Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the Philippines - 2023
Contents:
- Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the Philippines (CIF) - 2022
- Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the Philippines (FOB) - 2022
- Imports of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the Philippines
- Exports of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the Philippines
Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the Philippines (CIF) - 2022
In 2022, the average import price for nuts, edible; mixtures of nuts or dried fruits of chapter 8 amounted to $7,832 per ton, with an increase of 8.5% against the previous year. Over the period under review, the import price recorded a significant increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 109% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($7,834 per ton) and Australia ($7,833 per ton), while the price for Germany ($7,830 per ton) and South Africa ($7,830 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+54.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the Philippines (FOB) - 2022
The average export price for nuts, edible; mixtures of nuts or dried fruits of chapter 8 stood at $8,000 per ton in 2022, which is down by -6.6% against the previous year. Overall, the export price, however, posted resilient growth. The pace of growth was the most pronounced in 2021 an increase of 304% against the previous year. As a result, the export price reached the peak level of $8,568 per ton, and then fell in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($8,000 per ton), while the average price for exports to the United Arab Emirates stood at $8,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+34.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the Philippines
In 2022, imports of nuts, edible; mixtures of nuts or dried fruits of chapter 8 into the Philippines rose markedly to 19 tons, growing by 6.6% on the previous year. Over the period under review, imports, however, faced a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 59% against the previous year.
In value terms, imports of nuts, edible; mixtures of nuts or dried fruits of chapter 8 soared to $148K in 2022. Overall, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by 81% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | 2.8 | 42.4 | 1414.3% |
| United States | 29.7 | 14.3 | 38.7 | 38.1 | 8.7% |
| Thailand | 19.1 | 35.8 | 18.2 | 27.8 | 13.3% |
| Germany | 17.0 | 8.9 | 16.2 | 13.9 | -6.5% |
| Spain | N/A | N/A | N/A | 11.5 | 0% |
| South Africa | 6.3 | 11.8 | 12.5 | 7.5 | 6.0% |
| South Korea | 0.7 | N/A | 19.9 | 7.2 | 117.5% |
| Switzerland | 2.2 | N/A | 15.0 | N/A | 161.1% |
| Others | 11.8 | N/A | 4.9 | N/A | -35.6% |
| Total | 86.8 | 70.9 | 128 | 148 | 19.5% |
Top Suppliers of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 to the Philippines in 2022:
- Australia (5.4 tons)
- United States (4.9 tons)
- Thailand (3.6 tons)
- Germany (1.8 tons)
- Spain (1.5 tons)
- South Africa (1.0 tons)
- South Korea (0.9 tons)
Exports of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the Philippines
In 2022, overseas shipments of nuts, edible; mixtures of nuts or dried fruits of chapter 8 decreased by -97.4% to 677 kg, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of 93%. As a result, the exports reached the peak of 278 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of nuts, edible; mixtures of nuts or dried fruits of chapter 8 declined dramatically to $5.4K in 2022. Over the period under review, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 18% against the previous year. As a result, the exports attained the peak of $589K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 56.8 | 86.9 | 1.7 | 4.0 | -58.7% |
| United States | 15.1 | N/A | N/A | 1.4 | -54.7% |
| Hong Kong SAR | 56.7 | 69.7 | 97.3 | N/A | 31.0% |
| Japan | 246 | 35.6 | 125 | N/A | -28.7% |
| China | 62.7 | N/A | N/A | N/A | 0% |
| Canada | 60.9 | 397 | N/A | N/A | 551.9% |
| Others | 0.2 | 0.3 | 0.8 | N/A | 100.0% |
| Total | 499 | 589 | 225 | 5.4 | -77.9% |
Top Export Markets for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 from the Philippines in 2022:
- United Arab Emirates (497.0 kg)
- United States (180.0 kg)
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