Grapefruit Market Overview in the Philippines
In value terms, grapefruit production expanded notably to $ in estimated in export prices. Over the period under review, production continues to indicate strong growth. The pace of growth was the most pronounced in 2018 when the production volume increased by % year-to-year. As a result, production attained the peak level of $. from 2019 to , production growth failed to regain the momentum.
The average yield of grapefruits in the Philippines fell to tonnes per ha in , with a decrease of -% on the year before. In general, the yield continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2015 with an increase of % year-to-year. The grapefruit yield peaked at tonnes per ha in 2007; however, from 2008 to , the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , approx. ha of grapefruits were harvested in the Philippines; remaining constant against 2019. In general, the harvested area recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the harvested area increased by % year-to-year. The grapefruit harvested area peaked at ha in 2009; however, from 2010 to , the harvested area failed to regain the momentum.
The revenue of the grapefruit market in the Philippines expanded rapidly to $ in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated noticeable growth from 2007 to : its value decreased at an average annual rate of -% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. from 2019 to , the growth of the market remained at a somewhat lower figure.