Philippines: Market for Apple Juice (Single Strength) 2021

Market Size for Apple Juice (Single Strength) in the Philippines

The Philippine apple juice (single strength) market dropped to $X in 2020, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2020, consumption stood at a somewhat lower figure.

Exports of Apple Juice (Single Strength)

Exports from the Philippines

For the fifth consecutive year, the Philippines recorded decline in overseas shipments of apple juice (single strength), which decreased by -X% to X tonnes in 2020. Over the period under review, exports continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, apple juice (single strength) exports declined notably to $X in 2020. Overall, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Malaysia (X tonnes), Brunei Darussalam (X tonnes) and the United Arab Emirates (X tonnes) were the main destinations of apple juice (single strength) exports from the Philippines, with a combined X% share of total exports. These countries were followed by Singapore, Palau and Canada, which together accounted for a further X 2007 to 2020, the biggest increases were in Canada, while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for apple juice (single strength) exported from the Philippines were Malaysia ($X), the United Arab Emirates ($X) and Singapore ($X), together accounting for X% of total exports. These countries were followed by Brunei Darussalam, Canada and Palau, which together accounted for a further X terms of the main countries of destination, Brunei Darussalam saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average apple juice (single strength) export price stood at $X per tonne in 2020, rising by X% against the previous year. In general, export price indicated moderate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, apple juice (single strength) export price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Singapore ($X per tonne), while the average price for exports to Palau ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Singapore, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Apple Juice (Single Strength)

Imports into the Philippines

In 2020, imports of apple juice (single strength) into the Philippines fell to X tonnes, declining by -X% against the year before. Over the period under review, imports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tonnes in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

In value terms, apple juice (single strength) imports fell to $X in 2020. Overall, imports showed a pronounced contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Australia (X tonnes) constituted the largest apple juice (single strength) supplier to the Philippines, accounting for a X% share of total imports. Moreover, apple juice (single strength) imports from Australia exceeded the figures recorded by the second-largest supplier, Brazil (X tonnes), fourfold. Thailand (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Australia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Thailand (-X% per year).

In value terms, Australia ($X) constituted the largest supplier of apple juice (single strength) to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Australia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Thailand (-X% per year).

Import Prices by Country

In 2020, the average apple juice (single strength) import price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2017; however, from 2018 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Brazil ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Brazil, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform