Updated Dec 9, 2022 15:28

Preserved Sauerkraut Imports in the Philippines

Imports
Preserved sauerkraut imports into the Philippines reached tons in , approximately reflecting the year before. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of %. Imports peaked in and are expected to retain growth in years to come.

In value terms, preserved sauerkraut imports stood at $ in . Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2017 when imports increased by %. Over the period under review, imports hit record highs in and are likely to see steady growth in the immediate term.


Imports by Country
In , China ( tons) constituted the largest preserved sauerkraut supplier to the Philippines, accounting for a % share of total imports. Moreover, preserved sauerkraut imports from China exceeded the figures recorded by the second-largest supplier, South Korea ( tons), fourfold.

From 2007 to , the average annual growth rate of volume from China totaled +%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+% per year) and Thailand (+% per year).

In value terms, China ($) constituted the largest supplier of preserved sauerkraut to the Philippines, comprising % of total imports. The second position in the ranking was held by South Korea ($), with a % share of total imports.

From 2007 to , the average annual rate of growth in terms of value from China totaled +%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+% per year) and Thailand (+% per year).


Import Prices by Country
The average preserved sauerkraut import price stood at $ per ton in , approximately mirroring the previous year. Over the period under review, the import price, however, enjoyed a prominent increase. The growth pace was the most rapid in 2014 an increase of % against the previous year. Over the period under review, average import prices attained the peak figure at $ per ton in 2017; however, from 2018 to , import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In , the country with the highest price was Thailand ($ per ton), while the price for China ($ per ton) was amongst the lowest.

From 2007 to , the most notable rate of growth in terms of prices was attained by South Korea (+%), while the prices for the other major suppliers experienced more modest paces of growth.