Philippines - Starch other than Wheat, Corn or Potato - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Starch Other than Wheat, Corn or Potato in the Philippines - 2023
Contents:
- Price for Starch Other than Wheat, Corn or Potato in the Philippines (CIF) - 2022
- Price for Starch Other than Wheat, Corn or Potato in the Philippines (FOB) - 2022
- Imports of Starch Other than Wheat, Corn or Potato in the Philippines
- Exports of Starch Other than Wheat, Corn or Potato in the Philippines
Price for Starch Other than Wheat, Corn or Potato in the Philippines (CIF) - 2022
In 2022, the average import price for starch other than wheat, corn or potato amounted to $1,031 per ton, with an increase of 15% against the previous year. Overall, the import price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 49% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($1,033 per ton), while the price for Thailand amounted to $1,028 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Starch Other than Wheat, Corn or Potato in the Philippines (FOB) - 2022
In 2022, the average export price for starch other than wheat, corn or potato amounted to $1,295 per ton, with a decrease of -3.5% against the previous year. Over the period under review, the export price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of 146% against the previous year. The export price peaked at $2,358 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($1,295 per ton) and Bahrain ($1,295 per ton), while the average price for exports to Papua New Guinea ($1,293 per ton) and Singapore ($1,295 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+19.7%), while the prices for the other major destinations experienced a decline.
Imports of Starch Other than Wheat, Corn or Potato in the Philippines
In 2022, overseas purchases of starch other than wheat, corn or potato increased by 45% to 84K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt decrease.
In value terms, imports of starch other than wheat, corn or potato skyrocketed to $86M in 2022. Overall, imports recorded a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Starch Other than Wheat, Corn or Potato in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 44.9 | 35.4 | 46.3 | 71.9 | 17.0% |
| Vietnam | 10.6 | 5.4 | 3.5 | 13.3 | 7.9% |
| Others | 1.0 | 1.4 | 2.0 | 1.0 | 0.0% |
| Total | 56.6 | 42.2 | 51.8 | 86.2 | 15.1% |
Top Suppliers of Starch Other than Wheat, Corn or Potato to the Philippines in 2022:
- Thailand (69.9K tons)
- Vietnam (12.9K tons)
Exports of Starch Other than Wheat, Corn or Potato in the Philippines
In 2022, the amount of starch other than wheat, corn or potato exported from the Philippines dropped notably to 14 tons, waning by -49.2% against the previous year's figure. Over the period under review, exports recorded a precipitous contraction. The pace of growth was the most pronounced in 2021 when exports increased by 216% against the previous year.
In value terms, exports of starch other than wheat, corn or potato declined notably to $18K in 2022. In general, exports continue to indicate a precipitous contraction. The growth pace was the most rapid in 2021 when exports increased by 354%.
| Export of Starch Other than Wheat, Corn or Potato in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 5.8 | N/A | 15.5 | 63.5% |
| Bahrain | N/A | N/A | N/A | 1.9 | 0% |
| Singapore | N/A | N/A | 0.8 | 0.4 | -50.0% |
| Papua New Guinea | N/A | N/A | N/A | 0.4 | 0% |
| Spain | 69.1 | N/A | 35.7 | N/A | -28.1% |
| Others | N/A | 2.4 | 0.6 | N/A | -75.0% |
| Total | 69.1 | 8.2 | 37.0 | 18.2 | -35.9% |
Top Export Markets for Starch Other than Wheat, Corn or Potato from the Philippines in 2022:
- United States (11.9 tons)
- Bahrain (1.5 tons)
- Singapore (0.3 tons)
- Papua New Guinea (0.3 tons)
This report provides an in-depth analysis of the market for starch other than wheat, corn or potato 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 10621119 - Starches (including rice, manioc, arrowroot and sago palm pith) (excluding wheat, maize (corn) and potato)
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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