Philippines - Cream Fresh - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCream Fresh Price in the Philippines - 2023
Contents:
- Cream Fresh Price in the Philippines (CIF) - 2023
- Cream Fresh Price in the Philippines (FOB) - 2022
- Cream Fresh Imports in the Philippines
- Cream Fresh Exports in the Philippines
Cream Fresh Price in the Philippines (CIF) - 2023
The average cream fresh import price stood at $2,858 per ton in June 2023, waning by -5.3% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 2.7% against the previous month. As a result, import price attained the peak level of $3,117 per ton. From March 2023 to June 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the highest price was recorded for prices from France ($2,885 per ton) and the Netherlands ($2,842 per ton), while the price for Germany ($2,842 per ton) and Denmark ($2,842 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+0.2%), while the prices for the other major suppliers experienced a decline.
Cream Fresh Price in the Philippines (FOB) - 2022
In 2022, the average cream fresh export price amounted to $3,293 per ton, shrinking by -70.6% against the previous year. In general, the export price, however, continues to indicate prominent growth. The growth pace was the most rapid in 2021 when the average export price increased by 514%. As a result, the export price reached the peak level of $11,196 per ton, and then reduced remarkably in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United Arab Emirates ($3,217 per ton) and Vietnam ($3,203 per ton), while the average price for exports to South Korea ($3,200 per ton) and Canada ($3,202 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.
Cream Fresh Imports in the Philippines
In 2022, the amount of cream fresh imported into the Philippines skyrocketed to 7.5K tons, jumping by 27% compared with 2021 figures. In general, imports, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year.
In value terms, cream fresh imports skyrocketed to $22M in 2022. Overall, imports showed moderate growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Cream Fresh in the Philippines (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 5.0 | 3.5 | 3.6 | 6.3 | 8.0% |
New Zealand | 9.5 | 3.2 | 5.4 | 5.4 | -17.2% |
Brazil | 0.7 | 1.5 | 2.1 | 3.2 | 66.0% |
Germany | 1.8 | 1.4 | 1.4 | 2.6 | 13.0% |
Denmark | 0.3 | 0.3 | 1.3 | 1.8 | 81.7% |
Netherlands | N/A | N/A | N/A | 1.3 | 0% |
Spain | N/A | N/A | 0.1 | 0.7 | 600.0% |
United Kingdom | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
Others | 1.8 | 0.4 | 0.6 | 0.7 | -27.0% |
Total | 19.2 | 10.5 | 14.5 | 22.2 | 5.0% |
Top Suppliers of Cream Fresh to the Philippines in 2022:
- France (2074.2 tons)
- New Zealand (1789.1 tons)
- Brazil (1075.4 tons)
- Germany (870.1 tons)
- Denmark (607.9 tons)
- Netherlands (424.9 tons)
- Spain (221.0 tons)
- United Kingdom (160.7 tons)
Cream Fresh Exports in the Philippines
In 2022, overseas shipments of cream fresh were finally on the rise to reach 551 tons after two years of decline. In general, exports, however, continue to indicate a abrupt setback.
In value terms, cream fresh exports surged to $1.8M in 2022. Overall, exports continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Cream Fresh in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | N/A | N/A | 89.9 | 1,250 | 1290.4% |
Taiwan (Chinese) | N/A | 6.8 | 3.6 | 222 | 471.4% |
United Arab Emirates | 1.2 | 6.3 | 0.8 | 110 | 350.9% |
Malaysia | N/A | N/A | 9.1 | 66.4 | 629.7% |
Thailand | N/A | N/A | 3.2 | 43.1 | 1246.9% |
Australia | 1,174 | 766 | N/A | N/A | -34.8% |
Others | 6.9 | 14.0 | 317 | 122 | 160.5% |
Total | 1,182 | 793 | 423 | 1,813 | 15.3% |
Top Export Markets for Cream Fresh from the Philippines in 2022:
- Vietnam (390.3 tons)
- Taiwan (Chinese) (69.2 tons)
- United Arab Emirates (34.2 tons)
- Malaysia (20.7 tons)
- Thailand (13.4 tons)
This report provides an in-depth analysis of the cream fresh 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:
- FCL 885 - Cream, Fresh
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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