Report Update Apr 1, 2024

Philippines - Carob - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Carob Market 2024

Carob Market Size in the Philippines

In 2022, after three years of decline, there was decline in the Philippine carob market, when its value decreased by X% to less than $X. Over the period under review, consumption showed a drastic downturn. Carob consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Carob Production in the Philippines

In value terms, carob production shrank remarkably to $X in 2022 estimated in export price. In general, production, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when the production volume increased by X,700% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

In 2022, the average carob yield in the Philippines was estimated at less than X kg per ha, approximately mirroring the previous year's figure. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The carob harvested area in the Philippines amounted to less than X ha in 2022, standing approx. at 2021. In general, the harvested area continues to indicate a relatively flat trend pattern.

Carob Exports

Exports from the Philippines

In 2019, approx. X tons of carob were exported from the Philippines; waning by X% on 2018. Overall, exports saw a dramatic descent. The exports peaked at X tons in 2018, and then contracted sharply in the following year.

In value terms, carob exports shrank rapidly to $X in 2019. Over the period under review, exports recorded a sharp contraction. Over the period under review, the exports hit record highs at $X in 2018, and then shrank significantly in the following year.

Exports by Country

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

From 2018 to 2019, the average annual rate of growth in terms of volume to South Korea amounted to X%.

In value terms, South Korea ($X) also remains the key foreign market for carob exports from the Philippines.

From 2018 to 2019, the average annual growth rate of value to South Korea amounted to X%.

Export Prices by Country

In 2019, the average carob export price amounted to $X per ton, surging by X% against the previous year. Over the last one-year period, it increased at an average annual rate of X%. 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 South Korea.

From 2018 to 2019, the rate of growth in terms of prices for South Korea amounted to X% per year.

Carob Imports

Imports into the Philippines

In 2022, imports of carob into the Philippines shrank markedly to less than X kg, with a decrease of X% compared with 2021 figures. In general, imports faced a significant decrease. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, carob imports soared to $X in 2022. Over the period under review, imports recorded a precipitous decrease. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X kg) was the main carob supplier to the Philippines, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled X%.

In value terms, Italy ($X) constituted the largest supplier of carob to the Philippines.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to X%.

Import Prices by Country

In 2021, the average carob import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a mild shrinkage. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Italy.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for carob in the world?

The countries with the highest volumes of consumption in 2023 were Italy, Portugal and Turkey, with a combined 52% share of global consumption. Morocco, Switzerland, Greece, Cyprus, Vietnam and Algeria lagged somewhat behind, together accounting for a further 33%.

What are the largest producers of carob in the world?

The countries with the highest volumes of production in 2022 were Portugal, Italy and Turkey, together comprising 56% of global production. Morocco, Spain, Greece and Lebanon lagged somewhat behind, together comprising a further 33%.

What are the leading suppliers of carob to the Philippines?

In value terms, Italy $780) constituted the largest supplier of carob to the Philippines.

What are the leading importers of carob from the Philippines?

In value terms, South Korea remains the key foreign market for carob exports from the Philippines.

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

In 2019, the average carob export price amounted to $6,995 per ton, increasing by 15% against the previous year.

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

In 2021, the average carob import price amounted to $920 per ton, with an increase of 13% against the previous year.

This report provides an in-depth analysis of the carob 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 461 - Carobs

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023