Latest Report Update: Mar 31, 2021

Philippines - Apricots - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Philippines: Apricot Market Overview 2021

Webinar: Global Palm Oil Market - Statistics, Trends, and Outlook

Join our live webinar to get insights into the global palm oil market.

Thursday, May 6th, 2021 @ 10:00 am ET

Register Now

Apricot Market Size in the Philippines

In 2019, the Philippine apricot market decreased by -X% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption saw a pronounced decrease. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.

Apricot Production in the Philippines

In value terms, apricot production rose rapidly to $X in 2019 estimated in export prices. Over the period under review, the total production indicated moderate growth from 2007 to 2019: its value 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, production increased by +X% against 2013 indices. The growth pace was the most rapid in 2010 when the production volume increased by X% year-to-year. Apricot production peaked at $X in 2011; however, from 2012 to 2019, production stood at a somewhat lower figure.

The average yield of apricots in the Philippines was estimated at X kg per ha in 2019, therefore, remained relatively stable against the previous year. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of apricots were harvested in the Philippines; leveling off at the previous year's figure. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Apricot Exports

Exports from the Philippines

For the fifth year in a row, the Philippines recorded decline in overseas shipments of apricots, which decreased by -X% to X tonnes in 2019. Over the period under review, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. From 2012 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, apricot exports expanded remarkably to $X in 2019. In general, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, exports reached the peak of $X. From 2012 to 2019, the growth exports failed to regain the momentum.

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 2019, the average annual growth rate of volume to the Netherlands totaled +X%.

In value terms, the Netherlands ($X) also remains the key foreign market for apricot exports from the Philippines.

From 2007 to 2019, the average annual rate of growth in terms of value to the Netherlands totaled +X%.

Export Prices by Country

The average apricot export price stood at $X per tonne in 2019, surging by X% against the previous year. Over the period under review, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. The export price peaked at $X per tonne in 2011; however, from 2012 to 2019, export prices stood at a somewhat lower figure.

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

From 2007 to 2019, the rate of growth in terms of prices for the Netherlands amounted to +X% per year.

Apricot Imports

Imports into the Philippines

In 2019, overseas purchases of apricots decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. Overall, imports saw a slight curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. From 2017 to 2019, the growth imports failed to regain the momentum.

In value terms, apricot imports shrank remarkably to $X in 2019. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

Imports by Country

China (X kg), the U.S. (X kg) and Hong Kong SAR (X kg) were the main suppliers of apricot imports to the Philippines.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR, while imports for the other leaders experienced a decline.

In value terms, China ($X), the U.S. ($X) and Hong Kong SAR ($X) appeared to be the largest apricot suppliers to the Philippines.

Among the main suppliers, the U.S. recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average apricot import price stood at $X per tonne in 2019, stabilizing at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was China ($X per tonne), while the price for Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI 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 2019 were Turkey (813K tonnes), Uzbekistan (479K tonnes) and Iran (329K tonnes), with a combined 39% share of global consumption.
What are the largest producers of apricots in the world?
+
The countries with the highest volumes of apricot production in 2019 were Turkey (847K tonnes), Uzbekistan (537K tonnes) and Iran (330K tonnes), with a combined 41% share of global production.
What are the leading suppliers of apricots to the Philippines?
+
In value terms, the largest apricot suppliers to the Philippines were China ($1.4K), the U.S. ($972) and Hong Kong SAR ($156).
What are the leading importers of apricots from the Philippines?
+
In value terms, the Netherlands ($2.9K) remains the key foreign market for apricot exports from the Philippines.
What is the average export price for apricots in the Philippines?
+
The average apricot export price stood at $854 per tonne in 2019, rising by 23% against the previous year.
What is the average import price for apricots in the Philippines?
+
In 2019, the average apricot import price amounted to $1,391 per tonne, standing approx. 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
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

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

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

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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
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, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

Webinar: Global Palm Oil Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global palm oil market.



Thursday, May 6th, 2021 @ 10:00 am ET


Register

Webinar: Global Fertilizer Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global fertilizer market.



Thursday, May 13th, 2021 @ 10:00 am ET


Register

Webinar: Global Gym and Fitness Equipment Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global gym and fitness equipment market.



Thursday, April 22nd, 2021 @ 10:00 am ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data