Philippines - Sugary Soft Drinks - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSugary Soft Drink Price in the Philippines - 2023
Contents:
- Sugary Soft Drink Price in the Philippines (FOB) - 2023
- Sugary Soft Drink Price in the Philippines (CIF) - 2022
- Sugary Soft Drink Exports in the Philippines
- Sugary Soft Drink Imports in the Philippines
Sugary Soft Drink Price in the Philippines (FOB) - 2023
In July 2023, the average sugary soft drink export price amounted to $741 per thousand litres, declining by -37.4% against the previous month. In general, the export price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in June 2023 an increase of 37% month-to-month. The export price peaked at $5.1 per litre in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Saudi Arabia ($881 per thousand litres), while the average price for exports to Guam ($418 per thousand litres) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-2.1%), while the prices for the other major destinations experienced a decline.
Sugary Soft Drink Price in the Philippines (CIF) - 2022
In 2022, the average sugary soft drink import price amounted to $1.3 per litre, which is down by -3% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sugary soft drink import price increased by +31.6% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 36%. As a result, import price reached the peak level of $1.3 per litre, and then fell slightly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($2.9 per litre), while the price for Vietnam ($0.4 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Sugary Soft Drink Exports in the Philippines
In 2022, approx. 7.5M litres of sugary soft drinks were exported from the Philippines; waning by -9.9% compared with the previous year's figure. Over the period under review, total exports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +3.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 70% against the previous year. As a result, the exports attained the peak of 8.4M litres, and then shrank in the following year.
In value terms, sugary soft drink exports reduced to $7.1M in 2022. Overall, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 99% against the previous year. As a result, the exports attained the peak of $7.4M, and then dropped slightly in the following year.
| Export of Sugary Soft Drink in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1,643 | 1,190 | 1,418 | 2,409 | 13.6% |
| China | 820 | 590 | 904 | 1,009 | 7.2% |
| Singapore | 1,032 | 903 | 1,584 | 909 | -4.1% |
| Guam | 136 | 144 | 746 | 730 | 75.1% |
| Northern Mariana Islands | 70.6 | 48.0 | 353 | 340 | 68.9% |
| Micronesia | 23.4 | 169 | 331 | 337 | 143.3% |
| Saudi Arabia | 178 | 7.9 | 335 | 271 | 15.0% |
| Palau | 26.3 | 111 | 170 | 202 | 97.3% |
| United States | 186 | 38.2 | 181 | 121 | -13.4% |
| United Kingdom | 262 | 0.1 | 308 | 56.4 | -40.1% |
| Others | 726 | 518 | 1,065 | 726 | 0.0% |
| Total | 5,103 | 3,719 | 7,396 | 7,111 | 11.7% |
Top Export Markets for Sugary Soft Drink from the Philippines in 2022:
- Malaysia (2937.6K litres)
- China (1111.7K litres)
- Singapore (1031.7K litres)
- Guam (621.1K litres)
- Northern Mariana Islands (328.4K litres)
- Micronesia (306.3K litres)
- Saudi Arabia (260.4K litres)
- United States (147.0K litres)
- Palau (140.3K litres)
- United Kingdom (34.7K litres)
Sugary Soft Drink Imports in the Philippines
In 2022, imports of sugary soft drinks into the Philippines soared to 6.9M litres, rising by 124% on the previous year's figure. Over the period under review, imports continue to indicate a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sugary soft drink imports skyrocketed to $8.8M in 2022. In general, imports continue to indicate a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sugary Soft Drink in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,649 | 1,680 | 2,169 | 3,527 | 28.8% |
| Thailand | 7.5 | 736 | 74.5 | 680 | 349.2% |
| France | 193 | 410 | 175 | 674 | 51.7% |
| Italy | 66.8 | 117 | 257 | 615 | 109.6% |
| South Korea | 541 | 531 | 293 | 597 | 3.3% |
| Malaysia | 206 | 50.4 | 211 | 491 | 33.6% |
| South Africa | N/A | 118 | 193 | 384 | 80.4% |
| Spain | 17.5 | 51.4 | 154 | 354 | 172.5% |
| Switzerland | N/A | 5.7 | 12.5 | 287 | 609.6% |
| United Kingdom | 179 | 147 | 206 | 269 | 14.5% |
| Vietnam | 274 | 243 | N/A | 146 | -18.9% |
| Indonesia | 179 | 35.6 | 5.8 | 101 | -17.4% |
| United Arab Emirates | 15.2 | 0.4 | 0.9 | 74.4 | 69.8% |
| Others | 2,078 | 953 | 313 | 640 | -32.5% |
| Total | 5,405 | 5,077 | 4,066 | 8,839 | 17.8% |
Top Suppliers of Sugary Soft Drink to the Philippines in 2022:
- United States (2512.4K litres)
- Malaysia (744.9K litres)
- South Korea (575.3K litres)
- Vietnam (381.9K litres)
- France (363.6K litres)
- Thailand (340.8K litres)
- Indonesia (240.8K litres)
- Italy (215.8K litres)
- Switzerland (208.5K litres)
- Spain (207.8K litres)
- South Africa (195.5K litres)
- United Arab Emirates (180.1K litres)
- United Kingdom (148.9K litres)
This report provides an in-depth analysis of the sugary soft drink market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 11071930 - Waters, with added sugar, other sweetening matter or flavoured, i.e. soft drinks (including mineral and aerated)
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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