Philippines - Refined Rape, Colza Or Mustard Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Rapeseed Oil Price in the Philippines - 2023
Contents:
- Refined Rapeseed Oil Price in the Philippines (CIF) - 2023
- Refined Rapeseed Oil Price in the Philippines (FOB) - 2022
- Refined Rapeseed Oil Imports in the Philippines
- Refined Rapeseed Oil Exports in the Philippines
Refined Rapeseed Oil Price in the Philippines (CIF) - 2023
The average refined rapeseed oil import price stood at $1,760 per ton in June 2023, picking up by 1.9% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 14% against the previous month. Over the period under review, average import prices attained the peak figure at $1,971 per ton in July 2022; however, from August 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($3,264 per ton), while the price for Singapore ($1,036 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Rapeseed Oil Price in the Philippines (FOB) - 2022
The average refined rapeseed oil export price stood at $6,338 per ton in 2022, surging by 302% against the previous year. Over the period under review, the export price saw a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +157.7% per year.
Refined Rapeseed Oil Imports in the Philippines
In 2022, approx. 37K tons of refined rape, colza or mustard oil were imported into the Philippines; rising by 22% against 2021 figures. The total import volume increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, refined rapeseed oil imports soared to $64M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Refined Rapeseed Oil in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 15.7 | 17.4 | 20.1 | 39.4 | 35.9% |
| Singapore | 6.8 | 8.3 | 6.6 | 10.3 | 14.8% |
| Australia | 3.5 | 3.1 | 6.4 | 5.8 | 18.3% |
| Indonesia | 6.3 | 9.1 | 6.8 | 2.7 | -24.6% |
| China | N/A | N/A | N/A | 1.9 | 0% |
| United States | 0.7 | 1.2 | 1.3 | 1.3 | 22.9% |
| Others | 2.5 | 1.0 | 1.5 | 2.3 | -2.7% |
| Total | 35.5 | 40.1 | 42.7 | 63.7 | 21.5% |
Top Suppliers of Refined Rapeseed Oil to the Philippines in 2022:
- Malaysia (19.0K tons)
- Singapore (9.2K tons)
- Australia (3.0K tons)
- Indonesia (2.6K tons)
- United States (1.0K tons)
- China (0.7K tons)
Refined Rapeseed Oil Exports in the Philippines
In 2022, overseas shipments of refined rape, colza or mustard oil decreased by -92.2% to 811 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. As a result, the exports attained the peak of 10 tons, and then shrank notably in the following year.
In value terms, refined rapeseed oil exports dropped markedly to $5.1K in 2022. Overall, exports saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 55%. As a result, the exports reached the peak of $16K, and then fell notably in the following year.
| Export of Refined Rapeseed Oil in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | N/A | 3.3 | 5.1 | 54.5% |
| Macao SAR | 2.3 | 3.8 | 7.6 | N/A | 81.8% |
| Canada | 6.8 | 6.2 | 5.4 | N/A | -10.9% |
| Others | 2.0 | 0.5 | 0.1 | N/A | -77.6% |
| Total | 11.1 | 10.6 | 16.5 | 5.1 | -22.8% |
Top Export Markets for Refined Rapeseed Oil from the Philippines in 2022:
- Singapore (811.0 kg)
This report provides an in-depth analysis of the refined rapeseed oil 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 10415600 - Refined rape, colza or mustard oil and their fractions (excluding chemically modified)
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
-
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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This report provides an in-depth analysis of the refined rapeseed oil market in the Philippines.
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This report provides an in-depth analysis of the rapeseed oil market in the Philippines.
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This report provides an in-depth analysis of the crude rapeseed oil market in the Philippines.
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This report provides an in-depth analysis of the global refined rapeseed oil market.
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This report provides an in-depth analysis of the global rapeseed oil market.
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This report provides an in-depth analysis of the global crude rapeseed oil market.
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This report provides an in-depth analysis of the refined rapeseed oil market in the Philippines.
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This report provides an in-depth analysis of the rapeseed oil market in the Philippines.
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This report provides an in-depth analysis of the crude rapeseed oil market in the Philippines.
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This report provides an in-depth analysis of the global refined rapeseed oil market.
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Discover the top import markets for refined rapeseed oil and their key statistics. Learn about the countries with the highest import values, such as the United States, Netherlands, and Belgium.
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Discover the top import markets for rapeseed oil based on key statistics and data from the IndexBox market intelligence platform.
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Global rapeseed oil consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
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Global rapeseed oil exports amounted to X thousand tons in 2015, remaining constant against the previous year level.
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Global rapeseed oil imports amounted to X thousand tons in 2015, leveling off at the previous year level.
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In 2015, the countries with the highest levels of production were China (X thousand tons), Germany (X thousand tons), Canada (X thousand tons), together accounting for X% of total output.
168
Discover the top import markets for refined rapeseed oil and their key statistics. Learn about the countries with the highest import values, such as the United States, Netherlands, and Belgium.
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Discover the top import markets for rapeseed oil based on key statistics and data from the IndexBox market intelligence platform.
4556
Global rapeseed oil consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
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Global rapeseed oil exports amounted to X thousand tons in 2015, remaining constant against the previous year level.
