Philippines - Papayas - Market Analysis, Forecast, Size, Trends and Insights

Philippines: Papaya Market Overview 2020

Papaya Market Size in the Philippines

The revenue of the papaya market in the Philippines amounted to $X in 2018, waning by -X% against the previous year. Overall, papaya consumption, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. In that year, the papaya market attained its peak level of $X. From 2009 to 2018, the growth of the papaya market failed to regain its momentum.

Papaya Production in the Philippines

In value terms, papaya production amounted to $X in 2018 estimated in export prices. Over the period under review, papaya production continues to indicate a moderate curtailment. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. In that year, papaya production reached its peak level of $X. From 2009 to 2018, papaya production growth failed to regain its momentum.

Average yield of papayas in the Philippines totaled X tonne per ha in 2018, growing by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, the average papaya yield reached its peak figure level at X tonne per ha in 2015; however, from 2016 to 2018, 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 2018, approx. X ha of papayas were harvested in the Philippines; shrinking by -X% against the previous year. Over the period under review, the papaya harvested area continues to indicate a slight descent. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to papaya production attained its maximum at X ha in 2008; however, from 2009 to 2018, harvested area remained at a lower figure.

Papaya Exports

Exports from the Philippines

Papaya exports from the Philippines stood at X tonnes in 2018, rising by X% against the previous year. In general, papaya exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, papaya exports attained their peak figure at X tonnes in 2013; however, from 2014 to 2018, exports remained at a lower figure.

In value terms, papaya exports amounted to $X in 2018. Over the period under review, papaya exports, however, continue to indicate a temperate slump. The pace of growth was the most pronounced in 2013 when exports increased by X% y-o-y. In that year, papaya exports reached their peak of $X. From 2014 to 2018, the growth of papaya exports failed to regain its momentum.

Exports by Country

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

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for papaya exported from the Philippines were China ($X), New Zealand ($X) and Japan ($X), together comprising X% of total exports. South Korea, Singapore, Australia and China, Hong Kong SAR lagged somewhat behind, together accounting for a further X the main countries of destination, Australia recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average papaya export price amounted to $X per tonne, lowering by -X% against the previous year. Over the period under review, the papaya export price continues to indicate a temperate shrinkage. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. In that year, the average export prices for papayas reached their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the average export prices for papayas failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Australia ($X per tonne), while the average price for exports to China, Hong Kong SAR ($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 Australia, while the prices for the other major destinations experienced a decline.

Papaya Imports

Imports into the Philippines

Papaya imports into the Philippines stood at X kg in 2018, falling by -X% against the previous year. In general, papaya imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, papaya imports attained their peak figure at X kg in 2017, and then declined slightly in the following year.

In value terms, papaya imports totaled $X in 2018. Overall, papaya imports, however, continue to indicate modest growth. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, papaya imports attained their maximum at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, Brazil (X kg) was the main papaya supplier to the Philippines, accounting for a approx. X% share of total imports.

From 2007 to 2018, the average annual growth rate of volume from Brazil was relatively modest.

In value terms, Brazil ($X) constituted the largest supplier of papaya to the Philippines.

From 2007 to 2018, the average annual growth rate of value from Brazil was relatively modest.

Import Prices by Country

In 2018, the average papaya import price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the papaya import price continues to indicate an abrupt drop. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2007 to 2018, the rate of growth in terms of prices for Brazil amounted to X% per year.

Source: IndexBox AI Platform