Philippines: Dried Grapes Market Overview 2021

Dried Grapes Market Size in the Philippines

In 2020, the Philippine dried grapes market decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, showed a buoyant increase. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Dried grapes consumption peaked at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Dried Grapes Exports

Exports from the Philippines

After two years of growth, overseas shipments of dried grapes decreased by -X% to X tonnes in 2020. Overall, exports showed a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Exports peaked at X tonnes in 2019, and then fell notably in the following year.

In value terms, dried grapes exports fell remarkably to $X in 2020. Over the period under review, exports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Exports peaked at $X in 2019, and then contracted significantly in the following year.

Exports by Country

The United Arab Emirates (X kg) was the main destination for dried grapes exports from the Philippines, with a X% share of total exports. Moreover, dried grapes exports to the United Arab Emirates exceeded the volume sent to the second major destination, Bahrain (X kg), twofold. Kuwait (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the United Arab Emirates amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+X% per year) and Kuwait (+X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for dried grapes exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by Bahrain ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the United Arab Emirates stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+X% per year) and Kuwait (+X% per year).

Export Prices by Country

The average dried grapes export price stood at $X per tonne in 2020, picking up by X% against the previous year. Overall, the export price saw a resilient expansion. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2020 and is likely to continue growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to Qatar ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Dried Grapes Imports

Imports into the Philippines

In 2020, purchases abroad of dried grapes decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Overall, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, dried grapes imports contracted markedly to $X in 2020. Over the period under review, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. from 2019 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, the U.S. (X tonnes) constituted the largest supplier of dried grapes to the Philippines, with a X% share of total imports. Moreover, dried grapes imports from the U.S. exceeded the figures recorded by the second-largest supplier, China (X tonnes), threefold. India (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and India (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of dried grapes to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and South Africa (+X% per year).

Import Prices by Country

The average dried grapes import price stood at $X per tonne in 2020, reducing by -X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. from 2019 to 2020, the growth in terms of the average 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 Thailand ($X per tonne), while the price for Iran ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Africa, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for dried grapes in the world?

+

The countries with the highest volumes of dried grapes consumption in 2020 were Iran (137K tonnes), the U.S. (109K tonnes) and the UK (97K tonnes), together accounting for 35% of global consumption.

What are the largest producers of dried grapes in the world?

+

The countries with the highest volumes of dried grapes production in 2020 were Turkey (258K tonnes), Iran (195K tonnes) and the U.S. (174K tonnes), together accounting for 62% of global production. Chile, Uzbekistan, South Africa and Afghanistan lagged somewhat behind, together comprising a further 31%.

What are the leading suppliers of dried grapes to the Philippines?

+

In value terms, the U.S. ($5.5M) constituted the largest supplier of dried grapes to the Philippines, comprising 75% of total imports. The second position in the ranking was occupied by China ($809K), with a 11% share of total imports. It was followed by South Africa, with a 4.3% share.

What are the leading importers of dried grapes from the Philippines?

+

In value terms, the United Arab Emirates ($3K) remains the key foreign market for dried grapes exports from the Philippines, comprising 55% of total exports. The second position in the ranking was occupied by Bahrain ($1.1K), with a 20% share of total exports. It was followed by Kuwait, with a 11% share.

What is the average export price for dried grapes in the Philippines?

+

The average dried grapes export price stood at $5,172 per tonne in 2020, surging by 37% against the previous year.

What is the average import price for dried grapes in the Philippines?

+

In 2020, the average dried grapes import price amounted to $1,793 per tonne, dropping by -27% against the previous year.