Philippines Jam Jelly and Preserves Market Shipment Analysis
Philippines Jam Jelly and Preserves Market registered a growth of 54.96% in value shipments in 2022 as compared to 2021 and a decrease of -1.4% CAGR in 2022 over a period of 2017. In Jam Jelly and Preserves Market Philippines is becoming more competitive as the HHI index in 2022 was 1508 while in 2017 it was 2815. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Philippines has reportedly relied more on domestic production to meet its growing demand in Jam Jelly and Preserves Market. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Jam Jelly and Preserves Market in 2022 was 0.8 while in 2017 it was 0.56. China, Thailand, Vietnam, USA and Other Asia, nes were among the top players of the market in 2022, where China acquired the largest market share of 29.16% with a shipment value of 5.26 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 48.88% with the shipment value of 6.19 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As Chinaprice is lower than the average price, it provided a significant edge among other competitor in 2017.
