Philippines: Market for Tree, flower and other seeds, fruits and spores for sowing 2024

Market Size for Tree, flower and other seeds, fruits and spores for sowing in the Philippines

The Philippine market for tree, flower and other seeds, fruits and spores for sowing fell rapidly to $X in 2022, waning by X% against the previous year. In general, consumption, however, recorded a tangible increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Tree, flower and other seeds, fruits and spores for sowing in the Philippines

In value terms, production of tree, flower and other seeds, fruits and spores for sowing reduced sharply to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth remained at a lower figure.

Exports of Tree, flower and other seeds, fruits and spores for sowing

Exports from the Philippines

In 2022, overseas shipments of tree, flower and other seeds, fruits and spores for sowing were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a significant decrease. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of tree, flower and other seeds, fruits and spores for sowing skyrocketed to $X in 2022. Over the period under review, exports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons), India (X tons) and Thailand (X tons) were the main destinations of exports of tree, flower and other seeds, fruits and spores for sowing from the Philippines.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for tree, flower and other seeds, fruits and spores for sowing exported from the Philippines were India ($X), Malaysia ($X) and Thailand ($X).

In terms of the main countries of destination, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for tree, flower and other seeds, fruits and spores for sowing stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 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 India ($X per ton), while the average price for exports to Malaysia ($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 Malaysia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tree, flower and other seeds, fruits and spores for sowing

Imports into the Philippines

In 2022, purchases abroad of tree, flower and other seeds, fruits and spores for sowing increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of tree, flower and other seeds, fruits and spores for sowing rose notably to $X in 2022. Overall, imports posted a mild expansion. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

The United States (X tons), Vietnam (X tons) and India (X tons) were the main suppliers of imports of tree, flower and other seeds, fruits and spores for sowing to the Philippines, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of tree, flower and other seeds, fruits and spores for sowing to the Philippines, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average import price for tree, flower and other seeds, fruits and spores for sowing amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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