Philippines: Avocado Market 2024

Avocado Market Size in the Philippines

The Philippine avocado market contracted slightly to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Avocado Production in the Philippines

In value terms, avocado production reduced slightly to $X in 2022 estimated in export price. In general, production saw a resilient increase. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The average yield of avocados in the Philippines was estimated at X tons per ha in 2022, remaining stable against the year before. Over the period under review, the yield, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. The avocado yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The avocado harvested area in the Philippines reached X ha in 2022, approximately equating the previous year. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The avocado harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Avocado Exports

Exports from the Philippines

In 2022, approx. X tons of avocados were exported from the Philippines; with an increase of X% on the year before. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, avocado exports skyrocketed to $X in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

China (X tons) was the main destination for avocado exports from the Philippines, accounting for a X% share of total exports. Moreover, avocado exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), threefold. The third position in this ranking was held by Singapore (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Singapore (X% per year).

In value terms, China ($X) remains the key foreign market for avocados exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Singapore (X% per year).

Export Prices by Country

The average avocado export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then shrank modestly in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Malaysia ($X per ton) and Hong Kong SAR ($X per ton), while the average price for exports to Singapore ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Avocado Imports

Imports into the Philippines

In 2022, overseas purchases of avocados decreased by X% to X tons, falling for the third year in a row after three years of growth. Over the period under review, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, avocado imports reduced sharply to $X in 2022. In general, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X tons), the United States (X tons) and Peru (X tons) were the main suppliers of avocado imports to the Philippines, with a combined X% share of total imports.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest avocado suppliers to the Philippines were Mexico ($X), the United States ($X) and Peru ($X), with a combined X% share of total imports.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average avocado import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($X per ton) and the United States ($X per ton), while the price for Peru ($X per ton) and France ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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