Price for Melons (Including Watermelons) and Papaws (Papayas); Fresh in the Philippines - 2023

Contents:

  1. Price for Melons (Including Watermelons) and Papaws (Papayas); Fresh in the Philippines (FOB) - 2022
  2. Exports of Melons (Including Watermelons) and Papaws (Papayas); Fresh in the Philippines

Price for Melons (Including Watermelons) and Papaws (Papayas); Fresh in the Philippines (FOB) - 2022

In 2022, the average export price for melons (including watermelons) and papaws (papayas); freshes amounted to $1,371 per ton, which is down by -23.1% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for melons (including watermelons) and papaws (papayas); freshes increased by +40.8% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 62% against the previous year. As a result, the export price reached the peak level of $1,783 per ton, and then shrank remarkably in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Malaysia ($1,373 per ton) and Hong Kong SAR ($1,373 per ton), while the average price for exports to Japan ($1,362 per ton) and Singapore ($1,373 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 Hong Kong SAR (+28.2%), while the prices for the other major destinations experienced more modest paces of growth.

Exports of Melons (Including Watermelons) and Papaws (Papayas); Fresh in the Philippines

In 2022, the amount of melons (including watermelons) and papaws (papayas); freshes exported from the Philippines soared to 5.1K tons, rising by 75% compared with 2021 figures. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of melons (including watermelons) and papaws (papayas); freshes skyrocketed to $7.1M in 2022. The total export value increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Melons (Including Watermelons) and Papaws (Papayas); Fresh in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,7751,5831,8622,78716.2%
Singapore4125239061,40350.4%
Japan1,6501,8701,0111,097-12.7%
Hong Kong SAR7.4648472694354.3%
New Zealand696486486629-3.3%
South Korea694302267268-27.2%
MalaysiaN/A73.841.512329.1%
Others58.215319754.0-2.5%
Total5,2935,6385,2437,05510.1%

Top Export Markets for Melons (Including Watermelons) and Papaws (Papayas); Fresh from the Philippines in 2022:

  1. China (2030.1 tons)
  2. Singapore (1022.3 tons)
  3. Japan (805.6 tons)
  4. Hong Kong SAR (505.6 tons)
  5. New Zealand (458.2 tons)
  6. South Korea (195.1 tons)
  7. Malaysia (89.5 tons)

Source: IndexBox Market Intelligence Platform

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