Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in the Philippines - 2023
Contents:
- Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in the Philippines (FOB) - 2022
- Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in the Philippines (CIF) - 2022
- Exports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in the Philippines
- Imports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in the Philippines
Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in the Philippines (FOB) - 2022
In 2022, the average export price for leguminous vegetables; shelled or unshelled, fresh or chilleds amounted to $2,206 per ton, surging by 8.3% against the previous year. In general, the export price recorded a pronounced increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 69% against the previous year. As a result, the export price attained the peak level of $2,858 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($2,510 per ton) and Australia ($2,359 per ton), while the average price for exports to the United States ($1,919 per ton) and the United Arab Emirates ($2,167 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 the United States (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in the Philippines (CIF) - 2022
In 2022, the average import price for leguminous vegetables; shelled or unshelled, fresh or chilleds amounted to $1,005 per ton, with a decrease of -7.7% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for leguminous vegetables; shelled or unshelled, fresh or chilleds decreased by -9.5% against 2019 indices. The growth pace was the most rapid in 2018 when the average import price increased by 26% against the previous year. The import price peaked at $1,110 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, 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 Canada amounted to +11.8% per year.
Exports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in the Philippines
In 2022, exports of leguminous vegetables; shelled or unshelled, fresh or chilleds from the Philippines declined dramatically to 13 tons, reducing by -68.2% against 2021 figures. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 3,673% against the previous year. As a result, the exports attained the peak of 40 tons, and then declined remarkably in the following year.
In value terms, exports of leguminous vegetables; shelled or unshelled, fresh or chilleds dropped sharply to $28K in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 2,858% against the previous year. As a result, the exports attained the peak of $82K, and then shrank significantly in the following year.
| Export of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | 0.4 | 31.7 | 12.4 | 456.8% |
| United States | N/A | 0.8 | 35.4 | 11.6 | 280.8% |
| Australia | 1.3 | N/A | 2.8 | 2.5 | 24.4% |
| United Arab Emirates | 0.2 | N/A | N/A | 0.9 | 65.1% |
| Hong Kong SAR | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Saudi Arabia | 3.8 | 1.0 | 1.5 | 0.1 | -70.3% |
| Thailand | N/A | N/A | 3.1 | N/A | 0% |
| Italy | N/A | N/A | 2.8 | N/A | 0% |
| Others | 0.7 | 0.6 | 4.4 | N/A | 150.7% |
| Total | 6.1 | 2.8 | 81.6 | 28.1 | 66.4% |
Top Export Markets for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled from the Philippines in 2022:
- United States (6.0 tons)
- Canada (4.9 tons)
- Australia (1.1 tons)
- United Arab Emirates (0.4 tons)
- Hong Kong SAR (0.2 tons)
Imports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in the Philippines
In 2022, purchases abroad of leguminous vegetables; shelled or unshelled, fresh or chilleds decreased by -99.8% to 407 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a dramatic descent. The pace of growth was the most pronounced in 2020 with an increase of 114%.
In value terms, imports of leguminous vegetables; shelled or unshelled, fresh or chilleds shrank notably to $409 in 2022. Over the period under review, imports continue to indicate a dramatic descent. The pace of growth was the most pronounced in 2020 with an increase of 96% against the previous year.
| Import of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 61.6 | 174 | 197 | 0.4 | -81.3% |
| China | 3.4 | 13.6 | 55.1 | N/A | 302.6% |
| Others | 32.1 | 2.9 | 3.8 | N/A | -65.6% |
| Total | 97.1 | 190 | 256 | 0.4 | -84.0% |
Top Suppliers of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled to the Philippines in 2022:
- United States (407.0 kg)
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