Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in the Philippines - 2022
Contents:
- Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in the Philippines (FOB) - 2022
- Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in the Philippines (CIF) - 2022
- Exports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in the Philippines
- Imports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in the Philippines
Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in the Philippines (FOB) - 2022
The average export price for oil seeds; cotton seeds, seed, whether or not broken stood at $1,474 per ton in 2022, declining by -57.4% against the previous year. In general, the export price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 351%. Over the period under review, the average export prices reached the maximum at $6,824 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +18.3% per year.
Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in the Philippines (CIF) - 2022
The average import price for oil seeds; cotton seeds, seed, whether or not broken stood at $1,955 per ton in 2021, picking up by 26% against the previous year. Over the period under review, the import price showed significant growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 35% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($1,960 per ton), while the price for Malaysia stood at $1,955 per ton.
From 2018 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+29.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in the Philippines
For the third year in a row, the Philippines recorded decline in shipments abroad of oil seeds; cotton seeds, seed, whether or not broken, which decreased by -73.9% to 6.2 tons in 2022. Overall, exports showed a precipitous setback. The smallest decline of -25.7% was in 2021.
In value terms, exports of oil seeds; cotton seeds, seed, whether or not broken reduced notably to $9.1K in 2022. In general, exports showed a dramatic slump. The smallest decline of -46.4% was in 2020.
| Export of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | N/A | 9.1 | 0% |
| Malaysia | 311 | 167 | 81.6 | N/A | -48.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 311 | 167 | 81.6 | 9.1 | -69.2% |
Top Export Markets for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken from the Philippines in 2022:
- South Korea (6.2 tons)
Imports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in the Philippines
In 2021, overseas purchases of oil seeds; cotton seeds, seed, whether or not broken decreased by -64.6% to 2.2 tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 1,052% against the previous year. As a result, imports reached the peak of 6.1 tons, and then declined dramatically in the following year.
In value terms, imports of oil seeds; cotton seeds, seed, whether or not broken shrank dramatically to $4.3K in 2021. Overall, imports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,459%. As a result, imports attained the peak of $9.5K, and then dropped sharply in the following year.
| Import of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Malaysia | 0.6 | N/A | 4.1 | 161.4% | |
| India | N/A | 9.5 | 0.1 | -98.9% | |
| Others | 0.1 | N/A | N/A | 0% | |
| Total | 0.6 | 9.5 | 4.3 | 167.7% | |
Top Suppliers of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken to the Philippines in 2022:
- Malaysia (2.1 tons)
- India (0.1 tons)
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