Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in the Philippines - 2024
Contents:
- Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in the Philippines (CIF) - 2022
- Imports of Nuts, Edible; Almonds, Fresh or Dried, Shelled in the Philippines
Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in the Philippines (CIF) - 2022
The average import price for nuts, edible; almonds, fresh or dried, shelleds stood at $5,776 per ton in 2022, remaining relatively unchanged against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 nuts, edible; almonds, fresh or dried, shelleds decreased by -9.8% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 34% against the previous year. The import price peaked at $10,000 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($5,776 per ton) and Australia ($5,776 per ton), while the price for Thailand ($5,776 per ton) and Indonesia ($5,776 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Nuts, Edible; Almonds, Fresh or Dried, Shelled in the Philippines
In 2022, approx. 962 tons of nuts, edible; almonds, fresh or dried, shelleds were imported into the Philippines; surging by 38% on the previous year. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of nuts, edible; almonds, fresh or dried, shelleds skyrocketed to $5.6M in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Nuts, Edible; Almonds, Fresh or Dried, Shelled in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1,749 | 2,416 | 2,478 | 2,664 | 15.1% |
Indonesia | 374 | 81.0 | 308 | 1,208 | 47.8% |
Thailand | 137 | 100 | 161 | 876 | 85.6% |
Australia | 1,189 | 900 | 866 | 620 | -19.5% |
Vietnam | 915 | 360 | 241 | 188 | -41.0% |
Uruguay | 552 | N/A | N/A | N/A | 0% |
Others | 161 | 107 | 8.6 | 1.6 | -78.5% |
Total | 5,076 | 3,964 | 4,062 | 5,557 | 3.1% |
Top Suppliers of Nuts, Edible; Almonds, Fresh or Dried, Shelled to the Philippines in 2022:
- United States (461.2 tons)
- Indonesia (209.1 tons)
- Thailand (151.7 tons)
- Australia (107.3 tons)
- Vietnam (32.5 tons)
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