Philippines - Chocolate And Other Food Preparations Containing Cocoa - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Chocolate and Other Food Preparations Containing Cocoa in the Philippines - 2024
Contents:
- Price for Chocolate and Other Food Preparations Containing Cocoa in the Philippines (CIF) - 2024
- Price for Chocolate and Other Food Preparations Containing Cocoa in the Philippines (FOB) - 2024
- Imports of Chocolate and Other Food Preparations Containing Cocoa in the Philippines
- Exports of Chocolate and Other Food Preparations Containing Cocoa in the Philippines
Price for Chocolate and Other Food Preparations Containing Cocoa in the Philippines (CIF) - 2024
The average import price for chocolate and other food preparations containing cocoa stood at $3,149 per ton in July 2023, approximately equating the previous month. Over the period under review, the import price showed a perceptible reduction. The pace of growth was the most pronounced in March 2023 when the average import price increased by 8.6% against the previous month. The import price peaked at $3,615 per ton in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($5,526 per ton), while the price for Indonesia ($2,588 per ton) was amongst the lowest.
From January 2023 to July 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chocolate and Other Food Preparations Containing Cocoa in the Philippines (FOB) - 2024
In July 2023, the average export price for chocolate and other food preparations containing cocoa amounted to $4,556 per ton, falling by -6.4% against the previous month. Over the period from January 2023 to July 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in February 2023 an increase of 17% against the previous month. As a result, the export price attained the peak level of $4,992 per ton. From March 2023 to July 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($4,995 per ton), while the average price for exports to the United States ($1,467 per ton) was amongst the lowest.
From January 2023 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+48.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chocolate and Other Food Preparations Containing Cocoa in the Philippines
In 2022, the amount of chocolate and other food preparations containing cocoa imported into the Philippines rose markedly to 6.4K tons, growing by 7.2% against the previous year's figure. In general, imports, however, recorded a perceptible setback.
In value terms, imports of chocolate and other food preparations containing cocoa skyrocketed to $21M in 2022. The total import value increased at an average annual rate of +10.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chocolate and Other Food Preparations Containing Cocoa in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 4.1 | 6.9 | 7.5 | 9.3 | 31.4% |
| Singapore | 4.9 | 3.0 | 4.5 | 4.6 | -2.1% |
| United States | 1.3 | 0.8 | 1.4 | 1.7 | 9.4% |
| Indonesia | 1.8 | 1.5 | 1.1 | 1.5 | -5.9% |
| Belgium | 0.8 | 1.0 | 1.2 | 1.5 | 23.3% |
| Thailand | 0.3 | 0.5 | 0.6 | 0.6 | 26.0% |
| Turkey | N/A | N/A | N/A | 0.5 | 0% |
| Bangladesh | 0.7 | 1.0 | 0.1 | N/A | -62.2% |
| Others | 1.9 | 1.0 | 1.8 | 1.6 | -5.6% |
| Total | 15.8 | 15.6 | 18.2 | 21.4 | 10.6% |
Top Suppliers of Chocolate and Other Food Preparations Containing Cocoa to the Philippines in 2022:
- Malaysia (2849.9 tons)
- Singapore (1410.8 tons)
- United States (610.9 tons)
- Indonesia (542.1 tons)
- Belgium (324.5 tons)
- Thailand (218.4 tons)
- Turkey (182.7 tons)
Exports of Chocolate and Other Food Preparations Containing Cocoa in the Philippines
In 2022, exports of chocolate and other food preparations containing cocoa from the Philippines surged to 561 tons, increasing by 57% against the year before. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 3,557% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, exports of chocolate and other food preparations containing cocoa skyrocketed to $2.3M in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 3,217% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Chocolate and Other Food Preparations Containing Cocoa in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 0.1 | 736 | 1,298 | 11293.0% |
| United States | 0.3 | N/A | 1.4 | 529 | 1108.1% |
| Taiwan (Chinese) | 6.3 | N/A | N/A | 166 | 197.6% |
| Malaysia | N/A | 3.7 | 266 | 105 | 432.7% |
| Vietnam | 185 | N/A | 75.4 | 70.2 | -27.6% |
| Saudi Arabia | N/A | 6.8 | N/A | 43.2 | 152.1% |
| Hong Kong SAR | 1.1 | 0.2 | 205 | 7.5 | 89.6% |
| Northern Mariana Islands | 14.5 | N/A | N/A | N/A | 0% |
| Others | 130 | 34.6 | 224 | 83.5 | -13.7% |
| Total | 338 | 45.4 | 1,507 | 2,302 | 89.6% |
Top Export Markets for Chocolate and Other Food Preparations Containing Cocoa from the Philippines in 2022:
- China (276.7 tons)
- United States (192.2 tons)
- Taiwan (Chinese) (30.2 tons)
- Vietnam (17.5 tons)
- Malaysia (15.8 tons)
- Saudi Arabia (10.2 tons)
- Hong Kong SAR (1.8 tons)
This report provides an in-depth analysis of the chocolate 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 2030.
Product coverage:
- Prodcom 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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