Report Update: May 1, 2024

Philippines - Breakfast Cereals - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Breakfast Cereal Price in the Philippines - 2023

Breakfast Cereal Price in the Philippines (CIF) - 2023

In July 2023, the average breakfast cereal import price amounted to $1,806 per ton, with an increase of 4% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 19% against the previous month. Over the period under review, average import prices hit record highs in July 2023.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was China ($3,818 per ton), while the price for South Korea ($955 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Breakfast Cereal Price in the Philippines (FOB) - 2023

In July 2023, the average breakfast cereal export price amounted to $3,516 per ton, reducing by -21.5% against the previous month. Overall, export price indicated a mild increase from July 2022 to July 2023: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, breakfast cereal export price increased by +51.9% against January 2023 indices. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 41% m-o-m. The export price peaked at $4,481 per ton in June 2023, and then contracted notably in the following month.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Australia ($4,486 per ton), while the average price for exports to South Korea ($2,200 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports in the Philippines

In 2022, breakfast cereal imports into the Philippines shrank slightly to 46K tons, with a decrease of -3% on the year before. Over the period under review, imports, however, continue to indicate modest growth. The growth pace was the most rapid in 2021 when imports increased by 13%. As a result, imports reached the peak of 47K tons, and then fell slightly in the following year.

In value terms, breakfast cereal imports stood at $75M in 2022. In general, imports showed a perceptible descent. The growth pace was the most rapid in 2021 with an increase of 8.2% against the previous year.

Import of Breakfast Cereal in the Philippines (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Indonesia	52.2	36.2	40.6	40.6	-8.0%
Thailand	14.6	16.4	15.7	18.2	7.6%
United States	3.9	3.8	3.5	3.6	-2.6%
Malaysia	2.2	3.7	4.2	3.1	12.1%
China	0.4	0.5	1.3	2.5	84.2%
South Korea	1.2	1.6	2.0	1.6	10.1%
Others	5.9	5.3	5.8	5.3	-3.5%
Total	80.4	67.6	73.2	74.9	-2.3%

Top Suppliers of Breakfast Cereal to the Philippines in 2022:

Indonesia (24.6K tons)
Thailand (11.2K tons)
United States (2.6K tons)
South Korea (2.6K tons)
Malaysia (1.2K tons)
China (1.2K tons)

Breakfast Cereal Exports in the Philippines

In 2022, overseas shipments of breakfast cereals decreased by -19.6% to 8.3K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 7.3% against the previous year. As a result, the exports attained the peak of 13K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, breakfast cereal exports reduced to $26M in 2022. Overall, exports showed a slight curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 3.4%.

Export of Breakfast Cereal in the Philippines (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	7.7	7.8	7.8	4.8	-14.6%
China	2.1	1.8	2.7	2.4	4.6%
Thailand	3.0	2.2	3.2	2.1	-11.2%
United States	0.2	0.5	0.9	1.8	108.0%
Canada	0.4	0.6	1.2	1.7	62.0%
Taiwan (Chinese)	1.7	1.3	1.5	1.6	-2.0%
United Arab Emirates	1.8	0.9	0.8	1.5	-5.9%
Indonesia	1.4	0.6	0.7	1.5	2.3%
Saudi Arabia	2.9	0.5	0.9	0.9	-32.3%
Singapore	0.6	6.3	0.9	0.7	5.3%
Mauritius	0.5	0.7	0.5	0.6	6.3%
Bangladesh	0.5	0.4	0.6	0.6	6.3%
South Korea	0.2	N/A	0.4	0.6	44.2%
Others	4.5	4.9	6.6	5.4	6.3%
Total	27.6	28.6	28.6	26.2	-1.7%

Top Export Markets for Breakfast Cereal from the Philippines in 2022:

Malaysia (1445.2 tons)
Indonesia (748.6 tons)
China (655.5 tons)
Thailand (604.4 tons)
Taiwan (Chinese) (542.8 tons)
United States (538.2 tons)
Canada (449.7 tons)
United Arab Emirates (429.7 tons)
Saudi Arabia (252.7 tons)
Singapore (234.5 tons)
Mauritius (228.1 tons)
Bangladesh (196.2 tons)
South Korea (184.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the breakfast cereal market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10613351 - Muesli type preparations based on unroasted cereal flakes
Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)
Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023