Cereals; Oats, Seeds Price in the Philippines - 2021
Contents:
- Cereals; Oats, Seeds Price in the Philippines (CIF) - 2022
- Cereals; Oats, Seeds Imports in the Philippines
Cereals; Oats, Seeds Price in the Philippines (CIF) - 2022
In 2022, the average cereals; oats, seeds import price amounted to $594 per ton, which is down by -24.5% against the previous year. Over the period under review, the import price, however, showed a mild expansion. The growth pace was the most rapid in 2021 when the average import price increased by 65% against the previous year. As a result, import price reached the peak level of $786 per ton, and then reduced remarkably in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,656 per ton), while the price for Australia stood at $493 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.0%).
Cereals; Oats, Seeds Imports in the Philippines
In 2022, overseas purchases of cereals; oats, seedses were finally on the rise to reach 85 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt downturn.
In value terms, cereals; oats, seeds imports fell slightly to $50K in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 2.2%.
| Import of Cereals; Oats, Seeds in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 27.3 | 35.2 | 37.1 | 38.2 | 11.8% |
| United States | 14.2 | 14.7 | 12.7 | 12.2 | -4.9% |
| Ukraine | 7.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 1.1 | N/A | 0% |
| Total | 48.8 | 49.8 | 50.9 | 50.4 | 1.1% |
Top Suppliers of Cereals; Oats, Seeds to the Philippines in 2022:
- Australia (77.4 tons)
- United States (7.4 tons)
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