Philippines: Apple Market Overview 2021

Apple Market Size in the Philippines

In 2020, the Philippine apple market was finally on the rise to reach $X for the first time since 2016, thus ending a three-year declining trend. In general, consumption continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 when the market value increased by X% y-o-y. Apple consumption peaked in 2020 and is likely to see gradual growth in years to come.

Apple Exports

Exports from the Philippines

In 2020, the amount of apples exported from the Philippines declined dramatically to X tonnes, which is down by -X% against the year before. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2008; however, from 2009 to 2020, exports remained at a lower figure.

In value terms, apple exports fell dramatically to $X in 2020. Overall, exports recorded a abrupt slump. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

The United Arab Emirates (X tonnes) and Bahrain (X tonnes) were the main destinations of apple exports from the Philippines.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahrain.

In value terms, the largest markets for apple exported from the Philippines were the United Arab Emirates ($X) and Bahrain ($X saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average apple export price stood at $X per tonne in 2020, surging by X% against the previous year. Overall, the export price, however, continues to indicate a noticeable downturn. The growth pace was the most rapid in 2017 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the maximum at $X per tonne in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2020, the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to Bahrain totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates.

Apple Imports

Imports into the Philippines

In 2020, purchases abroad of apples was finally on the rise to reach X tonnes for the first time since 2017, thus ending a two-year declining trend. In general, imports recorded a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Over the period under review, imports attained the maximum in 2020 and are likely to see gradual growth in the immediate term.

In value terms, apple imports soared to $X in 2020. Over the period under review, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2016 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum in 2020 and are expected to retain growth in years to come.

Imports by Country

In 2020, China (X tonnes) was the main apple supplier to the Philippines, with a X% share of total imports. Moreover, apple imports from China exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and New Zealand (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and New Zealand (+X% per year).

Import Prices by Country

In 2020, the average apple import price amounted to $X per tonne, waning by -X% against the previous year. In general, the import price, however, saw resilient growth. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2019, and then reduced modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for apples in the world?

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China (39M tonnes) remains the largest apple consuming country worldwide, comprising approx. 47% of total volume. Moreover, apple consumption in China exceeded the figures recorded by the second-largest consumer, Turkey (4.1M tonnes), tenfold. The third position in this ranking was occupied by the U.S. (3.9M tonnes), with a 4.7% share.

What are the largest producers of apples in the world?

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China (40M tonnes) constituted the country with the largest volume of apple production, comprising approx. 48% of total volume. Moreover, apple production in China exceeded the figures recorded by the second-largest producer, the U.S. (4.6M tonnes), ninefold. Turkey (4.3M tonnes) ranked third in terms of total production with a 5.2% share.

What are the leading suppliers of apples to the Philippines?

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In value terms, China ($202M) constituted the largest supplier of apple to the Philippines, comprising 92% of total imports. The second position in the ranking was occupied by the U.S. ($9.1M), with a 4.1% share of total imports.

What are the leading importers of apples from the Philippines?

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In value terms, the largest markets for apple exported from the Philippines were the United Arab Emirates ($25K) and Bahrain ($16K).

What is the average export price for apples in the Philippines?

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The average apple export price stood at $1,047 per tonne in 2020, picking up by 9.5% against the previous year.

What is the average import price for apples in the Philippines?

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The average apple import price stood at $1,263 per tonne in 2020, waning by -1.7% against the previous year.