Philippines: Peach And Nectarine Market Overview 2021

Peach And Nectarine Market Size in the Philippines

In 2019, the Philippine peach and nectarine market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2008 when the market value increased by X% year-to-year. Peach and nectarine consumption peaked at $X in 2010; however, from 2011 to 2019, consumption failed to regain the momentum.

Peach And Nectarine Production in the Philippines

In value terms, peach and nectarine production amounted to $X in 2019 estimated in export prices. Over the period under review, production recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Peach and nectarine production peaked at $X in 2012; however, from 2013 to 2019, production remained at a lower figure.

In 2019, the average peach and nectarine yield in the Philippines stood at X kg per ha, approximately equating the previous year. 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, the peach and nectarine harvested area in the Philippines stood at X ha, stabilizing at 2018. Over the period under review, the harvested area showed a relatively flat trend pattern.

Peach And Nectarine Exports

Exports from the Philippines

In 2019, overseas shipments of peaches and nectarines increased by X% to X tonnes, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes. From 2013 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, peach and nectarine exports reached $X in 2019. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2012 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. From 2013 to 2019, the growth exports remained at a lower figure.

Exports by Country

Kuwait (X tonnes) was the main destination for peach and nectarine exports from the Philippines, with a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Kuwait stood at +X%.

In value terms, Kuwait ($X) also remains the key foreign market for peach and nectarine exports from the Philippines.

From 2007 to 2019, the average annual growth rate of value to Kuwait amounted to +X%.

Export Prices by Country

The average peach and nectarine export price stood at $X per tonne in 2019, almost unchanged from the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2013 to 2019, the growth in terms of the average export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Kuwait.

From 2007 to 2019, the rate of growth in terms of prices for Kuwait amounted to +X% per year.

Peach And Nectarine Imports

Imports into the Philippines

In 2019, approx. X tonnes of peaches and nectarines were imported into the Philippines; increasing by X% against the year before. Overall, imports continue to indicate a mild expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2010; however, from 2011 to 2019, imports stood at a somewhat lower figure.

In value terms, peach and nectarine imports declined slightly to $X in 2019. In general, imports recorded a mild slump. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Imports peaked at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X tonnes), Greece (X tonnes) and the U.S. (X tonnes) were the main suppliers of peach and nectarine imports to the Philippines, with a combined X% share of total imports. Switzerland, Chile and Australia lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile, while imports for the other leaders experienced more modest paces of growth.

In value terms, Greece ($X), Singapore ($X) and Switzerland ($X) constituted the largest peach and nectarine suppliers to the Philippines, together comprising X% of total imports.

In terms of the main suppliers, Greece recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average peach and nectarine import price amounted to $X per tonne, dropping by -X% against the previous year. In general, the import price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Greece, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peaches and nectarines in the world?

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The country with the largest volume of peach and nectarine consumption was China (32M tonnes), comprising approx. 75% of total volume. Moreover, peach and nectarine consumption in China exceeded the figures recorded by the second-largest consumer, Italy (1.2M tonnes), more than tenfold. The third position in this ranking was occupied by Greece (763K tonnes), with a 1.8% share.

What are the largest producers of peaches and nectarines in the world?

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China (32M tonnes) constituted the country with the largest volume of peach and nectarine production, accounting for 75% of total volume. Moreover, peach and nectarine production in China exceeded the figures recorded by the second-largest producer, Spain (1.5M tonnes), more than tenfold. Italy (1.2M tonnes) ranked third in terms of total production with a 2.9% share.

What are the leading suppliers of peaches and nectarines to the Philippines?

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In value terms, Greece ($7K), Singapore ($4.8K) and Switzerland ($4.6K) appeared to be the largest peach and nectarine suppliers to the Philippines, with a combined 67% share of total imports.

What are the leading importers of peaches and nectarines from the Philippines?

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In value terms, Kuwait ($85K) remains the key foreign market for peach and nectarine exports from the Philippines.

What is the average export price for peaches and nectarines in the Philippines?

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In 2019, the average peach and nectarine export price amounted to $592 per tonne, approximately mirroring the previous year.

What is the average import price for peaches and nectarines in the Philippines?

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The average peach and nectarine import price stood at $856 per tonne in 2019, with a decrease of -10.5% against the previous year.