Mandarins Price in the Philippines - 2023
Contents:
- Mandarins Price in the Philippines (CIF) - 2022
- Mandarins Price in the Philippines (FOB) - 2022
- Mandarins Imports in the Philippines
- Mandarins Exports in the Philippines
Mandarins Price in the Philippines (CIF) - 2022
In 2022, the average mandarins import price amounted to $1,270 per ton, surging by 3.7% against the previous year. Over the last three-year period, it increased at an average annual rate of +6.0%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 7.3%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Hong Kong SAR ($1,334 per ton) and Argentina ($1,271 per ton), while the price for China ($1,271 per ton) and Pakistan ($1,271 per ton) were amongst the lowest.
From 2019 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Mandarins Price in the Philippines (FOB) - 2022
The average mandarins export price stood at $3,415 per ton in 2021, declining by -13.8% against the previous year. Over the period under review, the export price continues to indicate a sharp descent. The most prominent rate of growth was recorded in 2020 when the average export price decreased by -12.2%. The export price peaked at $7,822 per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2018 to 2021, the rate of growth in terms of prices for Bahrain amounted to +58.7% per year.
Mandarins Imports in the Philippines
After three years of growth, supplies from abroad of fruit, edible decreased by -33.1% to 71K tons in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 43%.
In value terms, mandarins imports reduced notably to $91M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 53% against the previous year.
| Import of Mandarins in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 42.2 | 76.5 | 79.8 | 55.4 | 9.5% |
| Pakistan | 12.8 | 20.9 | 26.4 | 18.3 | 12.7% |
| Australia | 11.1 | 6.9 | 13.2 | 9.2 | -6.1% |
| Argentina | 5.4 | 6.0 | 7.7 | 5.4 | 0.0% |
| Hong Kong SAR | 2.2 | 2.8 | 2.9 | 2.0 | -3.1% |
| Others | 0.3 | 0.4 | 0.6 | 0.4 | 10.1% |
| Total | 74.0 | 113 | 131 | 90.7 | 7.0% |
Top Suppliers of Mandarins to the Philippines in 2022:
- China (43.6K tons)
- Pakistan (14.4K tons)
- Australia (7.2K tons)
- Argentina (4.2K tons)
- Hong Kong SAR (1.5K tons)
Mandarins Exports in the Philippines
In 2021, the amount of fruit, edible exported from the Philippines soared to 337 kg, increasing by 107% compared with the previous year's figure. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 426%. The exports peaked in 2021 and are expected to retain growth in years to come.
In value terms, mandarins exports soared to $1.2K in 2021. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 361% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.
| Export of Mandarins in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Japan | N/A | N/A | 1,151 | 0% | |
| United Arab Emirates | 73.0 | N/A | N/A | 0% | |
| Singapore | N/A | 646 | N/A | 0% | |
| Qatar | 39.0 | N/A | N/A | 0% | |
| Others | 28.0 | N/A | N/A | 0% | |
| Total | 140 | 646 | 1,151 | 186.7% | |
Top Export Markets for Mandarins from the Philippines in 2022:
- Japan (337.0 kg)
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