Candied Fruit Market Overview in the Philippines
In value terms, candied fruit production contracted to $ in 2019 estimated in export prices. Overall, production, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. Over the period under review, production reached the peak level at $ in 2015; however, from 2016 to 2019, production remained at a lower figure.
In 2019, the average yield of candied fruits in the Philippines amounted to kg per ha, standing approx. at 2018. Over the period under review, 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.
In 2019, the harvested area of candied fruits in the Philippines stood at ha, remaining constant against the previous year. In general, the harvested area showed a relatively flat trend pattern.
The revenue of the candied fruit market in the Philippines fell markedly to $ in 2019, which is down 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). In general, consumption showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of % against the previous year. Candied fruit consumption peaked at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.