Philippines: Candied Fruit Market Overview 2021

Candied Fruit Market Size in the Philippines

In 2020, the Philippine candied fruit market decreased by -X% to $X for the first time since 2014, thus ending a five-year rising trend. Over the period under review, consumption showed a abrupt setback. The most prominent rate of growth was recorded in 2015 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2019, and then dropped sharply in the following year.

Candied Fruit Production in the Philippines

In value terms, candied fruit production skyrocketed to $X in 2020 estimated in export prices. In general, production recorded a strong increase. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2020, production failed to regain the momentum.

In 2020, the average yield of candied fruits in the Philippines was estimated at X kg per ha, approximately mirroring the year before. Overall, 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 2020, the harvested area of candied fruits in the Philippines amounted to X ha, approximately mirroring 2019. Overall, the harvested area recorded a relatively flat trend pattern.

Candied Fruit Exports

Exports from the Philippines

After five years of decline, shipments abroad of candied fruits increased by X% to X tonnes in 2020. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Exports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, candied fruit exports soared to $X in 2020. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2015; however, from 2016 to 2020, exports remained at a lower figure.

Exports by Country

Iran (X tonnes), the United Arab Emirates (X tonnes) and Germany (X tonnes) were the main destinations of candied fruit exports from the Philippines, together comprising X% of total exports. China, the U.S., Argentina, the UK, Viet Nam, Bahrain and Australia lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK, while exports for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, 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 United Arab Emirates (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2020, the average candied fruit export price amounted to $X per tonne, jumping by X% against the previous year. Over the period under review, the export price continues to indicate measured growth. Over the period under review, average export prices hit record highs at $X per tonne in 2015; however, from 2016 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per tonne), while the average price for exports to Iran ($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 China, while the prices for the other major destinations experienced more modest paces of growth.

Candied Fruit Imports

Imports into the Philippines

In 2020, supplies from abroad of candied fruits increased by X% to X tonnes, rising for the fourth year in a row after four years of decline. Over the period under review, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in years to come.

In value terms, candied fruit imports expanded rapidly to $X in 2020. Overall, imports posted strong growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2020 and are likely to see steady growth in years to come.

Imports by Country

In 2020, Thailand (X tonnes) constituted the largest supplier of candied fruit to the Philippines, with a X% share of total imports. Moreover, candied fruit imports from Thailand exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tonnes), fourfold. The U.S. (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Thailand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and the U.S. (+X% per year).

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

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

Import Prices by Country

The average candied fruit import price stood at $X per tonne in 2020, shrinking by -X% against the previous year. In general, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the maximum at $X per tonne in 2016; however, from 2017 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform