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Philippines - Extracts, Essences And Concentrates Of Tea Or Mate - Market Analysis, Forecast, Size, Trends And Insights
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Philippines: Extracts Of Tea Market Overview 2021

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Extracts Of Tea Market Size in the Philippines

In 2020, the Philippine extracts of tea market decreased by -X% to $X, falling for the second consecutive year after four years of growth. In general, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

Extracts Of Tea Production in the Philippines

In value terms, extracts of tea production soared to $X in 2020 estimated in export prices. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, production attained the peak level in 2020 and is expected to retain growth in the near future.

Extracts Of Tea Exports

Exports from the Philippines

After two years of growth, shipments abroad of extracts, essences and concentrates of tea or mate decreased by -X% to X tonnes in 2020. Overall, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2011; however, from 2012 to 2020, exports remained at a lower figure.

In value terms, extracts of tea exports fell dramatically to $X in 2020. Over the period under review, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Guam (X tonnes), the United Arab Emirates (X tonnes) and the U.S. (X tonnes) were the main destinations of extracts of tea exports from the Philippines, together accounting for X% of total exports. These countries were followed by Solomon Islands, Australia, Indonesia, Saudi Arabia, Palau, Canada, Hong Kong SAR, Kuwait, Taiwan (Chinese) and American Samoa, which together accounted for a further X 2007 to 2020, the biggest increases were in Solomon Islands, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Guam ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) appeared to be the largest markets for extracts of tea exported from the Philippines worldwide, together comprising X% of total exports. The U.S., Australia, Solomon Islands, Palau, Hong Kong SAR, Taiwan (Chinese), Kuwait, American Samoa, Canada and Indonesia lagged somewhat behind, together comprising a further X Islands saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average extracts of tea export price stood at $X per tonne in 2020, growing by X% against the previous year. Overall, export price indicated a strong expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs in 2020 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Saudi Arabia ($X per tonne), while the average price for exports to Indonesia ($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 Australia, while the prices for the other major destinations experienced more modest paces of growth.

Extracts Of Tea Imports

Imports into the Philippines

In 2020, approx. X tonnes of extracts, essences and concentrates of tea or mate were imported into the Philippines; waning by -X% against the previous year's figure. Over the period under review, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2019, and then contracted markedly in the following year.

In value terms, extracts of tea imports contracted dramatically to $X in 2020. Overall, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Taiwan (Chinese) (X tonnes) constituted the largest supplier of extracts of tea to the Philippines, accounting for a X% share of total imports. Moreover, extracts of tea imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tonnes), threefold. Singapore (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 Taiwan (Chinese) amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Singapore (+X% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and India ($X) were the largest extracts of tea suppliers to the Philippines, together accounting for X% of total imports.

Taiwan (Chinese) saw the highest rates of growth with regard to the value of imports, in terms of 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 extracts of tea import price stood at $X per tonne in 2020, waning by -X% against the previous year. Over the period under review, the import price showed a pronounced contraction. The pace of growth was the most pronounced in 2013 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2014 to 2020, 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 2020, the country with the highest price was India ($X per tonne), while the price for Taiwan (Chinese) ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for extracts, essences and concentrates of tea or mate in the world?
+
China (177K tonnes) constituted the country with the largest volume of extracts of tea consumption, accounting for 18% of total volume. Moreover, extracts of tea consumption in China exceeded the figures recorded by the second-largest consumer, India (70K tonnes), threefold. The third position in this ranking was occupied by the U.S. (54K tonnes), with a 5.6% share.
What are the largest producers of extracts, essences and concentrates of tea or mate in the world?
+
China (188K tonnes) constituted the country with the largest volume of extracts of tea production, comprising approx. 21% of total volume. Moreover, extracts of tea production in China exceeded the figures recorded by the second-largest producer, India (76K tonnes), twofold. The third position in this ranking was occupied by Japan (38K tonnes), with a 4.1% share.
What are the leading suppliers of extracts, essences and concentrates of tea or mate to the Philippines?
+
In value terms, China ($2.2M), Taiwan (Chinese) ($1.5M) and India ($924K) constituted the largest extracts of tea suppliers to the Philippines, together comprising 62% of total imports.
What are the leading importers of extracts, essences and concentrates of tea or mate from the Philippines?
+
In value terms, Guam ($40K), the United Arab Emirates ($27K) and Saudi Arabia ($16K) were the largest markets for extracts of tea exported from the Philippines worldwide, with a combined 35% share of total exports. These countries were followed by the U.S., Australia, Solomon Islands, Palau, Hong Kong SAR, Taiwan (Chinese), Kuwait, American Samoa, Canada and Indonesia, which together accounted for a further 29%.
What is the average export price for extracts, essences and concentrates of tea or mate in the Philippines?
+
In 2020, the average extracts of tea export price amounted to $2,954 per tonne, picking up by 22% against the previous year.
What is the average import price for extracts, essences and concentrates of tea or mate in the Philippines?
+
In 2020, the average extracts of tea import price amounted to $1,780 per tonne, dropping by -11.4% against the previous year.

Product coverage:
• Prodcom 10831400 - Extracts, essences and concentrates of tea or mate, and preparations with a basis of these extracts, essences or concentrates, or with a basis of tea or mate

This report provides an in-depth analysis of the extracts of tea 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
TOP EXPORTING COUNTRIES
5.4
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 VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
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:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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