Philippines: Orange Juice Market Overview 2020

Orange Juice Market Size in the Philippines

The revenue of the orange juice market in the Philippines amounted to $X in 2018, going up by X% against the previous year. Overall, the total market indicated a perceptible expansion from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, orange juice consumption increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2018 when the market value increased by X% year-to-year. In that year, the orange juice market attained its peak level and is likely to continue its growth in the immediate term.

Orange Juice Production in the Philippines

In value terms, orange juice production amounted to $X in 2018 estimated in export prices. Over the period under review, orange juice production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, orange juice production attained its peak level and is likely to continue its growth in the immediate term.

Orange Juice Exports

Exports from the Philippines

In 2018, the orange juice exports from the Philippines amounted to X tonnes, jumping by X% against the previous year. In general, orange juice exports, however, continue to indicate a perceptible drop. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Over the period under review, orange juice exports reached their peak figure at X tonnes in 2009; however, from 2010 to 2018, exports stood at a somewhat lower figure.

In value terms, orange juice exports amounted to $X in 2018. Overall, orange juice exports, however, continue to indicate a mild expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, orange juice exports reached their maximum at $X in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X tonnes) was the main destination for orange juice exports from the Philippines, with a X% share of total exports. Moreover, orange juice exports to the U.S. exceeded the volume sent to the second major destination, Guam (X tonnes), more than tenfold. The third position in this ranking was occupied by Qatar (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guam (+X% per year) and Qatar (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for orange juice exports from the Philippines, comprising X% of total orange juice exports. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of total exports. It was followed by Guam, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China, Hong Kong SAR (-X% per year) and Guam (+X% per year).

Export Prices by Country

In 2018, the average orange juice export price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the orange juice export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% year-to-year. In that year, the average export prices for orange juice reached their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was China, Hong Kong SAR ($X per tonne), while the average price for exports to the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to China, Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Orange Juice Imports

Imports into the Philippines

In 2018, approx. X tonnes of orange juice were imported into the Philippines; growing by X% against the previous year. Over the period under review, orange juice imports, however, continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Imports peaked at X tonnes in 2009; however, from 2010 to 2018, imports failed to regain their momentum.

In value terms, orange juice imports stood at $X in 2018. In general, orange juice imports, however, continue to indicate a notable expansion. The pace of growth was the most pronounced in 2012 when imports increased by X% y-o-y. Over the period under review, orange juice imports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

South Africa (X tonnes), Portugal (X tonnes) and Germany (X tonnes) were the main suppliers of orange juice imports to the Philippines, together comprising X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by South Africa (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest orange juice suppliers to the Philippines were the U.S. ($X), Germany ($X) and South Africa ($X), with a combined X% share of total imports. These countries were followed by Australia, Israel, Brazil, Thailand, Austria, Portugal and Cyprus, which together accounted for a further X (+X% per year) experienced the highest growth rate of imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average orange juice import price amounted to $X per tonne, going down by -X% against the previous year. Overall, the import price indicated a resilient increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, orange juice import price increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2012 an increase of X% year-to-year. The import price peaked at $X per tonne in 2017, and then declined slightly in the following year.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform