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Philippines - Gingerbread - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPhilippines: Gingerbread Market 2024
Gingerbread Market Size in the Philippines
The Philippine gingerbread market reduced to $X in 2022, declining by -10.2% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then dropped in the following year.
Gingerbread Production in the Philippines
In value terms, gingerbread production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 12%. Gingerbread production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.
Gingerbread Exports
Exports from the Philippines
In 2022, overseas shipments of gingerbread were finally on the rise to reach X tons after four years of decline. In general, exports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 1,383% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, gingerbread exports rose modestly to $X in 2022. Overall, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 1,262% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.
Exports by Country
Marshall Islands (X tons) was the main destination for gingerbread exports from the Philippines, accounting for a 48% share of total exports. Moreover, gingerbread exports to Marshall Islands exceeded the volume sent to the second major destination, Micronesia (X tons), twofold. Northern Mariana Islands (X tons) ranked third in terms of total exports with a 14% share.
From 2012 to 2022, the average annual rate of growth in terms of volume to Marshall Islands amounted to +88.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Micronesia (+21.6% per year) and Northern Mariana Islands (+15.9% per year).
In value terms, Marshall Islands ($X) remains the key foreign market for gingerbread exports from the Philippines, comprising 55% of total exports. The second position in the ranking was taken by Kiribati ($X), with a 13% share of total exports. It was followed by Micronesia, with a 12% share.
From 2012 to 2022, the average annual growth rate of value to Marshall Islands totaled +82.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kiribati (+49.4% per year) and Micronesia (+7.2% per year).
Export Prices by Country
The average gingerbread export price stood at $X per ton in 2022, reducing by -16.2% against the previous year. Over the period under review, the export price showed a perceptible reduction. The growth pace was the most rapid in 2016 an increase of 38%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Northern Mariana Islands ($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 South Korea (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.
Gingerbread Imports
Imports into the Philippines
In 2022, gingerbread imports into the Philippines declined remarkably to X tons, waning by -99.9% compared with the previous year. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 110,095% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank notably in the following year.
In value terms, gingerbread imports reduced markedly to $X in 2022. In general, imports, however, posted a slight expansion. The most prominent rate of growth was recorded in 2017 with an increase of 113,223% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then fell dramatically in the following year.
Imports by Country
Sweden (X tons) and the UK (X kg) were the main suppliers of gingerbread imports to the Philippines.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of 0.0%).
In value terms, the largest gingerbread suppliers to the Philippines were Sweden ($X) and the UK ($X).
Among the main suppliers, the UK, with a CAGR of +22.7%, saw the highest growth rate of the value of imports, over the period under review.
Import Prices by Country
In 2022, the average gingerbread import price amounted to $X per ton, increasing by 2,478% against the previous year. Over the period under review, the import price enjoyed a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Sweden totaled $X per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+40.7%), while the prices for the other major suppliers experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the gingerbread 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 10721230 - Gingerbread and the like
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
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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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