Philippines - Frozen Fruits And Vegetables - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Frozen Fruits and Vegetables in the Philippines - 2023
Contents:
- Price for Frozen Fruits and Vegetables in the Philippines (CIF) - 2022
- Price for Frozen Fruits and Vegetables in the Philippines (FOB) - 2022
- Imports of Frozen Fruits and Vegetables in the Philippines
- Exports of Frozen Fruits and Vegetables in the Philippines
Price for Frozen Fruits and Vegetables in the Philippines (CIF) - 2022
The average frozen fruits and vegetables import price stood at $1,334 per ton in 2022, jumping by 22% against the previous year. Over the last decade, it increased at an average annual rate of +5.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were New Zealand ($1,550 per ton) and the United States ($1,521 per ton), while the price for China ($1,136 per ton) and Belgium ($1,229 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Fruits and Vegetables in the Philippines (FOB) - 2022
In 2022, the average frozen fruits and vegetables export price amounted to $2,596 per ton, with an increase of 6.9% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fruits and vegetables export price increased by +107.0% against 2016 indices. The pace of growth appeared the most rapid in 2019 an increase of 30% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($2,659 per ton) and the Netherlands ($2,657 per ton), while the average price for exports to the United States ($2,448 per ton) and Canada ($2,496 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 Thailand (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Fruits and Vegetables in the Philippines
In 2022, imports of frozen fruits and vegetables into the Philippines surged to 175K tons, picking up by 17% on the previous year. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern 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, frozen fruits and vegetables imports surged to $233M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Fruits and Vegetables in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 83.8 | 45.4 | 67.2 | 86.8 | 1.2% |
| China | 10.5 | 18.5 | 24.2 | 46.6 | 64.3% |
| India | 2.6 | 7.5 | 19.8 | 42.2 | 153.2% |
| Belgium | 26.0 | 27.0 | 18.3 | 25.7 | -0.4% |
| Netherlands | 28.5 | 19.7 | 16.9 | 10.7 | -27.9% |
| Canada | 13.8 | 5.5 | 3.7 | 7.2 | -19.5% |
| New Zealand | 8.9 | 3.8 | 5.6 | 6.1 | -11.8% |
| Others | 5.6 | 3.2 | 8.0 | 8.2 | 13.6% |
| Total | 180 | 131 | 164 | 233 | 9.0% |
Top Suppliers of Frozen Fruits and Vegetables to the Philippines in 2022:
- United States (57.0K tons)
- China (41.0K tons)
- India (34.2K tons)
- Belgium (20.9K tons)
- Netherlands (8.3K tons)
- Canada (5.0K tons)
- New Zealand (3.9K tons)
Exports of Frozen Fruits and Vegetables in the Philippines
For the fourth consecutive year, the Philippines recorded growth in shipments abroad of frozen fruits and vegetables, which increased by 54% to 17K tons in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen fruits and vegetables exports surged to $45M in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Frozen Fruits and Vegetables in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.7 | 4.8 | 7.0 | 18.4 | 70.7% |
| United States | 2.8 | 5.4 | 7.1 | 8.8 | 46.5% |
| Canada | 1.6 | 2.9 | 2.6 | 2.8 | 20.5% |
| United Kingdom | 0.1 | 0.1 | 1.8 | 2.8 | 203.7% |
| Thailand | 0.6 | 1.7 | 1.2 | 2.7 | 65.1% |
| China | 0.4 | 0.2 | 0.3 | 2.0 | 71.0% |
| Australia | 1.0 | 1.8 | 1.6 | 1.7 | 19.3% |
| Hong Kong SAR | 0.6 | 0.6 | 1.1 | 0.9 | 14.5% |
| South Korea | 0.4 | 0.7 | 0.5 | 0.8 | 26.0% |
| Netherlands | N/A | 0.3 | 0.5 | 0.7 | 52.8% |
| France | 0.5 | 0.9 | 0.9 | 0.6 | 6.3% |
| United Arab Emirates | 5.6 | 0.7 | 0.4 | 0.5 | -55.3% |
| Qatar | 0.4 | 0.5 | 0.2 | 0.1 | -37.0% |
| Others | 1.8 | 1.6 | 1.9 | 1.8 | 0.0% |
| Total | 19.4 | 22.3 | 27.1 | 44.6 | 32.0% |
Top Export Markets for Frozen Fruits and Vegetables from the Philippines in 2022:
- Qatar (undefinedK tons)
- Japan (6.9K tons)
- United States (3.6K tons)
- Canada (1.1K tons)
- United Kingdom (1.0K tons)
- Thailand (1.0K tons)
- China (0.7K tons)
- Australia (0.6K tons)
- Netherlands (0.3K tons)
- South Korea (0.3K tons)
- Hong Kong SAR (0.3K tons)
- United Arab Emirates (0.2K tons)
- France (0.2K tons)
This report provides an in-depth analysis of the market for frozen fruits and vegetables 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 447 - Sweet Corn, Frozen
- FCL 473 - Vegetables, Frozen
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
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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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