Price for Wilkings and Smilar Citrus Hybrid in the Philippines - 2023
Contents:
- Price for Wilkings and Smilar Citrus Hybrid in the Philippines (FOB) - 2022
- Price for Wilkings and Smilar Citrus Hybrid in the Philippines (CIF) - 2022
- Exports of Wilkings and Smilar Citrus Hybrid in the Philippines
- Imports of Wilkings and Smilar Citrus Hybrid in the Philippines
Price for Wilkings and Smilar Citrus Hybrid in the Philippines (FOB) - 2022
In 2022, the average export price for fruit, edible amounted to $1,202 per ton, rising by 1.6% against the previous year. Over the last two years, it increased at an average annual rate of +6.1%. The pace of growth was the most pronounced in 2021 when the average export price increased by 11%. The export price peaked in 2022 and is expected to retain growth in years to come.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2020 to 2022, the rate of growth in terms of prices for Qatar amounted to +437.7% per year.
Price for Wilkings and Smilar Citrus Hybrid in the Philippines (CIF) - 2022
In 2022, the average import price for fruit, edible amounted to $1,243 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a resilient increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 97% against the previous year. Over the period under review, average import prices reached the peak figure at $1,244 per ton in 2020; afterwards, it flattened through to 2022.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($2,557 per ton), while the price for Pakistan ($1,158 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wilkings and Smilar Citrus Hybrid in the Philippines
After two years of growth, shipments abroad of fruit, edible decreased by -16% to 32 tons in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 131,045% against the previous year. As a result, the exports attained the peak of 38 tons, and then declined markedly in the following year.
In value terms, wilkings and smilar citrus hybrid exports contracted to $38K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 145,084%. As a result, the exports attained the peak of $45K, and then shrank in the following year.
Export of Wilkings and Smilar Citrus Hybrid in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
United Arab Emirates | N/A | 9.2 | 38.4 | 317.4% | |
Hong Kong SAR | N/A | 17.7 | N/A | 0% | |
Kuwait | N/A | 1.6 | N/A | 0% | |
Qatar | N/A | 10.1 | N/A | 0% | |
Saudi Arabia | N/A | 4.5 | N/A | 0% | |
Others | N/A | 1.9 | N/A | 0% | |
Total | N/A | 45.0 | 38.4 | -14.7% |
Top Export Markets for Wilkings and Smilar Citrus Hybrid from the Philippines in 2022:
- United Arab Emirates (32.0 tons)
Imports of Wilkings and Smilar Citrus Hybrid in the Philippines
After two years of decline, supplies from abroad of fruit, edible increased by 16% to 4.9K tons in 2022. Over the period under review, imports, however, showed a precipitous setback.
In value terms, wilkings and smilar citrus hybrid imports soared to $6.1M in 2022. In general, imports, however, recorded a abrupt slump.
Import of Wilkings and Smilar Citrus Hybrid in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Pakistan | 4.3 | 5.4 | 4.4 | 5.1 | 5.9% |
Argentina | 2.2 | 1.6 | 0.8 | 1.0 | -23.1% |
China | 2.5 | N/A | N/A | N/A | 0% |
Others | 0.1 | N/A | N/A | N/A | 0% |
Total | 9.1 | 7.0 | 5.3 | 6.1 | -12.5% |
Top Suppliers of Wilkings and Smilar Citrus Hybrid to the Philippines in 2022:
- Pakistan (4.4K tons)
- Argentina (0.5K tons)
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