Philippines - Dried Onions - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDried Onion Price in the Philippines - 2023
Contents:
- Dried Onion Price in the Philippines (CIF) - 2023
- Dried Onion Price in the Philippines (FOB) - 2023
- Dried Onion Imports in the Philippines
- Dried Onion Exports in the Philippines
Dried Onion Price in the Philippines (CIF) - 2023
In April 2023, the average dried onion import price amounted to $2,747 per ton, rising by 18% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $2,901 per ton in August 2022; however, from September 2022 to April 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($4,920 per ton), while the price for Chile ($890 per ton) was amongst the lowest.
From May 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Chile (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Dried Onion Price in the Philippines (FOB) - 2023
In April 2023, the average dried onion export price amounted to $3,111 per ton, surging by 6.6% against the previous month. Over the period from March 2023 to April 2023, it increased at an average monthly rate of +6.6%. As a result, the export price attained 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 China.
From March 2023 to April 2023, the rate of growth in terms of prices for China amounted to +6.6% per month.
Dried Onion Imports in the Philippines
In 2022, the amount of dried onions imported into the Philippines surged to 4.2K tons, with an increase of 16% on the previous year's figure. The total import volume increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, dried onion imports surged to $11M in 2022. The total import value increased at an average annual rate of +11.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Dried Onion in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.2 | 3.2 | 4.2 | 5.4 | 19.1% |
| United States | 3.3 | 2.9 | 2.5 | 3.5 | 2.0% |
| India | 1.3 | 1.6 | 1.5 | 1.2 | -2.6% |
| Egypt | 0.1 | 0.2 | 0.4 | 1.0 | 115.4% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 8.0 | 8.0 | 8.6 | 11.1 | 11.5% |
Top Suppliers of Dried Onion to the Philippines in 2022:
- China (2392.9 tons)
- United States (844.8 tons)
- India (556.0 tons)
- Egypt (376.3 tons)
Dried Onion Exports in the Philippines
In 2022, approx. 10 tons of dried onions were exported from the Philippines; rising by 373% compared with 2021 figures. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 2,546% against the previous year. As a result, the exports attained the peak of 23 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, dried onion exports soared to $78K in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 4,837% against the previous year. As a result, the exports attained the peak of $147K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Dried Onion in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | N/A | 0.9 | 59.8 | 6544.4% |
| Thailand | 0.5 | 93.8 | 3.9 | 11.4 | 183.6% |
| Papua New Guinea | 0.1 | 29.0 | 2.5 | 4.3 | 250.3% |
| China | N/A | 3.9 | 0.2 | 0.4 | -68.0% |
| India | 2.2 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 19.8 | 1.5 | 2.0 | 171.4% |
| Total | 3.0 | 147 | 9.0 | 77.8 | 196.0% |
Top Export Markets for Dried Onion from the Philippines in 2022:
- Canada (4.8 tons)
- Thailand (3.5 tons)
- Papua New Guinea (1.5 tons)
- China (0.3 tons)
This report provides an in-depth analysis of the dried onion 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 10391330 - Dried onions, whole, cut, sliced, broken or in powder, but not further prepared
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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