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Philippines - Apricots - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Apricot Market Overview 2021

Apricot Market Size in the Philippines

In 2020, the Philippine apricot market decreased by -X% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Apricot consumption peaked at $X in 2016; however, from 2017 to 2020, consumption stood at a somewhat lower figure.

Apricot Exports

Exports from the Philippines

In 2020, the amount of apricots exported from the Philippines amounted to X kg, stabilizing at the previous year's figure. In general, exports showed a noticeable reduction. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Exports peaked at X tonnes in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

In value terms, apricot exports totaled $X in 2020. Over the period under review, exports recorded a strong increase. The growth pace was the most rapid in 2013 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tonnes) was the main destination for apricot exports from the Philippines, accounting for a approx. X% share of total exports.

From 2007 to 2015, the average annual growth rate of volume to the Netherlands was relatively modest.

From 2007 to 2015, the average annual rate of growth in terms of value to the Netherlands was relatively modest.

Export Prices by Country

In 2015, the average apricot export price amounted to $X per tonne, leveling off at the previous year. Over the period under review, the export price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2013 an increase of X% year-to-year. The export price peaked in 2015 and is expected to retain growth in the near future.

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

From 2007 to 2015, the rate of growth in terms of prices for the Netherlands amounted to X% per year.

Apricot Imports

Imports into the Philippines

In 2020, purchases abroad of apricots decreased by -X% to X tonnes, falling for the fourth consecutive year after two years of growth. Over the period under review, imports showed a slight slump. The growth pace was the most rapid in 2016 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes. from 2017 to 2020, the growth imports failed to regain the momentum.

In value terms, apricot imports declined to $X in 2020. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the U.S. (X tonnes) constituted the largest apricot supplier to the Philippines, accounting for a X% share of total imports. Moreover, apricot imports from the U.S. exceeded the figures recorded by the second-largest supplier, China (X kg), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. amounted to +X%.

In value terms, the largest apricot suppliers to the Philippines were the U.S. ($X) and China ($X U.S. recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2020, the average apricot import price amounted to $X per tonne, approximately equating the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per tonne), while the price for the U.S. amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for apricots in the world?
+
The countries with the highest volumes of apricot consumption in 2020 were Turkey (812K tonnes), Uzbekistan (512K tonnes) and Iran (327K tonnes), together accounting for 40% of global consumption. These countries were followed by Italy, Algeria, France, Russia, Afghanistan, Pakistan, Morocco, Egypt, Greece and Ukraine, which together accounted for a further 34%.
What are the largest producers of apricots in the world?
+
The countries with the highest volumes of apricot production in 2020 were Turkey (877K tonnes), Uzbekistan (576K tonnes) and Iran (327K tonnes), together comprising 42% of global production.
What are the leading suppliers of apricots to the Philippines?
+
In value terms, the U.S. ($1.3K) and China ($1.2K) constituted the largest apricot suppliers to the Philippines.
What is the average export price for apricots in the Philippines?
+
In 2015, the average apricot export price amounted to $1,517 per tonne, remaining constant against the previous year.
What is the average import price for apricots in the Philippines?
+
The average apricot import price stood at $1,400 per tonne in 2020, stabilizing at the previous year.

Product coverage:
• FCL 526 - Apricots

This report provides an in-depth analysis of the apricot 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  This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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

This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
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, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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