Philippines - Paddy Rice - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPaddy Rice Price in the Philippines - 2023
Contents:
- Paddy Rice Price in the Philippines (CIF) - 2022
- Paddy Rice Price in the Philippines (FOB) - 2022
- Paddy Rice Imports in the Philippines
- Paddy Rice Exports in the Philippines
Paddy Rice Price in the Philippines (CIF) - 2022
In 2022, the average paddy rice import price amounted to $879 per ton, declining by -29.8% against the previous year. Over the period under review, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs at $3,372 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 China ($1,391 per ton), while the price for India stood at $689 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-8.0%).
Paddy Rice Price in the Philippines (FOB) - 2022
The average paddy rice export price stood at $1,088 per ton in 2022, growing by 9.5% against the previous year. In general, the export price, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 114%. As a result, the export price attained the peak level of $6,097 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($1,110 per ton), while the average price for exports to Indonesia totaled $588 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Paddy Rice Imports in the Philippines
For the fourth year in a row, the Philippines recorded growth in overseas purchases of paddy rice, which increased by 3.1% to 70K tons in 2022. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 65% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, paddy rice imports declined significantly to $61M in 2022. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 102%.
| Import of Paddy Rice in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 19.8 | 45.3 | 43.4 | 35.1 | 21.0% |
| China | 10.8 | 33.8 | 40.4 | 25.3 | 32.8% |
| Thailand | 7.6 | N/A | N/A | N/A | 0% |
| Others | 1.1 | N/A | 0.8 | 0.8 | -10.1% |
| Total | 39.3 | 79.1 | 84.5 | 61.2 | 15.9% |
Top Suppliers of Paddy Rice to the Philippines in 2022:
- India (50.9K tons)
- China (18.2K tons)
Paddy Rice Exports in the Philippines
In 2022, the amount of paddy rice exported from the Philippines skyrocketed to 594 tons, rising by 380% compared with the previous year. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, paddy rice exports surged to $646K in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Paddy Rice in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 118 | 118 | 118 | 631 | 74.9% |
| Indonesia | N/A | 0.2 | N/A | 15.0 | 766.0% |
| Myanmar | N/A | 50.0 | N/A | N/A | 0% |
| Australia | N/A | N/A | 1.6 | N/A | 0% |
| Others | N/A | 0.7 | 3.3 | N/A | 371.4% |
| Total | 118 | 169 | 123 | 646 | 76.2% |
Top Export Markets for Paddy Rice from the Philippines in 2022:
- Bangladesh (568.5 tons)
- Indonesia (25.5 tons)
This report provides an in-depth analysis of the paddy 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:
- FCL 27 - Rice, paddy
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.
-
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
-
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
-
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
-
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
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
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, HARVESTED AREA AND YIELD
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
-
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
-
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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
552
This report provides an in-depth analysis of the paddy rice market in the Philippines.
663
This report provides an in-depth analysis of the grain market in the Philippines.
2360
This report provides an in-depth analysis of the rice market in the Philippines.
308
This report provides an in-depth analysis of the milled rice market in the Philippines.
406
This report provides an in-depth analysis of the broken rice market in the Philippines.
440
This report provides an in-depth analysis of the brown rice market in the Philippines.
438
This report provides an in-depth analysis of the milled rice market in the Philippines.
1536
This report provides an in-depth analysis of the global paddy rice market.
3931
This report provides an in-depth analysis of the global grain market.
7819
This report provides an in-depth analysis of the global rice market.
1403
Global rice consumption amounted to X tons in 2016 (in terms of milled rice weight), posting modest but robust gains from 2007-2016. The total consumption volume increased at an average annual rate of +X%. Over the period under review, the globa
10402
Global rice consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
2135
Global rice exports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
1481
Global rice imports amounted to X thousand tons in 2015, declining by -X% against the previous year level.
1533
In 2015, the countries with the highest levels of rice production were China (X thousand tons), India (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
1328
India, despite a slight drop in exports in 2014, continued its dominance in the global rice trade. In 2014, India exported X thousand tons of rice totaling X million USD, X% under the previous year. Its primary trading partner was Saudi Arab
236
Explore the top import markets for grain, including China, Japan, Mexico, and more. Learn about the key statistics and market trends in the global grain import industry.
250
Explore the top import markets for rice and discover key statistics and insights. Learn about the countries with the highest import value for rice, including China, the Philippines, Iran, and more.
823
This year, rice prices are forecast to ease, thanks primarily to rising production and exports from India, Thailand, Vietnam, China, and Pakistan. India dominates global trade, more than doubling its supplies at a competitive cost over the past two years.
783
Over 2020-2021 period, the global rice market displayed robust production indicators. Despite a pronounced shortage of shipping containers threatening to disrupt supplies to Africa, the global rice export market continues to expand. India maintains its status as the largest exporter, boasting the most competitive rice export prices.
