Price for Wine; Still, in Containers Holding 2 Litres or Less in the Philippines - 2023
Contents:
- Price for Wine; Still, in Containers Holding 2 Litres or Less in the Philippines (CIF) - 2023
- Price for Wine; Still, in Containers Holding 2 Litres or Less in the Philippines (FOB) - 2022
- Imports of Wine; Still, in Containers Holding 2 Litres or Less in the Philippines
- Exports of Wine; Still, in Containers Holding 2 Litres or Less in the Philippines
Price for Wine; Still, in Containers Holding 2 Litres or Less in the Philippines (CIF) - 2023
In November 2023, the average import price for wine; still, in containers holding 2 litres or lesses amounted to $3.3 per litre, which is down by -8.7% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in February 2023 an increase of 20% m-o-m. Over the period under review, average import prices attained the peak figure at $3.6 per litre in October 2023, and then dropped in the following month.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($5.0 per litre), while the price for Portugal ($2.1 per litre) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by South Africa (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wine; Still, in Containers Holding 2 Litres or Less in the Philippines (FOB) - 2022
The average export price for wine; still, in containers holding 2 litres or lesses stood at $4.9 per litre in 2022, picking up by 157% against the previous year. Overall, the export price recorded resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($7.9 per litre), while the average price for exports to the United Arab Emirates totaled $2.5 per litre.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wine; Still, in Containers Holding 2 Litres or Less in the Philippines
In 2022, approx. 16M litres of wine; still, in containers holding 2 litres or lesses were imported into the Philippines; rising by 68% on the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. Imports peaked at 17M litres in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of wine; still, in containers holding 2 litres or lesses skyrocketed to $49M in 2022. Overall, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Wine; Still, in Containers Holding 2 Litres or Less in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 17.1 | 7.2 | 7.8 | 19.6 | 4.7% |
| Australia | 8.3 | 5.2 | 8.0 | 11.3 | 10.8% |
| Spain | 3.6 | 2.3 | 2.3 | 4.8 | 10.1% |
| France | 2.3 | 2.0 | 3.0 | 4.1 | 21.3% |
| Chile | 2.4 | 1.8 | 1.6 | 2.9 | 6.5% |
| Italy | 1.6 | 1.3 | 1.2 | 2.1 | 9.5% |
| South Africa | 1.5 | 0.5 | 0.7 | 1.6 | 2.2% |
| Others | 3.0 | 1.6 | 1.9 | 3.1 | 1.1% |
| Total | 39.8 | 21.8 | 26.5 | 49.4 | 7.5% |
Top Suppliers of Wine; Still, in Containers Holding 2 Litres or Less to the Philippines in 2022:
- United States (6.1M litres)
- Australia (3.1M litres)
- Spain (2.5M litres)
- Chile (1.3M litres)
- Italy (0.9M litres)
- France (0.9M litres)
- South Africa (0.7M litres)
Exports of Wine; Still, in Containers Holding 2 Litres or Less in the Philippines
In 2022, exports of wine; still, in containers holding 2 litres or lesses from the Philippines fell markedly to 91K litres, with a decrease of -50.2% against the previous year's figure. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 287% against the previous year. As a result, the exports reached the peak of 182K litres, and then fell rapidly in the following year.
In value terms, exports of wine; still, in containers holding 2 litres or lesses surged to $441K in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 180%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Wine; Still, in Containers Holding 2 Litres or Less in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | 6.8 | N/A | 311 | 576.3% |
| United Arab Emirates | N/A | 116 | 167 | 128 | 5.0% |
| South Korea | N/A | N/A | 12.8 | N/A | 0% |
| Vietnam | 66.6 | N/A | N/A | N/A | 0% |
| United States | N/A | N/A | 29.8 | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | 135 | N/A | 0% |
| Others | 48.1 | N/A | N/A | 2.6 | -62.2% |
| Total | 115 | 123 | 344 | 441 | 56.5% |
Top Export Markets for Wine; Still, in Containers Holding 2 Litres or Less from the Philippines in 2022:
- United Arab Emirates (50.6K litres)
- Hong Kong SAR (39.2K litres)
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