Price for Grapes; Fresh or Dried in the Philippines - 2023
Contents:
- Price for Grapes; Fresh or Dried in the Philippines (CIF) - 2023
- Price for Grapes; Fresh or Dried in the Philippines (FOB) - 2022
- Imports of Grapes; Fresh or Dried in the Philippines
- Exports of Grapes; Fresh or Dried in the Philippines
Price for Grapes; Fresh or Dried in the Philippines (CIF) - 2023
In July 2023, the average grapes; fresh or dried import price amounted to $2,611 per ton, standing approximately at the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 12% m-o-m. As a result, import price reached the peak level of $2,618 per ton, leveling off in the following month.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Australia ($2,662 per ton) and China ($2,652 per ton), while the price for India ($2,002 per ton) and the United States ($2,002 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Australia (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Grapes; Fresh or Dried in the Philippines (FOB) - 2022
In 2022, the average grapes; fresh or dried export price amounted to $2,045 per ton, waning by -14.1% against the previous year. Over the period under review, the export price, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2014 an increase of 599%. The export price peaked at $8,389 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Hong Kong SAR ($2,045 per ton) and Bahrain ($2,045 per ton), while the average price for exports to Qatar ($2,044 per ton) and the United Arab Emirates ($2,045 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 Qatar (+47.9%), while the prices for the other major destinations experienced a decline.
Imports of Grapes; Fresh or Dried in the Philippines
In 2022, after three years of growth, there was significant decline in overseas purchases of grapes; fresh or drieds, when their volume decreased by -23% to 52K tons. Overall, imports showed a mild slump. The pace of growth appeared the most rapid in 2020 when imports increased by 17%.
In value terms, grapes; fresh or dried imports shrank sharply to $120M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 19%.
| Import of Grapes; Fresh or Dried in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 55.8 | 97.9 | 117 | 78.4 | 12.0% |
| Australia | 16.7 | 17.8 | 21.1 | 22.3 | 10.1% |
| United States | 41.1 | 23.9 | 18.6 | 16.4 | -26.4% |
| Chile | 4.6 | 1.6 | 2.7 | 1.3 | -34.4% |
| Others | 0.7 | 0.3 | 0.7 | 1.3 | 22.9% |
| Total | 119 | 141 | 160 | 120 | 0.3% |
Top Suppliers of Grapes; Fresh or Dried to the Philippines in 2022:
- China (33.0K tons)
- Australia (9.4K tons)
- United States (7.9K tons)
- Chile (0.5K tons)
Exports of Grapes; Fresh or Dried in the Philippines
For the fourth year in a row, the Philippines recorded growth in overseas shipments of grapes; fresh or drieds, which increased by 16% to 32 tons in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 6,410% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, grapes; fresh or dried exports fell to $66K in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 6,632%.
| Export of Grapes; Fresh or Dried in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.1 | 8.6 | 49.2 | 54.4 | 716.3% |
| Hong Kong SAR | N/A | N/A | 2.7 | 5.8 | 114.8% |
| Qatar | N/A | N/A | 5.1 | 2.8 | -45.1% |
| Bahrain | N/A | 0.2 | 2.2 | 2.7 | 267.4% |
| Kuwait | N/A | N/A | 2.3 | N/A | 0% |
| Sweden | N/A | N/A | 4.4 | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 0.1 | 9.0 | 65.8 | 65.7 | 769.3% |
Top Export Markets for Grapes; Fresh or Dried from the Philippines in 2022:
- United Arab Emirates (26.6 tons)
- Hong Kong SAR (2.8 tons)
- Qatar (1.4 tons)
- Bahrain (1.3 tons)
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