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Philippines - Almonds - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Almond Market Overview 2021

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Almond Market Size in the Philippines

For the third consecutive year, the Philippine almond market recorded growth in sales value, which increased by X% to $X in 2019. In general, consumption recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level in 2019 and is likely to continue growth in the near future.

Almond Exports

Exports from the Philippines

In 2019, overseas shipments of almonds decreased by X% to X tonnes, falling for the second consecutive year after four years of growth. In general, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2012 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. From 2013 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, almond exports totaled $X in 2019. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2019, exports remained at a lower figure.

Exports by Country

Kuwait (X tonnes) was the main destination for almond exports from the Philippines, with a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Kuwait amounted to -X%.

From 2007 to 2019, the average annual rate of growth in terms of value to Kuwait totaled +X%.

Export Prices by Country

In 2019, the average almond export price amounted to $X per tonne, standing approx. at the previous year. In general, the export price saw buoyant growth. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. The export price peaked in 2019 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Kuwait.

From 2007 to 2019, the rate of growth in terms of prices for Kuwait amounted to +X% per year.

Almond Imports

Imports into the Philippines

In 2019, supplies from abroad of almonds increased by X% to X tonnes, rising for the third year in a row after two years of decline. Overall, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked in 2019 and are likely to see steady growth in years to come.

In value terms, almond imports expanded markedly to $X in 2019. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% y-o-y. Imports peaked in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, the U.S. (X tonnes) constituted the largest almond supplier to the Philippines, accounting for a X% share of total imports. Moreover, almond imports from the U.S. exceeded the figures recorded by the second-largest supplier, Thailand (X tonnes), sevenfold. The third position in this ranking was occupied by the United Arab Emirates (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of almond to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2007 to 2019, the average annual growth rate of value from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2019, the average almond import price amounted to $X per tonne, remaining relatively unchanged against the previous year. In general, the import price recorded a strong increase. The pace of growth was the most pronounced in 2016 an increase of X% year-to-year. The import price peaked in 2019 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Thailand ($X per tonne), while the price for the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for almonds in the world?
+
The U.S. (1.7M tonnes) remains the largest almond consuming country worldwide, accounting for 50% of total volume. Moreover, almond consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Spain (338K tonnes), fivefold. The third position in this ranking was occupied by Iran (182K tonnes), with a 5.3% share.
What are the largest producers of almonds in the world?
+
The U.S. (1.9M tonnes) remains the largest almond producing country worldwide, comprising approx. 55% of total volume. Moreover, almond production in the U.S. exceeded the figures recorded by the second-largest producer, Spain (340K tonnes), sixfold. The third position in this ranking was occupied by Iran (177K tonnes), with a 5.1% share.
What are the leading suppliers of almonds to the Philippines?
+
In value terms, the U.S. ($768K) constituted the largest supplier of almond to the Philippines, comprising 74% of total imports. The second position in the ranking was occupied by Thailand ($152K), with a 15% share of total imports. It was followed by Indonesia, with a 7% share.
What is the average export price for almonds in the Philippines?
+
The average almond export price stood at $3,549 per tonne in 2019, approximately equating the previous year.
What is the average import price for almonds in the Philippines?
+
The average almond import price stood at $6,372 per tonne in 2019, leveling off at the previous year.

Product coverage:
• FCL 221 - Almonds

This report provides an in-depth analysis of the almond 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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