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Philippines - Preserved Asparagus - Market Analysis, Forecast, Size, Trends And Insights
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Philippines: Preserved Asparagus Market Overview 2021

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Preserved Asparagus Market Size in the Philippines

In 2020, the Philippine preserved asparagus market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption saw a resilient expansion. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. Preserved asparagus consumption peaked in 2020 and is likely to continue growth in the near future.

Preserved Asparagus Production in the Philippines

In value terms, preserved asparagus production totaled $X in 2020 estimated in export prices. Overall, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Preserved asparagus production peaked in 2020 and is likely to see gradual growth in the immediate term.

Preserved Asparagus Exports

Exports from the Philippines

In 2020, shipments abroad of preserved asparagus decreased by -X% to X kg, falling for the second year in a row after three years of growth. Over the period under review, exports recorded a deep slump. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at X kg in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

In value terms, preserved asparagus exports dropped rapidly to $X in 2020. In general, exports showed a slight increase. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Exports peaked at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Palau (X kg) was the main destination for preserved asparagus exports from the Philippines, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Palau totaled +X%.

In value terms, Palau ($X) also remains the key foreign market for preserved asparagus exports from the Philippines.

From 2007 to 2020, the average annual rate of growth in terms of value to Palau stood at +X%.

Export Prices by Country

In 2020, the average preserved asparagus export price amounted to $X per tonne, increasing by X% against the previous year. Overall, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2016 to 2020, the growth in terms of the average export prices remained at a lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for Palau amounted to +X% per year.

Preserved Asparagus Imports

Imports into the Philippines

For the third year in a row, the Philippines recorded decline in overseas purchases of preserved asparagus, which decreased by -X% to X tonnes in 2020. In general, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes. From 2009 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, preserved asparagus imports declined notably to $X in 2020. Overall, imports showed a deep setback. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tonnes) was the main preserved asparagus supplier to the Philippines, accounting for a X% share of total imports. It was followed by Switzerland (X tonnes), with a X% share of total imports. The third position in this ranking was occupied by Peru (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+X% per year) and Peru (-X% per year).

In value terms, China ($X) constituted the largest supplier of preserved asparagus to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by Peru ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual growth rate of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-X% per year) and the U.S. (+X% per year).

Import Prices by Country

In 2020, the average preserved asparagus import price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% against the previous year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Switzerland ($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 U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for preserved asparagus in the world?
+
The countries with the highest volumes of preserved asparagus consumption in 2020 were Spain (42K tonnes), China (29K tonnes) and Germany (18K tonnes), with a combined 40% share of global consumption. These countries were followed by France, India, the U.S., Brazil, Russia, Denmark, Indonesia and Japan, which together accounted for a further 25%.
What are the largest producers of preserved asparagus in the world?
+
The country with the largest volume of preserved asparagus production was China (78K tonnes), accounting for 35% of total volume. Moreover, preserved asparagus production in China exceeded the figures recorded by the second-largest producer, Peru (36K tonnes), twofold. The third position in this ranking was occupied by India (11K tonnes), with a 4.8% share.
What are the leading suppliers of preserved asparagus to the Philippines?
+
In value terms, China ($101K) constituted the largest supplier of preserved asparagus to the Philippines, comprising 72% of total imports. The second position in the ranking was occupied by Peru ($14K), with a 10% share of total imports. It was followed by the U.S., with a 9.4% share.
What are the leading importers of preserved asparagus from the Philippines?
+
In value terms, Palau ($460) remains the key foreign market for preserved asparagus exports from the Philippines.
What is the average export price for preserved asparagus in the Philippines?
+
In 2020, the average preserved asparagus export price amounted to $4,179 per tonne, increasing by 2.3% against the previous year.
What is the average import price for preserved asparagus in the Philippines?
+
The average preserved asparagus import price stood at $1,754 per tonne in 2020, reducing by -4.9% against the previous year.

Product coverage:
• Prodcom 10391760 - Preserved asparagus (excluding prepared vegetable dishes and asparagus dried, frozen or preserved by vinegar or acetic acid)

This report provides an in-depth analysis of the preserved asparagus market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Philippines

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Philippines
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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