Philippines: Potato Market 2022

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.

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