Philippines - Groats And Meal Of Cereals (Excluding Wheat) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Wheat Groats Price in the Philippines - 2023
Contents:
- Non-Wheat Groats Price in the Philippines (CIF) - 2022
- Non-Wheat Groats Price in the Philippines (FOB) - 2022
- Non-Wheat Groats Imports in the Philippines
- Non-Wheat Groats Exports in the Philippines
Non-Wheat Groats Price in the Philippines (CIF) - 2022
In 2022, the average non-wheat groats import price amounted to $607 per ton, dropping by -28.7% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-wheat groats import price increased by +42.9% against 2014 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 51%. As a result, import price reached the peak level of $851 per ton, and then contracted notably 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 Canada ($998 per ton), while the price for Turkey ($571 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Wheat Groats Price in the Philippines (FOB) - 2022
The average non-wheat groats export price stood at $1,001 per ton in 2022, increasing by 30% against the previous year. Overall, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 519% against the previous year. As a result, the export price reached the peak level of $2,930 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($1,071 per ton), while the average price for exports to the United Arab Emirates ($988 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 Hong Kong SAR (+30.1%), while the prices for the other major destinations experienced mixed trend patterns.
Non-Wheat Groats Imports in the Philippines
In 2022, the amount of groats and meal of cereals (excluding wheat) imported into the Philippines surged to 420 tons, rising by 36% compared with the previous year. Over the period under review, imports, however, saw a sharp setback. The pace of growth was the most pronounced in 2021 when imports increased by 44%.
In value terms, non-wheat groats imports fell modestly to $255K in 2022. Overall, imports, however, recorded a precipitous shrinkage. The growth pace was the most rapid in 2021 with an increase of 117% against the previous year.
Import of Non-Wheat Groats in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 61.3 | N/A | N/A | 143 | 32.6% |
Thailand | N/A | 57.5 | 33.5 | 53.4 | -3.6% |
Australia | 90.6 | 56.5 | 105 | 29.3 | -31.4% |
India | N/A | 4.5 | 11.4 | 19.1 | 106.0% |
Canada | 1.1 | 2.1 | 1.5 | 7.3 | 87.9% |
France | 930 | N/A | N/A | N/A | 0% |
Poland | 574 | N/A | N/A | N/A | 0% |
Others | 28.0 | 0.2 | 111 | 2.4 | -55.9% |
Total | 1,685 | 121 | 262 | 255 | -46.7% |
Top Suppliers of Non-Wheat Groats to the Philippines in 2022:
- Turkey (251.2 tons)
- Thailand (93.6 tons)
- India (32.9 tons)
- Australia (31.1 tons)
- Canada (7.4 tons)
Non-Wheat Groats Exports in the Philippines
For the third year in a row, the Philippines recorded growth in overseas shipments of groats and meal of cereals (excluding wheat), which increased by 252% to 9.6 tons in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,706%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, non-wheat groats exports skyrocketed to $9.6K in 2022. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 1,031%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
Export of Non-Wheat Groats in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
United Arab Emirates | 0.2 | 1.4 | 8.0 | 532.5% | |
Kuwait | N/A | N/A | 1.0 | 0% | |
Brunei Darussalam | N/A | N/A | 0.6 | 0% | |
Singapore | N/A | 0.7 | N/A | 0% | |
Others | N/A | N/A | N/A | 0% | |
Total | 0.2 | 2.1 | 9.6 | 592.8% |
Top Export Markets for Non-Wheat Groats from the Philippines in 2022:
- United Arab Emirates (8.1 tons)
- Kuwait (0.9 tons)
- Brunei Darussalam (0.5 tons)
This report provides an in-depth analysis of the non-wheat groats 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 10613230 - Groats and meal of oats, maize, rice, rye, barley and other cereals (excluding wheat)
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
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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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