Philippines: Pineapple Market 2023

Pineapple Market Size in the Philippines The Philippine pineapple market contracted slightly to $X in 2022, waning by -4.4% against the previous year. Overall, consumption, however, enjoyed a resilient increase. Pineapple consumption peaked at $X in 2021, and then declined slightly in the following year Please mention the Source: https://www.indexbox.io/store/philippines-pineapples-market-report-analysis-and-forecast-to-2020/

Pineapple Production in the Philippines

In value terms, pineapple production contracted to $X in 2022 estimated in export price. In general, production, however, recorded a resilient increase. The growth pace was the most rapid in 2019 when the production volume increased by 88% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure. In 2022, the average pineapple yield in the Philippines fell slightly to X tons per ha, waning by -2.6% against the previous year's figure. In general, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the yield increased by 5.4% against the previous year. As a result, the yield reached the peak level of X tons per ha, and then dropped slightly in the following year. 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 fell to X ha, remaining constant against 2021 figures. The harvested area increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the harvested area increased by 4%. Over the period under review, the harvested area dedicated to pineapple production attained the maximum at X ha in 2021, and then reduced slightly in the following year Please mention the Source: https://www.indexbox.io/store/philippines-pineapples-market-report-analysis-and-forecast-to-2020/

Exports from the Philippines

In 2022, after two years of decline, there was significant growth in shipments abroad of pineapples, when their volume increased by 6.1% to X tons. Over the period under review, exports, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 112% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure. In value terms, pineapple exports soared to $X in 2022. Overall, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 when exports increased by 117%. The exports peaked in 2022 and are expected to retain growth in the immediate term. Exports by Country China (X tons), Japan (X tons) and South Korea (X tons) were the main destinations of pineapple exports from the Philippines, with a combined 87% share of total exports. The United Arab Emirates, Iran, Saudi Arabia, Hong Kong SAR and Singapore lagged somewhat behind, together comprising a further 10%. From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +25.7%), while shipments for the other leaders experienced mixed trend patterns. In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the largest markets for pineapple exported from the Philippines worldwide, with a combined 87% share of total exports. Among the main countries of destination, China, with a CAGR of +44.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth. Export Prices by Country The average pineapple export price stood at $X per ton in 2022, with an increase of 11% against the previous year. Overall, the export price recorded a buoyant expansion. The growth pace was the most rapid in 2019 an increase of 58% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future. Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($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 (+18.8%), while the prices for the other major destinations experienced more modest paces of growth Please mention the Source: https://www.indexbox.io/store/philippines-pineapples-market-report-analysis-and-forecast-to-2020/

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 87% share of total exports. The United Arab Emirates, Iran, Saudi Arabia, Hong Kong SAR and Singapore lagged somewhat behind, together comprising a further 10%. From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +25.7%), while shipments for the other leaders experienced mixed trend patterns. In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the largest markets for pineapple exported from the Philippines worldwide, with a combined 87% share of total exports. Among the main countries of destination, China, with a CAGR of +44.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth. Export Prices by Country The average pineapple export price stood at $X per ton in 2022, with an increase of 11% against the previous year. Overall, the export price recorded a buoyant expansion. The growth pace was the most rapid in 2019 an increase of 58% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future. Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($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 (+18.8%), while the prices for the other major destinations experienced more modest paces of growth

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Source: https://www.indexbox.io/store/philippines-pineapples-market-report-analysis-and-forecast-to-2020/