Philippines: Brazil Nut Market 2022

Brazil Nut Market Size in the Philippines

In 2021, after six years of decline, there was significant growth in the Philippine brazil nut market, when its value increased by X% to $X. Over the period under review, consumption, however, faced a significant contraction. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Brazil Nut Production in the Philippines

In value terms, brazil nut production stood at $X in 2021 estimated in export prices. In general, production recorded a sharp setback. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

The average yield of brazil nuts in the Philippines amounted to less than X kg per ha in 2021, approximately equating 2020. Over the period under review, 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 2021, approx. less than X ha of brazil nuts were harvested in the Philippines; remaining constant against the year before. Overall, the harvested area saw a relatively flat trend pattern.

Brazil Nut Exports

Exports from the Philippines

In 2021, after six years of decline, there was significant growth in shipments abroad of brazil nuts, when their volume increased by X% to X kg. Overall, exports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. As a result, the exports reached the peak of X tonnes. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, brazil nut exports skyrocketed to $X in 2021. In general, exports, however, saw a deep slump. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Qatar (X kg) was the main destination for brazil nut exports from the Philippines, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar totaled -X%.

In value terms, Qatar ($X) also remains the key foreign market for brazil nut exports from the Philippines.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar stood at -X%.

Export Prices by Country

The average brazil nut export price stood at $X per tonne in 2021, dropping by -X% against the previous year. Overall, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, brazil nut export price decreased by -X% against 2013 indices. The growth pace was the most rapid in 2013 an increase of X% y-o-y. As a result, the export price reached the peak level of $X per tonne. From 2014 to 2021, the the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Qatar amounted to +X% per year.

Brazil Nut Imports

Imports into the Philippines

In 2021, purchases abroad of brazil nuts was finally on the rise to reach X kg after six years of decline. In general, imports, however, continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. From 2015 to 2021, the growth imports remained at a lower figure.

In value terms, brazil nut imports expanded markedly to $X in 2021. Overall, imports, however, showed a sharp reduction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth imports remained at a lower figure.

Imports by Country

In 2018, Australia (X kg) was the main supplier of brazil nut to the Philippines, with a approx. X% share of total imports.

From 2012 to 2018, the average annual growth rate of volume from Australia was relatively modest.

In value terms, Australia ($X) constituted the largest supplier of brazil nut to the Philippines.

From 2012 to 2018, the average annual rate of growth in terms of value from Australia was relatively modest.

Import Prices by Country

In 2018, the average brazil nut import price amounted to $X per tonne, increasing by X% against the previous year. Overall, the import price posted a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2018, the rate of growth in terms of prices for Australia amounted to X% per year.

Source: IndexBox Platform