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Philippines - Broad Beans And Horse Beans (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Overview of the Market for Broad Beans And Horse Beans (Dry) 2021

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Market Size for Broad Beans And Horse Beans (Dry) in the Philippines

In 2019, after two years of growth, there was significant decline in the Philippine market for broad beans and horse beans (dry), when its value decreased by -X% to $X. In general, consumption, however, posted a noticeable expansion. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.

Exports of Broad Beans And Horse Beans (Dry)

Exports from the Philippines

In 2019, after two years of decline, there was decline in overseas shipments of broad beans and horse beans (dry), when their volume decreased by X% to X kg. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. From 2013 to 2019, the growth exports failed to regain the momentum.

In value terms, broad bean and horse bean exports totaled $X in 2019. Overall, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2012 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. From 2013 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

Canada (X kg) was the main destination for broad bean and horse bean exports from the Philippines, accounting for a approx. X% share of total exports.

From 2007 to 2016, the average annual growth rate of volume to Canada stood at -X%.

From 2007 to 2016, the average annual growth rate of value to Canada stood at -X%.

Export Prices by Country

In 2016, the average export price for broad beans and horse beans (dry) amounted to $X per tonne, remaining relatively unchanged against the previous year. Overall, the export price showed a deep slump. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2011 to 2016, the growth in terms of the average export prices failed to regain the momentum.

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

From 2007 to 2016, the rate of growth in terms of prices for Canada amounted to -X% per year.

Imports of Broad Beans And Horse Beans (Dry)

Imports into the Philippines

In 2019, supplies from abroad of broad beans and horse beans (dry) decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Overall, imports, however, saw a modest increase. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

In value terms, broad bean and horse bean imports fell dramatically to $X in 2019. In general, imports, however, continue to indicate a noticeable increase. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Australia (X tonnes) constituted the largest supplier of broad bean and horse bean to the Philippines, accounting for a X% share of total imports. Moreover, broad bean and horse bean imports from Australia exceeded the figures recorded by the second-largest supplier, China (X tonnes), threefold.

From 2007 to 2019, the average annual growth rate of volume from Australia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Myanmar (-X% per year).

In value terms, China ($X), Australia ($X) and Myanmar ($X) were the largest broad bean and horse bean suppliers to the Philippines, with a combined X% share of total imports.

Australia recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2019, the average import price for broad beans and horse beans (dry) amounted to $X per tonne, jumping by X% against the previous year. Overall, import price indicated a slight expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, broad bean and horse bean import price decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2015 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2016 to 2019, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was China ($X per tonne), while the price for Myanmar ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for broad beans and horse beans (dry) in the world?
+
China (3.5M tonnes) constituted the country with the largest volume of broad bean and horse bean consumption, accounting for 47% of total volume. Moreover, broad bean and horse bean consumption in China exceeded the figures recorded by the second-largest consumer, Ethiopia (989K tonnes), fourfold. Egypt (537K tonnes) ranked third in terms of total consumption with a 7.3% share.
What are the largest producers of broad beans and horse beans (dry) in the world?
+
China (3.5M tonnes) constituted the country with the largest volume of broad bean and horse bean production, comprising approx. 49% of total volume. Moreover, broad bean and horse bean production in China exceeded the figures recorded by the second-largest producer, Ethiopia (1M tonnes), threefold. The third position in this ranking was occupied by the UK (548K tonnes), with a 7.7% share.
What are the leading suppliers of broad beans and horse beans (dry) to the Philippines?
+
In value terms, the largest broad bean and horse bean suppliers to the Philippines were China ($217K), Australia ($193K) and Myanmar ($19K), with a combined 98% share of total imports.
What is the average export price for broad beans and horse beans (dry) in the Philippines?
+
The average export price for broad beans and horse beans (dry) stood at $140 per tonne in 2016, therefore, remained relatively stable against the previous year.
What is the average import price for broad beans and horse beans (dry) in the Philippines?
+
In 2019, the average import price for broad beans and horse beans (dry) amounted to $584 per tonne, picking up by 21% against the previous year.

Product coverage:
• FCL 181 - Broad beans, dry

This report provides an in-depth analysis of the market for broad bean and horse bean 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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