Philippines: Vegetable And Melon Market 2024

Vegetable And Melon Market Size in the Philippines

The Philippine vegetable and melon market was estimated at $X in 2022, approximately mirroring the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the market value increased by X%. Vegetable and melon consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Vegetable And Melon Production in the Philippines

In value terms, vegetable and melon production stood at $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The average yield of vegetables and melons in the Philippines stood at X tons per ha in 2022, remaining constant against the previous year's figure. Overall, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the average vegetable and melon yield reached the maximum level at X tons per ha in 2014; however, from 2015 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 harvested area of vegetables and melons in the Philippines fell modestly to X ha, remaining stable against the year before. In general, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to vegetable and melon production reached the maximum at X ha in 2019; however, from 2020 to 2022, the harvested area stood at a somewhat lower figure.

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Vegetable And Melon Exports

Exports from the Philippines

In 2022, the amount of vegetables and melons exported from the Philippines dropped remarkably to X tons, declining by X% compared with the previous year. Over the period under review, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, vegetable and melon exports reduced rapidly to $X in 2022. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for vegetable and melon exports from the Philippines, accounting for a X% share of total exports. Moreover, vegetable and melon exports to Japan exceeded the volume sent to the second major destination, Singapore (X tons), fivefold. The third position in this ranking was held by Indonesia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Indonesia (X% per year).

In value terms, Japan ($X) remains the key foreign market for vegetables and melons exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average vegetable and melon export price amounted to $X per ton, which is down by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

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

Vegetable And Melon Imports

Imports into the Philippines

In 2022, vegetable and melon imports into the Philippines shrank significantly to X tons, waning by X% compared with 2021. Over the period under review, imports, however, recorded notable growth. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable and melon imports dropped sharply to $X in 2022. In general, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at $X in 2021, and then dropped significantly in the following year.

Imports by Country

The United States (X tons), China (X tons) and Australia (X tons) were the main suppliers of vegetable and melon imports to the Philippines, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of vegetables and melons to the Philippines, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Australia, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Australia (X% per year).

Import Prices by Country

In 2022, the average vegetable and melon import price amounted to $X per ton, rising by X% against the previous year. In general, the import price recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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