Philippines: Mate Market 2024

Mate Market Size in the Philippines

The Philippine mate market rose significantly to $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Mate Production in the Philippines

In value terms, mate production rose notably to $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The average yield of mate in the Philippines totaled less than X kg per ha in 2022, approximately mirroring 2021 figures. 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 2022, the harvested area of mate in the Philippines was estimated at less than X ha, approximately equating the year before. In general, the harvested area continues to indicate a relatively flat trend pattern.

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Mate Exports

Exports from the Philippines

Mate exports from the Philippines contracted modestly to X kg in 2022, declining by X% compared with 2021 figures. Over the period under review, exports recorded a significant curtailment. The pace of growth was the most pronounced in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, mate exports rose notably to $X in 2022. In general, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Palau (X kg) was the main destination for mate exports from the Philippines, accounting for a X% share of total exports. Moreover, mate exports to Palau exceeded the volume sent to the second major destination, Micronesia (X kg), ninefold. The third position in this ranking was taken by the Netherlands (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Palau amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Micronesia (X% per year) and the Netherlands (X% per year).

In value terms, Palau ($X), the United States ($X) and Micronesia ($X) were the largest markets for mate exported from the Philippines worldwide, together accounting for X% of total exports.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average mate export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price saw a resilient increase. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Palau ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mate Imports

Imports into the Philippines

In 2022, purchases abroad of mate increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, mate imports soared to $X in 2022. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest mate supplier to the Philippines, with a X% share of total imports. Moreover, mate imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, the United States (X kg), fivefold. The third position in this ranking was held by Singapore (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Taiwan (Chinese) amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Singapore (X% per year).

In value terms, the United States ($X) constituted the largest supplier of mate to the Philippines, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average mate import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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