Philippines: Pineapple Market 2024

Pineapple Market Size in the Philippines

The Philippine pineapple market dropped slightly to $X in 2022, waning by X% against the previous year. Overall, consumption, however, recorded a buoyant expansion. Over the period under review, the market hit record highs at $X in 2021, and then shrank slightly in the following year.

Pineapple Production in the Philippines

In value terms, pineapple production contracted to $X in 2022 estimated in export price. In general, production, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

In 2022, the average yield of pineapples in the Philippines fell modestly to X tons per ha, remaining relatively unchanged against 2021. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the yield increased by X% against the previous year. Over the period under review, the average pineapple yield hit record highs at X tons per ha in 2019; however, from 2020 to 2022, 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 2022, the pineapple harvested area in the Philippines amounted to X ha, standing approx. at the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2013 when the harvested area increased by X%. The pineapple harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

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Pineapple Exports

Exports from the Philippines

After two years of decline, shipments abroad of pineapples increased by X% to X tons in 2022. In general, exports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, pineapple exports soared to $X in 2022. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), Japan (X tons) and South Korea (X tons) were the main destinations of pineapple exports from the Philippines, with a combined X% share of total exports. The United Arab Emirates, Iran, Saudi Arabia, Hong Kong SAR and Singapore lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for pineapple exported from the Philippines were China ($X), Japan ($X) and South Korea ($X), together accounting for X% of total exports.

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

Export Prices by Country

In 2022, the average pineapple export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price posted a remarkable increase. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to Singapore ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pineapple Imports

Imports into the Philippines

In 2022, the amount of pineapples imported into the Philippines contracted significantly to X tons, which is down by X% against the previous year. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then declined significantly in the following year.

In value terms, pineapple imports shrank rapidly to $X in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at $X in 2021, and then dropped notably in the following year.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of pineapple to the Philippines, with a X% share of total imports. Moreover, pineapple imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold.

From 2013 to 2022, the average annual rate of growth in terms of volume from Thailand stood at X%.

In value terms, Thailand ($X) constituted the largest supplier of pineapples to the Philippines, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2013 to 2022, the average annual growth rate of value from Thailand totaled X%.

Import Prices by Country

The average pineapple import price stood at $X per ton in 2022, approximately mirroring the previous year. In general, the import price, however, saw a abrupt descent. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for China totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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