Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in the Philippines - 2023

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in the Philippines (FOB) - 2022
2. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in the Philippines (CIF) - 2022
3. Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in the Philippines
4. Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in the Philippines

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in the Philippines (FOB) - 2022

In 2022, the average export price for cereal grains; rolled or flaked, of cereals excluding barley and oatses amounted to $2,979 per ton, reducing by -55.4% against the previous year. Overall, the export price, however, recorded resilient growth. The pace of growth was the most pronounced in 2017 an increase of 204% against the previous year. Over the period under review, the average export prices hit record highs at $6,684 per ton in 2021, and then dropped sharply in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +14.2% per year.

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in the Philippines (CIF) - 2022

In 2022, the average import price for cereal grains; rolled or flaked, of cereals excluding barley and oatses amounted to $673 per ton, declining by -16.1% against the previous year. Over the period under review, the import price showed a perceptible decline. The pace of growth was the most pronounced in 2019 when the average import price increased by 26% against the previous year. The import price peaked at $971 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($673 per ton), while the price for Ireland stood at $673 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in the Philippines

In 2022, shipments abroad of cereal grains; rolled or flaked, of cereals excluding barley and oatses was finally on the rise to reach 54 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cereal grains; rolled or flaked, of cereals excluding barley and oatses surged to $162K in 2022. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats from the Philippines in 2022:

1. Qatar (54.0 tons)

Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in the Philippines

In 2022, supplies from abroad of cereal grains; rolled or flaked, of cereals excluding barley and oatses decreased by -84.8% to 84 tons, falling for the second year in a row after two years of growth. In general, imports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 8.3% against the previous year. As a result, imports reached the peak of 1K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cereal grains; rolled or flaked, of cereals excluding barley and oatses contracted remarkably to $57K in 2022. Over the period under review, imports saw a precipitous setback. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. As a result, imports attained the peak of $770K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats to the Philippines in 2022:

1. United States (59.2 tons)
2. Ireland (24.9 tons)

Source: IndexBox Market Intelligence Platform