Capsicum and pimenta fruits market in the Philippines

Earlier Report Observations

The market volume for fresh or chilled capsicum and pimenta fruits in the Philippines demonstrated consistent growth from 2018 to 2022, expanding from 23 342 т to 27 518 т. This upward trend was followed by a slight contraction to 26 947 т in 2023.

By 2024, significant shifts in consumer preferences emerged, including increased demand for complex and specialty pepper varieties like Scorpion Peppers and Guajillo, fueled by plant-forward food trends. Concurrently, the agricultural sector faced potential supply-side pressures from events such as Typhoon Aghon in May 2024.

Production capsicum and pimenta fruits in the Philippines

In kind, 2017-2020, t

Top producers of capsicum and pimenta fruits, 2017-2020

World map of production of capsicum and pimenta fruits, 2017-2020

The Philippines has seen its capsicum and pimenta fruits production volume grow for the third year in a row. In 2020, the country produced 24 663 tonnes, marking a 3.7% increase from the previous year. Looking at the period from 2017 to 2020, production rose by 6.1%, which translates to an average annual growth rate of 2.0%.

Annual dynamics of production in the Philippines in kind, 2017-2020, t

Exports capsicum and pimenta fruits from the Philippines

Exports in kind, kg

The market showed significant volatility during these years. Export volumes hit their lowest point in 2020 and peaked in 2018, with the peak being 16 times higher than the trough. In 2020, the Philippines exported 4 406 kg of capsicum and pimenta fruits, a sharp decline of 61.5% compared to 2019. The highest export volume was recorded in 2018 at 71 034 kg. The largest year-on-year decrease occurred in 2019, falling by 83.9%, while the biggest increase was in 2018, surging by 344.8%.

Annual dynamics of product's exports from the Philippines in kind, 2017-2020, kg

From 2017 to 2020, Thailand and Singapore were the primary buyers of capsicum and pimenta fruits from the Philippines, together accounting for 81.1% of total exports by volume. Other trading partners played a much smaller role during this period.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from the Philippines in kind, 2017-2020

Exports in value, K $ US

The data points to irregular fluctuations, reflecting a volatile market. Between 2018 and 2020, the peak value was 49 times higher than the lowest point. In 2020, the Philippines' cross-border shipments of capsicum and pimenta fruits amounted to 8.2 thousand US dollars, a steep drop of 58.2% from the previous year. The maximum value was reached in 2018 at 402.3 thousand US dollars. The largest decline happened in 2019, plummeting by 95.1%, whereas the biggest increase was in 2018, soaring by 2 277.8%.

Annual dynamics of product's exports from the Philippines in value, 2017-2020, K $ US

Throughout 2017 to 2020, Thailand was the leading destination for exports in value terms, capturing 88.4% of total flows. The remaining share was distributed among various smaller markets.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from the Philippines in value, 2017-2020

Imports capsicum and pimenta fruits to the Philippines

Imports in kind, kg

The data indicates irregular shifts, highlighting a volatile market environment. Import volumes bottomed out in 2017 and peaked in 2018, with the peak being 254 times greater than the trough. In 2020, the Philippines imported 23 497 kg of capsicum and pimenta fruits, up by 51.5% compared to 2019. The highest import volume was in 2018 at 46 372 kg. The largest decrease occurred in 2019, falling by 66.5%, while the most significant increase was in 2018, jumping by 25 336.9%.

Annual dynamics of product's imports to the Philippines in kind, 2017-2020, kg

From 2017 to 2020, China and the United States dominated imports by volume of capsicum and pimenta fruits to the Philippines, jointly making up 96.6% of total flows. Other countries held much smaller shares.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to the Philippines in kind, 2017-2020

Imports in value, K $ US

The Philippines has experienced a third consecutive year of growth in imported capsicum and pimenta fruits by value. In 2020, imports totaled 45.0 thousand US dollars, representing a 50.1% increase from the previous year. Between 2017 and 2020, imports surged by 23 440.3%, which averages out to an annualized growth rate of 517.5%.

Annual dynamics of product's imports to the Philippines in value, 2017-2020, K $ US

Over the period from 2017 to 2020, the United States and China were the main sources for imports in value terms of capsicum and pimenta fruits to the Philippines, together accounting for 96.2% of total flows. The rest was spread across smaller markets.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to the Philippines in value, 2017-2020