Cereals; Barley, Seed Price in the Philippines - 2023

Contents:

  1. Cereals; Barley, Seed Price in the Philippines (CIF) - 2022
  2. Cereals; Barley, Seed Price in the Philippines (FOB) - 2022
  3. Cereals; Barley, Seed Imports in the Philippines
  4. Cereals; Barley, Seed Exports in the Philippines

Cereals; Barley, Seed Price in the Philippines (CIF) - 2022

The average cereals; barley, seed import price stood at $242 per ton in 2022, flattening at the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 96% against the previous year. Over the period under review, average import prices hit record highs at $820 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -2.8% per year.

Cereals; Barley, Seed Price in the Philippines (FOB) - 2022

The average cereals; barley, seed export price stood at $707 per ton in 2021, increasing by 6,973% against the previous year. Over the period under review, the export price saw a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Qatar.

From 2020 to 2021, the rate of growth in terms of prices for Qatar amounted to +7,017.1% per year.

Cereals; Barley, Seed Imports in the Philippines

In 2022, the amount of cereals; barley, seeds imported into the Philippines surged to 93 tons, picking up by 21% against the previous year. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 382% against the previous year. As a result, imports reached the peak of 109 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, cereals; barley, seed imports surged to $23K in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 249% against the previous year. As a result, imports attained the peak of $26K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Cereals; Barley, Seed in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia7.526.218.522.644.4%
OthersN/AN/A0.4N/A0%
Total7.526.218.922.644.4%

Top Suppliers of Cereals; Barley, Seed to the Philippines in 2022:

  1. Australia (93.1 tons)

Cereals; Barley, Seed Exports in the Philippines

In 2021, the amount of cereals; barley, seeds exported from the Philippines skyrocketed to 386 tons, rising by 3,647% on 2020 figures. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cereals; barley, seed exports skyrocketed to $273K in 2021. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Cereals; Barley, Seed in the Philippines (Thousand USD)
COUNTRY20202021CAGR,
2020-2021
Qatar0.1272271900.0%
OthersN/A0.60%
Total0.1273272900.0%

Top Export Markets for Cereals; Barley, Seed from the Philippines in 2022:

  1. Qatar (383.1 tons)

Source: IndexBox Market Intelligence Platform

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