Philippines - Mushrooms And Truffles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMushroom and Truffle Price in the Philippines - 2023
Contents:
- Mushroom and Truffle Price in the Philippines (CIF) - 2023
- Mushroom and Truffle Price in the Philippines (FOB) - 2022
- Mushroom and Truffle Imports in the Philippines
- Mushroom and Truffle Exports in the Philippines
Mushroom and Truffle Price in the Philippines (CIF) - 2023
In July 2023, the average mushroom and truffle import price amounted to $3,182 per ton, approximately equating the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in June 2023 an increase of 12% m-o-m. As a result, import price attained the peak level of $3,206 per ton, leveling off in the following month.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to July 2023, the rate of growth in terms of prices for China amounted to +1.7% per month.
Mushroom and Truffle Price in the Philippines (FOB) - 2022
The average mushroom and truffle export price stood at $6,611 per ton in 2022, with a decrease of -93.5% against the previous year. Overall, the export price, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 an increase of 2,266% against the previous year. As a result, the export price reached the peak level of $101,698 per ton, and then fell rapidly in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Kuwait amounted to -17.4% per year.
Mushroom and Truffle Imports in the Philippines
In 2022, approx. 2K tons of mushrooms and truffles were imported into the Philippines; with an increase of 13% compared with 2021 figures. In general, imports, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year.
In value terms, mushroom and truffle imports contracted to $5.4M in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of $6M, and then contracted in the following year.
| Import of Mushroom and Truffle in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.7 | 4.3 | 5.7 | 5.3 | 4.1% |
| Others | 0.4 | 0.3 | 0.3 | 0.1 | -37.0% |
| Total | 5.1 | 4.6 | 6.0 | 5.4 | 1.9% |
Top Suppliers of Mushroom and Truffle to the Philippines in 2022:
- China (1958.2 tons)
Mushroom and Truffle Exports in the Philippines
Mushroom and truffle exports from the Philippines surged to 95 kg in 2022, growing by 121% on the previous year. Over the period under review, exports, however, showed a precipitous setback. The pace of growth was the most pronounced in 2020 when exports increased by 149%. As a result, the exports reached the peak of 1.2 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, mushroom and truffle exports fell rapidly to $628 in 2022. Overall, exports, however, saw a dramatic downturn. The growth pace was the most rapid in 2020 with an increase of 124%. As a result, the exports attained the peak of $5.2K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Mushroom and Truffle in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 628 | 0% |
| United Arab Emirates | 1,312 | 1,853 | 330 | N/A | -49.8% |
| United Kingdom | N/A | 3,046 | N/A | N/A | 0% |
| Papua New Guinea | 36.0 | N/A | N/A | N/A | 0% |
| Kuwait | 133 | 106 | 6.0 | N/A | -78.8% |
| Singapore | N/A | 1.0 | N/A | N/A | 0% |
| Bahrain | 830 | N/A | N/A | N/A | 0% |
| Others | N/A | 173 | 4,037 | N/A | 2233.5% |
| Total | 2,311 | 5,179 | 4,373 | 628 | -35.2% |
Top Export Markets for Mushroom and Truffle from the Philippines in 2022:
- United States (95.0 kg)
This report provides an in-depth analysis of the mushroom and truffle 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 449 - Mushrooms
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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