Philippines: Concentrated Apple Juice Market 2024

Concentrated Apple Juice Market Size in the Philippines

The Philippine concentrated apple juice market skyrocketed to $X in 2022, rising 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). Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Concentrated Apple Juice Exports

Exports from the Philippines

For the third year in a row, the Philippines recorded growth in overseas shipments of concentrated apple juice, which increased by X% to X tons in 2022. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, concentrated apple juice exports skyrocketed to $X in 2022. In general, exports recorded a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Guam (X tons) was the main destination for concentrated apple juice exports from the Philippines, accounting for a X% share of total exports. Moreover, concentrated apple juice exports to Guam exceeded the volume sent to the second major destination, Micronesia (X tons), fourfold. Samoa (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guam totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Micronesia (X% per year) and Samoa (X% per year).

In value terms, Guam ($X) emerged as the key foreign market for concentrated apple juice exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Micronesia ($X), with a X% share of total exports. It was followed by Northern Mariana Islands, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Guam stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Micronesia (X% per year) and Northern Mariana Islands (X% per year).

Export Prices by Country

The average concentrated apple juice export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price showed a temperate increase. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Northern Mariana Islands ($X per ton), while the average price for exports to Samoa ($X per ton) was amongst the lowest.

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

Concentrated Apple Juice Imports

Imports into the Philippines

In 2022, after two years of decline, there was significant growth in overseas purchases of concentrated apple juice, when their volume increased by X% to X tons. Overall, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, concentrated apple juice imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest concentrated apple juice supplier to the Philippines, accounting for a X% share of total imports. Moreover, concentrated apple juice imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest concentrated apple juice suppliers to the Philippines were the United States ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports. South Africa, Belgium, Cyprus, Austria and Australia lagged somewhat behind, together accounting for a further X%.

South Africa, 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 more modest paces of growth.

Import Prices by Country

The average concentrated apple juice import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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