Price for Fruit, Edible; Durians, Fresh in the Philippines - 2023
Contents:
- Price for Fruit, Edible; Durians, Fresh in the Philippines (FOB) - 2022
- Price for Fruit, Edible; Durians, Fresh in the Philippines (CIF) - 2022
- Exports of Fruit, Edible; Durians, Fresh in the Philippines
- Imports of Fruit, Edible; Durians, Fresh in the Philippines
Price for Fruit, Edible; Durians, Fresh in the Philippines (FOB) - 2022
The average fruit, edible; durians, fresh export price stood at $5,676 per ton in 2022, growing by 95% against the previous year. In general, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 103%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($5,676 per ton) and Hong Kong SAR ($5,676 per ton), while the average price for exports to Singapore ($5,676 per ton) and Qatar ($5,676 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fruit, Edible; Durians, Fresh in the Philippines (CIF) - 2022
The average fruit, edible; durians, fresh import price stood at $13,403 per ton in 2022, increasing by 1.8% against the previous year. In general, the import price saw a temperate expansion. The growth pace was the most rapid in 2019 when the average import price increased by 551,131%. Over the period under review, average import prices reached the maximum at $25,600 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Thailand.
From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +4.9% per year.
Exports of Fruit, Edible; Durians, Fresh in the Philippines
For the third year in a row, the Philippines recorded decline in overseas shipments of fruit, edible; durians, freshes, which decreased by -82.4% to 33 tons in 2022. Overall, exports continue to indicate a significant curtailment. The smallest decline of -44.6% was in 2021.
In value terms, fruit, edible; durians, fresh exports fell notably to $185K in 2022. Over the period under review, exports showed a sharp descent. The smallest decline of -53.2% was in 2020.
| Export of Fruit, Edible; Durians, Fresh in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 749 | 221 | 77.5 | 104 | -48.2% |
| Hong Kong SAR | 80.1 | 35.8 | 27.9 | 47.6 | -15.9% |
| Singapore | 1,079 | 708 | 215 | 17.3 | -74.8% |
| Qatar | 0.5 | 1.2 | 1.5 | 14.0 | 203.7% |
| United States | 167 | 42.1 | 8.0 | 0.2 | -89.4% |
| Thailand | 125 | 10.2 | 65.1 | N/A | -27.8% |
| Vietnam | 261 | 136 | 106 | N/A | -36.3% |
| Malaysia | 18.7 | 20.0 | 20.8 | N/A | 5.5% |
| Others | 98.5 | 31.8 | 18.4 | 1.9 | -73.2% |
| Total | 2,579 | 1,206 | 540 | 185 | -58.4% |
Top Export Markets for Fruit, Edible; Durians, Fresh from the Philippines in 2022:
- United States (undefined tons)
- Japan (18.3 tons)
- Hong Kong SAR (8.4 tons)
- Singapore (3.0 tons)
- Qatar (2.5 tons)
Imports of Fruit, Edible; Durians, Fresh in the Philippines
For the third year in a row, the Philippines recorded decline in overseas purchases of fruit, edible; durians, freshes, which decreased by -16.7% to 5 kg in 2022. Over the period under review, imports faced a dramatic curtailment.
In value terms, fruit, edible; durians, fresh imports reduced markedly to $67 in 2022. Overall, imports recorded a dramatic downturn.
| Import of Fruit, Edible; Durians, Fresh in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 34.5 | 4.6 | 0.1 | 0.1 | -85.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 34.5 | 4.6 | 0.1 | 0.1 | -85.7% |
Top Suppliers of Fruit, Edible; Durians, Fresh to the Philippines in 2022:
- Thailand (5.0 kg)
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