Philippines - Broken Rice - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBroken Rice Price in the Philippines - 2023
Contents:
- Broken Rice Price in the Philippines (CIF) - 2022
- Broken Rice Price in the Philippines (FOB) - 2022
- Broken Rice Imports in the Philippines
- Broken Rice Exports in the Philippines
Broken Rice Price in the Philippines (CIF) - 2022
In 2022, the average broken rice import price amounted to $570 per ton, increasing by 9.5% against the previous year. In general, the import price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 42%. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($570 per ton) and India ($570 per ton), while the price for Pakistan ($570 per ton) and Myanmar ($570 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Broken Rice Price in the Philippines (FOB) - 2022
The average broken rice export price stood at $751 per ton in 2022, growing by 108% against the previous year. Overall, the export price saw mild growth. Over the period under review, the average export prices attained the maximum at $1,208 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($5,062 per ton), while the average price for exports to Canada ($263 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 UK (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.
Broken Rice Imports in the Philippines
In 2022, supplies from abroad of broken rice decreased by -3.9% to 57K tons, falling for the second year in a row after two years of growth. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 527%. As a result, imports attained the peak of 81K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, broken rice imports rose notably to $33M in 2022. In general, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 787% against the previous year. As a result, imports reached the peak of $36M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Broken Rice in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 0.4 | 3.8 | 3.5 | 27.7 | 310.7% |
| Pakistan | 0.8 | 12.6 | 13.0 | 4.5 | 77.8% |
| India | 0.7 | 3.5 | 1.1 | 0.4 | -17.0% |
| Myanmar | 0.1 | 11.8 | 9.6 | 0.2 | 26.0% |
| Thailand | 2.1 | 2.5 | 3.5 | N/A | 29.1% |
| Others | N/A | 1.5 | 0.4 | N/A | -73.3% |
| Total | 4.0 | 35.6 | 31.2 | 32.8 | 101.7% |
Top Suppliers of Broken Rice to the Philippines in 2022:
- Vietnam (48.5K tons)
- Pakistan (8.0K tons)
- India (0.7K tons)
- Myanmar (0.3K tons)
Broken Rice Exports in the Philippines
In 2022, approx. 3.1 tons of broken rice were exported from the Philippines; waning by -65.2% on 2021. Over the period under review, exports recorded a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 237% against the previous year. As a result, the exports reached the peak of 8.8 tons, and then declined markedly in the following year.
In value terms, broken rice exports shrank sharply to $2.3K in 2022. Overall, exports, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 125% against the previous year. As a result, the exports reached the peak of $3.2K, and then shrank rapidly in the following year.
| Export of Broken Rice in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 532 | 325 | 479 | 757 | 12.5% |
| United Kingdom | 631 | 314 | 399 | 671 | 2.1% |
| Micronesia | 520 | 256 | 321 | 534 | 0.9% |
| Canada | 326 | 179 | 88.0 | 253 | -8.1% |
| Senegal | N/A | N/A | 1,335 | N/A | 0% |
| Qatar | N/A | 301 | N/A | N/A | 0% |
| Others | 148 | 48.0 | 573 | 94.0 | -14.0% |
| Total | 2,157 | 1,423 | 3,195 | 2,309 | 2.3% |
Top Export Markets for Broken Rice from the Philippines in 2022:
- Kuwait (1075.0 kg)
- Canada (961.0 kg)
- Micronesia (890.0 kg)
- United Kingdom (132.0 kg)
This report provides an in-depth analysis of the broken rice 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 10611250 - Broken rice (including enriched rice, parboiled rice)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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