the previous year. Overall, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of 1,585% against the previous year. As a result, import price attained the peak level of $21,159 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Cambodia ($2,922 per ton), while the price for the United States ($2,921 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Mango and Mangosteen Exports in the Philippines
In 2022, shipments abroad of mangoes, mangosteens and guavas decreased by -19.3% to 25K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 8.5% against the previous year.
In value terms, mango and mangosteen exports shrank remarkably to $43M in 2022. In general, exports saw a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 10% against the previous year. As a result, the exports attained the peak of $68M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Mango and Mangosteen in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 19.8 | 12.9 | 11.3 | 10.8 | -18.3% |
| United States | 13.3 | 25.4 | 23.2 | 8.8 | -12.9% |
| Japan | 8.0 | 11.0 | 13.7 | 8.6 | 2.4% |
| Canada | 5.0 | 7.5 | 3.4 | 4.3 | -4.9% |
| South Korea | 5.6 | 4.5 | 3.1 | 4.3 | -8.4% |
| United Kingdom | 0.8 | 0.8 | 2.1 | 1.1 | 11.2% |
| Singapore | 1.6 | 0.5 | N/A | 0.9 | -17.5% |
| China | 2.2 | 1.5 | 1.2 | 0.9 | -25.8% |
| Others | 5.1 | 3.6 | 3.2 | 3.8 | -9.3% |
| Total | 61.5 | 67.7 | 61.2 | 43.3 | -11.0% |
Top Export Markets for Mango and Mangosteen from the Philippines in 2022:
- Hong Kong SAR (6.2K tons)
- United States (5.0K tons)
- Japan (5.0K tons)
- Canada (2.5K tons)
- South Korea (2.5K tons)
- United Kingdom (0.7K tons)
- Singapore (0.5K tons)
- China (0.5K tons)
Mango and Mangosteen Imports in the Philippines
In 2022, purchases abroad of mangoes, mangosteens and guavas decreased by -27.5% to 1.2K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 2,801% against the previous year. As a result, imports reached the peak of 1.6K tons, and then dropped dramatically in the following year.
In value terms, mango and mangosteen imports shrank remarkably to $3.5M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 3,449%. As a result, imports attained the peak of $5.2M, and then fell rapidly in the following year.
| Import of Mango and Mangosteen in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 0.1 | 0.1 | 4.4 | 3.5 | 227.1% |
| United States | N/A | N/A | 0.8 | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 0.1 | 0.1 | 5.2 | 3.5 | 227.1% |
Top Suppliers of Mango and Mangosteen to the Philippines in 2022:
- Cambodia (1185.0 tons)
- United States (0.7 tons)
This report provides an in-depth analysis of the mango and mangosteen 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 571 - Mangoes
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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