Philippines: Papaya Market 2022

Papaya Market Size in the Philippines

The Philippine papaya market skyrocketed to $X in 2020, growing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. from 2009 to 2020, the growth of the market failed to regain the momentum.

Papaya Production in the Philippines

In value terms, papaya production surged to $X in 2020 estimated in export prices. In general, the total production indicated a modest expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2018 indices. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. As a result, production reached the peak level of $X. from 2009 to 2020, production growth failed to regain the momentum.

The average yield of papayas in the Philippines reduced modestly to X tonnes per ha in 2020, falling by -X% on the year before. The yield figure increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, the average papaya yield attained the peak level at X tonnes per ha in 2015; however, from 2016 to 2020, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of papayas were harvested in the Philippines; approximately reflecting the previous year's figure. Overall, the harvested area, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to papaya production reached the peak figure at X ha in 2008; however, from 2009 to 2020, the harvested area remained at a lower figure.

Papaya Exports

Exports from the Philippines

In 2020, after three years of growth, there was decline in overseas shipments of papayas, when their volume decreased by -X% to X tonnes. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, papaya exports soared to $X in 2020. In general, exports continue to indicate slight growth. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Exports peaked in 2020 and are likely to see steady growth in years to come.

Exports by Country

Japan (X tonnes), China (X tonnes) and Hong Kong SAR (X tonnes) were the main destinations of papaya exports from the Philippines, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in China, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for papaya exported from the Philippines were Japan ($X), China ($X) and Hong Kong SAR ($X), with a combined X% share of total exports.

In terms of the main countries of destination, China recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average papaya export price stood at $X per tonne in 2020, jumping by X% against the previous year. Overall, export price indicated mild growth 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. Based on 2020 figures, papaya export price increased by +X% against 2018 indices. The growth pace was the most rapid in 2019 when the average export price increased by X% y-o-y. The export price peaked in 2020 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2020, the highest prices were recorded for prices to Japan ($X per tonne) and New Zealand ($X per tonne), while the average price for exports to Singapore ($X per tonne) and China ($X per tonne) were 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.

Papaya Imports

Imports into the Philippines

In 2020, overseas purchases of papayas decreased by -X% to X kg, falling for the ninth consecutive year after two years of growth. Overall, imports faced a sharp decrease. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

In value terms, papaya imports reduced rapidly to $X in 2020. In general, imports faced a sharp downturn. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Brazil (X kg) constituted the largest papaya supplier to the Philippines, accounting for a X% share of total imports. Moreover, papaya imports from Brazil exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), fourfold.

From 2007 to 2020, the average annual growth rate of volume from Brazil stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Mozambique (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of papaya to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from the Netherlands totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and Mozambique (X% per year).

Import Prices by Country

In 2020, the average papaya import price amounted to $X per tonne, falling by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2014; however, from 2015 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 Netherlands ($X per tonne), while the price for Brazil ($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 Netherlands (+X% per year), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform