Philippines: Apple Market 2022

Apple Market Size in the Philippines

In 2021, the Philippine apple market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, continues to indicate a resilient expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Apple Exports

Exports from the Philippines

In 2021, shipments abroad of apples was finally on the rise to reach X tonnes after two years of decline. In general, exports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2015 when exports increased by X% y-o-y. The exports peaked at X tonnes in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, apple exports rose notably to $X in 2021. Overall, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X tonnes), the United Arab Emirates (X tonnes) and Qatar (X tonnes) were the main destinations of apple exports from the Philippines, together accounting for X% of total exports.

From 2012 to 2021, the biggest increases were in Qatar (+X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for apple exported from the Philippines were the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X), with a combined X% share of total exports. These countries were followed by Bahrain, Qatar and Macao SAR, which together accounted for a further X SAR, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average apple export price amounted to $X per tonne, remaining relatively unchanged against the previous year. In general, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, apple export price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2017 an increase of X% y-o-y. Over the period under review, the average export prices hit record highs at $X per tonne in 2020, and then reduced slightly in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Saudi Arabia ($X per tonne), while the average price for exports to Bahrain ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Apple Imports

Imports into the Philippines

Apple imports into the Philippines dropped to X tonnes in 2021, which is down by -X% on the year before. Over the period under review, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of X% year-to-year. As a result, imports attained the peak of X tonnes, and then shrank slightly in the following year.

In value terms, apple imports expanded markedly to $X in 2021. Overall, imports, however, saw a prominent increase. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tonnes) was the main supplier of apple to the Philippines, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +X%.

In value terms, China ($X) constituted the largest supplier of apple to the Philippines.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +X%.

Import Prices by Country

The average apple import price stood at $X per tonne in 2021, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +X% per year.

Source: IndexBox Platform