Philippines's Potato Market Report 2022 - Prices, Size, Forecast, and Companies (2022)

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Philippines's Potato Market Report 2022 - Prices, Size, Forecast, and Companies (1)

Latest Report Update: Sep 10, 2022

Philippines - Potato - Market Analysis, Forecast, Size, Trends and Insights
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Potato Market Size in the Philippines

The Philippine potato market stood at $X in 2021, with an increase of less than X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Potato Production in the Philippines

In value terms, potato production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Potato production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

In 2021, the average potato yield in the Philippines was estimated at X tons per ha, picking up by less than X% against 2020. In general, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of less than X% against the previous year. The potato yield peaked in 2021 and is likely to continue growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of potatoes in the Philippines shrank slightly to X ha, approximately equating 2020 figures. In general, the harvested area continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of less than X% against the previous year. The potato harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area stood at a somewhat lower figure.

Potato Exports

Exports from the Philippines

In 2021, the amount of potatoes exported from the Philippines shrank markedly to X tons, declining by -X% compared with the year before. Overall, exports faced a significant decrease. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, potato exports surged to $X in 2021. Over the period under review, exports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for potato exports from the Philippines, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan was relatively modest.

Export Prices by Country

The average potato export price stood at $X per ton in 2021, jumping by X% against the previous year. Overall, the export price posted a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2021, the rate of growth in terms of prices for Japan amounted to X% per year.

Potato Imports

Imports into the Philippines

In 2021, supplies from abroad of potatoes decreased by less than X% to X tons for the first time since 2013, thus ending a seven-year rising trend. Overall, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked at X tons in 2020, and then shrank in the following year.

In value terms, potato imports expanded significantly to $X in 2021. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

The United States (X tons), Australia (X tons) and Germany (X tons) were the main suppliers of potato imports to the Philippines, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest potato suppliers to the Philippines were the United States ($X), Australia ($X) and Germany ($X), with a combined X% share of total imports.

In terms of the main suppliers, Australia, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average potato import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, potato import price increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked in 2021 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Australia ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base YearHistorical PeriodForecast PeriodUnits
20212007-20212022-2030US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for potatoes in the world?

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The countries with the highest volumes of potato consumption in 2021 were China, India and Russia, with a combined 41% share of global consumption. Ukraine, the United States, Germany, Bangladesh, Poland, France, the Netherlands, Belgium and Peru lagged somewhat behind, together comprising a further 25%.

What are the largest producers of potatoes in the world?

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The countries with the highest volumes of potato production in 2021 were China, India and Russia, together comprising 42% of global production. These countries were followed by Ukraine, the United States, Germany, Bangladesh, France, Poland, the Netherlands, Belarus, Peru and the UK, which together accounted for a further 28%.

What are the leading suppliers of potatoes to the Philippines?

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In value terms, the largest potato suppliers to the Philippines were the United States, Australia and Germany, with a combined 99.9% share of total imports.

What is the average export price for potatoes in the Philippines?

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In 2021, the average potato export price amounted to $1,329 per ton, rising by 203% against the previous year.

What is the average import price for potatoes in the Philippines?

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In 2021, the average potato import price amounted to $510 per ton, rising by 8.1% against the previous year.

This report provides an in-depth analysis of the potato 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 116 - Potatoes

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:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. 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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1

KEY FINDINGS

2.2

MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1

MARKET SIZE

3.2

MARKET STRUCTURE

3.3

TRADE BALANCE

3.4

PER CAPITA CONSUMPTION

3.5

MARKET FORECAST TO 2030

4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO

4.1

TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS

4.2

BEST-SELLING PRODUCTS

4.3

MOST CONSUMED PRODUCT

4.4

MOST TRADED PRODUCT

4.5

MOST PROFITABLE PRODUCT FOR EXPORT

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

5.1

TOP COUNTRIES TO SOURCE YOUR PRODUCT

5.2

TOP PRODUCING COUNTRIES

5.3

COUNTRIES WITH TOP YIELDS

5.4

TOP EXPORTING COUNTRIES

5.5

LOW-COST EXPORTING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO

6.1

TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT

6.2

TOP CONSUMING MARKETS

6.3

UNSATURATED MARKETS

6.4

TOP IMPORTING MARKETS

6.5

MOST PROFITABLE MARKETS

7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1

PRODUCTION, HARVESTED AREA AND YIELD

8. IMPORTS

The Largest Import Supplying Countries

8.1

IMPORTS FROM 2012–2021

8.2

IMPORTS BY COUNTRY

8.3

IMPORT PRICES BY COUNTRY

9. EXPORTS

The Largest Destinations for Exports

9.1

EXPORTS FROM 2012–2021

9.2

EXPORTS BY COUNTRY

9.3

EXPORT PRICES BY COUNTRY

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

Table 1:

Key Findings In 2021

Table 2:

Market Volume, In Physical Terms, 2012–2021

Table 3:

Market Value, 2012–2021

Table 4:

Per Capita Consumption In 2012–2021

Table 6:

Imports, In Value Terms, By Country, 2012–2021

Table 7:

Import Prices, By Country Of Origin, 2012–2021

Table 8:

Exports, In Physical Terms, By Country, 2012–2021

Table 9:

Exports, In Value Terms, By Country, 2012–2021

Table 10:

Export Prices, By Country Of Destination, 2012–2021

LIST OF FIGURES

Figure 1:

Market Volume, In Physical Terms, 2012–2021

Figure 2:

Market Value, 2012–2021

Figure 3:

Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021

Figure 4:

Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021

Figure 5:

Trade Balance, In Physical Terms, 2012–2021

Figure 6:

Trade Balance, In Value Terms, 2012–2021

Figure 7:

Per Capita Consumption, 2012–2021

Figure 8:

Market Forecast To 2030

Figure 9:

Products: Market Size And Growth, By Type

Figure 10:

Products: Average Per Capita Consumption, By Type

Figure 11:

Products: Exports And Growth, By Type

Figure 12:

Products: Export Prices And Growth, By Type

Figure 13:

Production Volume And Growth

Figure 14:

Yield And Growth

Figure 15:

Exports And Growth

Figure 16:

Export Prices And Growth

Figure 17:

Market Size And Growth

Figure 18:

Per Capita Consumption

Figure 19:

Imports And Growth

Figure 20:

Import Prices

Figure 21:

Production, In Physical Terms, 2012–2021

Figure 22:

Production, In Value Terms, 2012–2021

Figure 23:

Area Harvested, 2012–2021

Figure 24:

Yield, 2012–2021

Figure 25:

Imports, In Physical Terms, 2012–2021

Figure 26:

Imports, In Value Terms, 2012–2021

Figure 27:

Imports, In Physical Terms, By Country, 2021

Figure 28:

Imports, In Physical Terms, By Country, 2012–2021

Figure 29:

Imports, In Value Terms, By Country, 2012–2021

Figure 30:

Import Prices, By Country Of Origin, 2012–2021

Figure 31:

Exports, In Physical Terms, 2012–2021

Figure 32:

Exports, In Value Terms, 2012–2021

Figure 33:

Exports, In Physical Terms, By Country, 2021

Figure 34:

Exports, In Physical Terms, By Country, 2012–2021

Figure 35:

Exports, In Value Terms, By Country, 2012–2021

Figure 36:

Export Prices, By Country Of Destination, 2012–2021

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