Philippines: Candied Fruit Market Overview 2021

Candied Fruit Market Size in the Philippines

In 2019, the Philippine candied fruit market decreased by -X% to $X, falling for the third year in a row after two years of growth. Overall, consumption recorded a abrupt downturn. The pace of growth was the most pronounced in 2016 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2008; however, from 2009 to 2019, consumption remained at a lower figure.

Candied Fruit Production in the Philippines

In value terms, candied fruit production contracted to $X in 2019 estimated in export prices. In general, production, however, posted resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2019, production remained at a lower figure.

In 2019, the average yield of candied fruits in the Philippines amounted to X kg per ha, approximately mirroring 2018 figures. Over the period under review, the yield recorded 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 2019, approx. X ha of candied fruits were harvested in the Philippines; remaining constant against 2018 figures. In general, the harvested area recorded a relatively flat trend pattern.

Candied Fruit Exports

Exports from the Philippines

In 2019, overseas shipments of candied fruits increased by X% to X tonnes, rising for the third year in a row after two years of decline. In general, exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Exports peaked in 2019 and are expected to retain growth in years to come.

In value terms, candied fruit exports reached $X in 2019. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Exports peaked in 2019 and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tonnes), the UK (X tonnes) and China (X tonnes) were the main destinations of candied fruit exports from the Philippines, with a combined X% share of total exports. These countries were followed by the United Arab Emirates, the U.S., Qatar, Macao SAR, Germany and Japan, which together accounted for a further X 2007 to 2019, the biggest increases were in Macao SAR (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for candied fruit exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Argentina (+X% per year).

Export Prices by Country

The average candied fruit export price stood at $X per tonne in 2019, shrinking by -X% against the previous year. In general, the export price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2015; however, from 2016 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was China ($X per tonne), while the average price for exports to the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Candied Fruit Imports

Imports into the Philippines

In 2019, overseas purchases of candied fruits increased by X% to X tonnes, rising for the third consecutive year after four years of decline. Overall, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, candied fruit imports surged to $X in 2019. Over the period under review, imports recorded prominent growth. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2019 and are likely to see steady growth in the immediate term.

Imports by Country

In 2019, Cambodia (X tonnes) constituted the largest supplier of candied fruit to the Philippines, with a X% share of total imports. Moreover, candied fruit imports from Cambodia exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), ninefold.

From 2007 to 2019, the average annual growth rate of volume from Cambodia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and China (-X% per year).

In value terms, Cambodia ($X) constituted the largest supplier of candied fruit to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from Cambodia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and China (-X% per year).

Import Prices by Country

In 2019, the average candied fruit import price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the import price showed a pronounced contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2016; however, from 2017 to 2019, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was Cambodia ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for candied fruits in the world?

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The country with the largest volume of candied fruit consumption was China (83K tonnes), accounting for 45% of total volume. Moreover, candied fruit consumption in China exceeded the figures recorded by the second-largest consumer, Japan (7.6K tonnes), more than tenfold. Malaysia (5.7K tonnes) ranked third in terms of total consumption with a 3.1% share.

What are the largest producers of candied fruits in the world?

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China (192K tonnes) remains the largest candied fruit producing country worldwide, comprising approx. 61% of total volume. Moreover, candied fruit production in China exceeded the figures recorded by the second-largest producer, Thailand (63K tonnes), threefold.

What are the leading suppliers of candied fruits to the Philippines?

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In value terms, Cambodia ($1.3M) constituted the largest supplier of candied fruit to the Philippines, comprising 89% of total imports. The second position in the ranking was occupied by the U.S. ($101K), with a 6.7% share of total imports.

What are the leading importers of candied fruits from the Philippines?

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In value terms, China ($5M) remains the key foreign market for candied fruit exports from the Philippines, comprising 53% of total exports. The second position in the ranking was occupied by the UK ($1.2M), with a 13% share of total exports. It was followed by Argentina, with a 11% share.

What is the average export price for candied fruits in the Philippines?

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The average candied fruit export price stood at $4,311 per tonne in 2019, with a decrease of -9.4% against the previous year.

What is the average import price for candied fruits in the Philippines?

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The average candied fruit import price stood at $1,788 per tonne in 2019, declining by -38.6% against the previous year.