Price for Wine; Still, in Containers Holding More than 2 Litres in the Philippines - 2023
Contents:
- Price for Wine; Still, in Containers Holding More than 2 Litres in the Philippines (CIF) - 2023
- Price for Wine; Still, in Containers Holding More than 2 Litres in the Philippines (FOB) - 2022
- Imports of Wine; Still, in Containers Holding More than 2 Litres in the Philippines
- Exports of Wine; Still, in Containers Holding More than 2 Litres in the Philippines
Price for Wine; Still, in Containers Holding More than 2 Litres in the Philippines (CIF) - 2023
The average import price for wine; still, in containers holding more than 2 litreses stood at $1.4 per litre in November 2023, dropping by -6.9% against the previous month. Overall, the import price recorded a slight downturn. The growth pace was the most rapid in December 2022 an increase of 62% against the previous month. As a result, import price attained the peak level of $2.7 per litre. From January 2023 to November 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($1.6 per litre), while the price for Chile ($978 per thousand litres) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Spain (+11.9%), while the prices for the other major suppliers experienced a decline.
Price for Wine; Still, in Containers Holding More than 2 Litres in the Philippines (FOB) - 2022
The average export price for wine; still, in containers holding more than 2 litreses stood at $0.7 per litre in 2022, falling by -80.4% against the previous year. In general, the export price showed a deep setback. The pace of growth appeared the most rapid in 2020 when the average export price increased by 134%. As a result, the export price attained the peak level of $27 per litre. From 2021 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +19.7% per year.
Imports of Wine; Still, in Containers Holding More than 2 Litres in the Philippines
In 2022, the amount of wine; still, in containers holding more than 2 litreses imported into the Philippines reached 1M litres, with an increase of 2.1% compared with the year before. In general, imports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 153%. Over the period under review, imports of hit record highs at 1.4M litres in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of wine; still, in containers holding more than 2 litreses contracted to $1.9M in 2022. Over the period under review, imports, however, showed a deep reduction. The growth pace was the most rapid in 2021 with an increase of 102%. Imports peaked at $2.4M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Wine; Still, in Containers Holding More than 2 Litres in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 665 | 122 | 308 | 979 | 13.8% |
| Chile | 219 | 211 | 392 | 271 | 7.4% |
| France | 293 | 248 | 342 | 182 | -14.7% |
| South Africa | 108 | 40.1 | 203 | 147 | 10.8% |
| Spain | 577 | 309 | 485 | 95.8 | -45.0% |
| Australia | 173 | N/A | N/A | 78.1 | -23.3% |
| Portugal | 137 | 1.5 | 244 | 2.5 | -73.7% |
| Others | 214 | 56.7 | 23.1 | 101 | -22.1% |
| Total | 2,387 | 988 | 1,996 | 1,856 | -8.0% |
Top Suppliers of Wine; Still, in Containers Holding More than 2 Litres to the Philippines in 2022:
- United States (614.9K litres)
- Chile (130.7K litres)
- Spain (107.1K litres)
- South Africa (102.6K litres)
- France (29.8K litres)
- Australia (26.7K litres)
- Portugal (1.5K litres)
Exports of Wine; Still, in Containers Holding More than 2 Litres in the Philippines
In 2022, overseas shipments of wine; still, in containers holding more than 2 litreses decreased by -58.1% to 360 litres for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 149%. The exports peaked at 859 litres in 2021, and then dropped remarkably in the following year.
In value terms, exports of wine; still, in containers holding more than 2 litreses reduced notably to $255 in 2022. Overall, exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2020 with an increase of 482% against the previous year. As a result, the exports reached the peak of $11K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Wine; Still, in Containers Holding More than 2 Litres in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | N/A | N/A | N/A | 0.3 | 0% |
| South Korea | 0.3 | 0.4 | 0.2 | N/A | -18.4% |
| Kiribati | N/A | 1.2 | N/A | N/A | 0% |
| Germany | 0.8 | N/A | N/A | N/A | 0% |
| Malaysia | N/A | 9.0 | N/A | N/A | 0% |
| Australia | N/A | N/A | 2.9 | N/A | 0% |
| Others | 0.8 | N/A | N/A | N/A | 0% |
| Total | 1.8 | 10.7 | 3.1 | 0.3 | -45.0% |
Top Export Markets for Wine; Still, in Containers Holding More than 2 Litres from the Philippines in 2022:
- Macao SAR (360.0 litres)
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