Philippines - Temporarily Preserved Vegetable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTemporarily Preserved Vegetable Price in the Philippines - 2023
Contents:
- Temporarily Preserved Vegetable Price in the Philippines (CIF) - 2022
- Temporarily Preserved Vegetable Price in the Philippines (FOB) - 2022
- Temporarily Preserved Vegetable Imports in the Philippines
- Temporarily Preserved Vegetable Exports in the Philippines
Temporarily Preserved Vegetable Price in the Philippines (CIF) - 2022
In 2022, the average temporarily preserved vegetable import price amounted to $506 per ton, which is down by -22.2% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 220%. As a result, import price attained the peak level of $918 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
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 China ($1,820 per ton), while the price for India stood at $480 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.0%).
Temporarily Preserved Vegetable Price in the Philippines (FOB) - 2022
The average temporarily preserved vegetable export price stood at $1,731 per ton in 2022, jumping by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. As a result, the export price reached 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 Macao SAR ($2,407 per ton), while the average price for exports to Cyprus ($839 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.
Temporarily Preserved Vegetable Imports in the Philippines
Temporarily preserved vegetable imports into the Philippines soared to 1.2K tons in 2022, rising by 117% compared with 2021 figures. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, temporarily preserved vegetable imports skyrocketed to $601K in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Temporarily Preserved Vegetable in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 65.7 | 42.3 | 203 | 559 | 104.1% |
| United States | 270 | 64.2 | 15.9 | 25.1 | -54.7% |
| Spain | 32.7 | 17.0 | 16.7 | 8.5 | -36.2% |
| China | 7.1 | 209 | N/A | 7.3 | 0.9% |
| Italy | 47.3 | 16.8 | 1.9 | 1.1 | -71.5% |
| Netherlands | N/A | 96.0 | 108 | N/A | 12.5% |
| Others | 35.0 | 27.7 | 10.7 | 0.1 | -85.8% |
| Total | 458 | 473 | 356 | 601 | 9.5% |
Top Suppliers of Temporarily Preserved Vegetable to the Philippines in 2022:
- India (1165.5 tons)
- United States (13.8 tons)
- Spain (4.7 tons)
- China (4.0 tons)
- Italy (1.1 tons)
Temporarily Preserved Vegetable Exports in the Philippines
In 2022, shipments abroad of vegetables (temporarily preserved) decreased by -28% to 37 tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 6.7%. As a result, the exports reached the peak of 171 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, temporarily preserved vegetable exports contracted to $64K in 2022. In general, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of 4.9%. As a result, the exports reached the peak of $227K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Temporarily Preserved Vegetable in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 214 | 168 | 44.1 | 28.1 | -49.2% |
| Hong Kong SAR | N/A | 6.5 | 6.7 | 25.8 | 99.2% |
| Macao SAR | N/A | N/A | 1.4 | 6.1 | 335.7% |
| Australia | N/A | 0.5 | N/A | 1.4 | 67.3% |
| Italy | N/A | N/A | 0.6 | 0.9 | 50.0% |
| Cyprus | N/A | N/A | N/A | 0.9 | 0% |
| Netherlands | N/A | N/A | 8.3 | N/A | 0% |
| Bahrain | N/A | 39.3 | N/A | N/A | 0% |
| Canada | N/A | 9.5 | 4.8 | N/A | -49.5% |
| Others | 2.0 | 3.0 | 2.7 | 1.0 | -20.6% |
| Total | 216 | 227 | 68.5 | 64.2 | -33.3% |
Top Export Markets for Temporarily Preserved Vegetable from the Philippines in 2022:
- Japan (19.0 tons)
- Hong Kong SAR (12.3 tons)
- Macao SAR (2.5 tons)
- Cyprus (1.1 tons)
- Australia (1.0 tons)
- Italy (0.6 tons)
This report provides an in-depth analysis of the temporarily preserved vegetable 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:
- FCL 474 - Vegetables, Temporarily Preserved
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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