Philippines - Peaches And Nectarines - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Philippines: Peach And Nectarine Market Overview 2020

Peach And Nectarine Market Size in the Philippines

The revenue of the peach and nectarine market in the Philippines amounted to $X in 2018, approximately reflecting the previous year. Overall, peach and nectarine consumption continues to indicate a mild drop. The pace of growth appeared the most rapid in 2015 when the market value increased by X% year-to-year. Over the period under review, the peach and nectarine market attained its maximum level at $X in 2010; however, from 2011 to 2018, consumption stood at a somewhat lower figure.

Peach And Nectarine Production in the Philippines

In value terms, peach and nectarine production amounted to $X in 2018 estimated in export prices. In general, peach and nectarine production continues to indicate a skyrocketing increase. Over the period under review, peach and nectarine production attained its maximum level at $X in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.

Average yield of peaches and nectarines in the Philippines totaled X kg per ha in 2018, remaining stable against the previous year. Overall, the peach and nectarine yield continues to indicate 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 2018, the peach and nectarine harvested area in the Philippines totaled X ha, remaining stable against the previous year. Over the period under review, the peach and nectarine harvested area continues to indicate a relatively flat trend pattern.

Peach And Nectarine Exports

Exports from the Philippines

In 2018, the amount of peaches and nectarines exported from the Philippines totaled X tonnes, jumping by X% against the previous year. Overall, peach and nectarine exports continue to indicate remarkable growth. The growth pace was the most rapid in 2011 when exports increased by X% year-to-year. Over the period under review, peach and nectarine exports attained their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, peach and nectarine exports totaled $X in 2018. Over the period under review, peach and nectarine exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. Exports peaked in 2018 and are likely to continue its growth in the near future.

Exports by Country

Kuwait (X tonnes) was the main destination for peach and nectarine exports from the Philippines, accounting for a X% share of total exports. Moreover, peach and nectarine exports to Kuwait exceeded the volume sent to the second major destination, Bahrain (X tonnes), more than tenfold.

From 2007 to 2018, the average annual growth rate of volume to Kuwait stood at +X%.

In value terms, Kuwait ($X) remains the key foreign market for peach and nectarine exports from the Philippines, comprising X% of total peach and nectarine exports. The second position in the ranking was occupied by Bahrain ($X), with a X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of value to Kuwait stood at +X%.

Export Prices by Country

The average peach and nectarine export price stood at $X per tonne in 2018, declining by -X% against the previous year. Overall, the peach and nectarine export price continues to indicate a noticeable drop. The pace of growth was the most pronounced in 2009 when the average export price increased by X% y-o-y. Over the period under review, the average export prices for peaches and nectarines reached their maximum at $X per tonne in 2010; however, from 2011 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Kuwait ($X per tonne), while the average price for exports to Bahrain totaled $X per tonne.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait.

Peach And Nectarine Imports

Imports into the Philippines

In 2018, the amount of peaches and nectarines imported into the Philippines amounted to X tonnes, lowering by -X% against the previous year. Overall, peach and nectarine imports, however, continue to indicate a measured expansion. The pace of growth was the most pronounced in 2015 when imports increased by X% year-to-year. In that year, peach and nectarine imports reached their peak of X tonnes. From 2016 to 2018, the growth of peach and nectarine imports remained at a somewhat lower figure.

In value terms, peach and nectarine imports stood at $X in 2018. Over the period under review, peach and nectarine imports, however, continue to indicate a slight descent. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Over the period under review, peach and nectarine imports attained their maximum at $X in 2012; however, from 2013 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Greece (X tonnes) constituted the largest supplier of peach and nectarine to the Philippines, accounting for a X% share of total imports. Moreover, peach and nectarine imports from Greece exceeded the figures recorded by the second-largest supplier, Singapore (X tonnes), threefold. Australia (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Greece stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+X% per year) and Australia (+X% per year).

In value terms, Greece ($X) constituted the largest supplier of peach and nectarine to the Philippines, comprising X% of total peach and nectarine imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Greece stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Singapore (+X% per year).

Import Prices by Country

The average peach and nectarine import price stood at $X per tonne in 2018, remaining relatively unchanged against the previous year. Overall, the peach and nectarine import price, however, continues to indicate a moderate curtailment. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. In that year, the average import prices for peaches and nectarines attained their peak level of $X per tonne. From 2013 to 2018, the growth in terms of the average import prices for peaches and nectarines failed to regain its momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was China ($X per tonne), while the price for Australia ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform