Price for Vegetable Products Not Elsewhere Specified or Included in the Philippines - 2024
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in the Philippines (FOB) - 2022
- Price for Vegetable Products Not Elsewhere Specified or Included in the Philippines (CIF) - 2022
- Exports of Vegetable Products Not Elsewhere Specified or Included in the Philippines
- Imports of Vegetable Products Not Elsewhere Specified or Included in the Philippines
Price for Vegetable Products Not Elsewhere Specified or Included in the Philippines (FOB) - 2022
In 2022, the average export price for vegetable products not elsewhere specified or includeds amounted to $757 per ton, rising by 8.7% against the previous year. Overall, the export price posted a tangible increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 134% against the previous year. The export price peaked at $846 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($777 per ton), while the average price for exports to South Korea ($249 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 Turkey (+106.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vegetable Products Not Elsewhere Specified or Included in the Philippines (CIF) - 2022
The average import price for vegetable products not elsewhere specified or includeds stood at $1,163 per ton in 2022, leveling off at the previous year. In general, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 89% against the previous year. The import price peaked at $2,148 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1,203 per ton), while the price for China ($788 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vegetable Products Not Elsewhere Specified or Included in the Philippines
In 2022, the amount of vegetable products not elsewhere specified or includeds exported from the Philippines surged to 3.5K tons, jumping by 174% on 2021 figures. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 531% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of vegetable products not elsewhere specified or includeds surged to $2.6M in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 583%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Vegetable Products Not Elsewhere Specified or Included in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 34.9 | 388 | 495 | 1,268 | 231.2% |
| Italy | N/A | 36.6 | N/A | 855 | 383.3% |
| Canada | N/A | 76.7 | 159 | 237 | 75.8% |
| Qatar | N/A | 17.4 | 12.7 | 42.0 | 55.4% |
| Taiwan (Chinese) | N/A | 25.8 | N/A | 27.6 | 3.4% |
| China | 29.7 | 69.5 | 51.3 | 14.4 | -21.4% |
| Turkey | 15.0 | 112 | N/A | N/A | 646.7% |
| Others | 32.9 | 42.0 | 158 | 170 | 72.9% |
| Total | 112 | 767 | 877 | 2,615 | 185.8% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from the Philippines in 2022:
- United States (1631.2 tons)
- Italy (1100.4 tons)
- Canada (359.2 tons)
- Qatar (75.7 tons)
- Taiwan (Chinese) (66.8 tons)
- China (31.4 tons)
Imports of Vegetable Products Not Elsewhere Specified or Included in the Philippines
In 2022, the amount of vegetable products not elsewhere specified or includeds imported into the Philippines surged to 1.1K tons, with an increase of 509% on the year before. Over the period under review, imports continue to indicate significant growth.
In value terms, imports of vegetable products not elsewhere specified or includeds surged to $1.3M in 2022. Overall, imports showed a buoyant increase.
| Import of Vegetable Products Not Elsewhere Specified or Included in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 10.6 | N/A | N/A | 1,031 | 359.9% |
| China | 848 | 1,934 | 59.1 | 118 | -48.2% |
| Ireland | N/A | N/A | N/A | 108 | 0% |
| Thailand | 14.7 | 12.8 | 40.0 | 41.1 | 40.9% |
| India | 12.2 | N/A | 101 | 1.8 | -47.2% |
| Others | 43.3 | 50.4 | 19.7 | 28.2 | -13.3% |
| Total | 928 | 1,997 | 220 | 1,329 | 12.7% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to the Philippines in 2022:
- Malaysia (857.1 tons)
- China (149.9 tons)
- Ireland (90.1 tons)
- Thailand (34.2 tons)
- India (1.5 tons)
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