Price for Citrus Fruits Not Elsewhere Classified in the Philippines - 2023
Contents:
- Price for Citrus Fruits Not Elsewhere Classified in the Philippines (FOB) - 2022
- Price for Citrus Fruits Not Elsewhere Classified in the Philippines (CIF) - 2022
- Exports of Citrus Fruits Not Elsewhere Classified in the Philippines
- Imports of Citrus Fruits Not Elsewhere Classified in the Philippines
Price for Citrus Fruits Not Elsewhere Classified in the Philippines (FOB) - 2022
In 2022, the average export price for citrus fruits not elsewhere classified amounted to $1,794 per ton, surging by 28% against the previous year. Over the period under review, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 47% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($1,969 per ton), while the average price for exports to Canada ($712 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 Thailand (+37.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Citrus Fruits Not Elsewhere Classified in the Philippines (CIF) - 2022
The average import price for citrus fruits not elsewhere classified stood at $1,988 per ton in 2022, surging by 14% against the previous year. Overall, the import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of 55% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +21.9% per year.
Exports of Citrus Fruits Not Elsewhere Classified in the Philippines
For the third consecutive year, the Philippines recorded decline in shipments abroad of citrus fruits not elsewhere classified, which decreased by -39.5% to 5 tons in 2022. Over the period under review, exports continue to indicate a precipitous decrease. The smallest decline of -24.9% was in 2020.
In value terms, citrus fruits not elsewhere classified exports dropped rapidly to $9K in 2022. Overall, exports faced a deep downturn. The smallest decline of -11.8% was in 2021.
| Export of Citrus Fruits Not Elsewhere Classified in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.2 | 4.5 | 4.8 | 2.9 | -17.7% |
| Australia | 0.2 | 0.1 | 0.1 | 2.4 | 128.9% |
| Thailand | N/A | N/A | N/A | 2.1 | 0% |
| Russia | 1.7 | 1.8 | 1.3 | 0.6 | -29.3% |
| Canada | 2.0 | 0.5 | 0.3 | 0.5 | -37.0% |
| Samoa | N/A | N/A | N/A | 0.5 | 0% |
| Hong Kong SAR | 0.6 | 2.0 | 0.1 | N/A | -59.2% |
| South Korea | 0.7 | 0.8 | 1.3 | N/A | 36.3% |
| Germany | 2.2 | 1.3 | 0.9 | N/A | -36.0% |
| China | 0.5 | 0.6 | 0.8 | N/A | 26.5% |
| Japan | 1.3 | 1.2 | 1.5 | N/A | 7.4% |
| Others | 0.5 | 0.4 | 0.4 | N/A | -10.6% |
| Total | 14.9 | 13.1 | 11.6 | 9.0 | -15.5% |
Top Export Markets for Citrus Fruits Not Elsewhere Classified from the Philippines in 2022:
- United States (1488.0 kg)
- Australia (1207.0 kg)
- Thailand (1061.0 kg)
- Canada (695.0 kg)
- Russia (302.0 kg)
- Samoa (254.0 kg)
Imports of Citrus Fruits Not Elsewhere Classified in the Philippines
In 2022, supplies from abroad of citrus fruits not elsewhere classified was finally on the rise to reach 17 tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, citrus fruits not elsewhere classified imports soared to $34K in 2022. Over the period under review, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Citrus Fruits Not Elsewhere Classified in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.0 | 2.6 | 2.0 | 33.7 | 124.0% |
| Switzerland | 0.5 | 0.6 | 0.6 | N/A | 9.5% |
| China | 16.7 | 15.7 | 12.8 | N/A | -12.5% |
| United States | 1.7 | 1.0 | 1.0 | N/A | -23.3% |
| Others | 0.2 | 0.6 | 1.0 | N/A | 123.6% |
| Total | 22.1 | 20.4 | 17.5 | 33.7 | 15.1% |
Top Suppliers of Citrus Fruits Not Elsewhere Classified to the Philippines in 2022:
- Japan (17.0 tons)
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