Philippines: Apple Market Overview 2021

Apple Market Size in the Philippines

The Philippine apple market rose notably to $X in 2019, surging 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). In general, consumption, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Apple consumption peaked in 2019 and is likely to continue growth in years to come.

Apple Exports

Exports from the Philippines

In 2019, the amount of apples exported from the Philippines was estimated at X kg, therefore, remained relatively stable against the previous year's figure. Overall, exports showed a precipitous curtailment. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Exports peaked at X tonnes in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

In value terms, apple exports dropped sharply to $X in 2019. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

From 2007 to 2019, the average annual rate of growth in terms of volume to No country was relatively modest.

From 2007 to 2019, the average annual growth rate of value to No country was relatively modest.

Apple Imports

Imports into the Philippines

For the third consecutive year, the Philippines recorded decline in supplies from abroad of apples, which decreased by -X% to X tonnes in 2019. In general, imports, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tonnes. From 2017 to 2019, the growth imports remained at a lower figure.

In value terms, apple imports expanded rapidly to $X in 2019. Over the period under review, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2016 when imports increased by X% year-to-year. Imports peaked in 2019 and are expected to retain growth in the immediate term.

Imports by Country

In 2019, 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 2019, 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 2019, the average annual rate of growth in terms of value 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).

Import Prices by Country

In 2019, the average apple import price amounted to $X per tonne, picking up by X% against the previous year. In general, import price indicated a buoyant expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, apple import price increased by +X% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2019, 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 2019, 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 AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for apples in the world?

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China (40M tonnes) remains the largest apple consuming country worldwide, accounting for 48% of total volume. Moreover, apple consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (4M tonnes), tenfold. Turkey (2.7M tonnes) ranked third in terms of total consumption with a 3.3% share.

What are the largest producers of apples in the world?

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China (41M tonnes) remains the largest apple producing country worldwide, accounting for 49% of total volume. Moreover, apple production in China exceeded the figures recorded by the second-largest producer, the U.S. (4.7M tonnes), ninefold. The third position in this ranking was occupied by Turkey (3M tonnes), with a 3.6% share.

What are the leading suppliers of apples to the Philippines?

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In value terms, China ($155M) 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. ($7M), with a 4.1% share of total imports.

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

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The average apple import price stood at $1,444 per tonne in 2019, picking up by 25% against the previous year.