Philippines: Chick Peas Market Overview 2021

Chick Peas Market Size in the Philippines

After two years of growth, the Philippine chick peas market decreased by -X% to $X in 2019. Overall, consumption, however, recorded moderate growth. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Chick peas consumption peaked at $X in 2013; however, from 2014 to 2019, consumption remained at a lower figure.

Chick Peas Exports

Exports from the Philippines

In 2019, shipments abroad of chick peas increased by X% to X tonnes for the first time since 2016, thus ending a two-year declining trend. In general, exports continue to indicate a modest increase. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. As a result, exports reached the peak of X tonnes. From 2009 to 2019, the growth exports remained at a lower figure.

In value terms, chick peas exports skyrocketed to $X in 2019. Over the period under review, exports saw a moderate increase. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. As a result, exports attained the peak of $X. From 2009 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Canada (X tonnes) was the main destination for chick peas exports from the Philippines, with a X% share of total exports. It was followed by New Zealand (X kg), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Canada totaled +X%.

In value terms, Canada ($X) remains the key foreign market for chick peas exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Canada totaled +X%.

Export Prices by Country

The average chick peas export price stood at $X per tonne in 2019, therefore, remained relatively stable against the previous year. Overall, the export price showed pronounced growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average export prices hit record highs in 2019 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major external markets. In 2019, the country with the highest price was Canada ($X per tonne), while the average price for exports to New Zealand amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand.

Chick Peas Imports

Imports into the Philippines

In 2019, after two years of growth, there was significant decline in overseas purchases of chick peas, when their volume decreased by -X% to X tonnes. In general, imports, however, enjoyed a modest expansion. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Imports peaked at X tonnes in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

In value terms, chick peas imports contracted sharply to $X in 2019. Over the period under review, imports, however, enjoyed a pronounced increase. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Imports peaked at $X in 2018, and then reduced notably in the following year.

Imports by Country

Canada (X tonnes), India (X tonnes) and the U.S. (X tonnes) were the main suppliers of chick peas imports to the Philippines, with a combined X% share of total imports. These countries were followed by Australia, Mexico, the United Arab Emirates and Singapore, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore, while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), India ($X) and the U.S. ($X) constituted the largest chick peas suppliers to the Philippines, together accounting for X% of total imports. These countries were followed by Australia, Mexico, the United Arab Emirates and Singapore, which together accounted for a further X the main suppliers, Australia saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chick peas import price stood at $X per tonne in 2019, dropping by -X% against the previous year. Over the period under review, the import price, however, posted a slight increase. The growth pace was the most rapid in 2016 an increase of X% y-o-y. The import price peaked at $X per tonne in 2018, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2019, the highest prices were recorded for prices from India ($X per tonne) and the U.S. ($X per tonne), while the price for the United Arab Emirates ($X per tonne) and Australia ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chick peas in the world?

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India (10M tonnes) remains the largest chick peas consuming country worldwide, comprising approx. 66% of total volume. Moreover, chick peas consumption in India exceeded the figures recorded by the second-largest consumer, Australia (873K tonnes), more than tenfold. The third position in this ranking was occupied by Pakistan (855K tonnes), with a 5.5% share.

What are the largest producers of chick peas in the world?

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India (9.9M tonnes) constituted the country with the largest volume of chick peas production, comprising approx. 64% of total volume. Moreover, chick peas production in India exceeded the figures recorded by the second-largest producer, Australia (1.3M tonnes), eightfold. Turkey (630K tonnes) ranked third in terms of total production with a 4.1% share.

What are the leading suppliers of chick peas to the Philippines?

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In value terms, Canada ($196K), India ($162K) and the U.S. ($76K) were the largest chick peas suppliers to the Philippines, together comprising 72% of total imports. Australia, Mexico, the United Arab Emirates and Singapore lagged somewhat behind, together accounting for a further 28%.

What are the leading importers of chick peas from the Philippines?

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In value terms, Canada ($4.1K) remains the key foreign market for chick peas exports from the Philippines, comprising 98% of total exports. The second position in the ranking was occupied by New Zealand ($100), with a 2.4% share of total exports.

What is the average export price for chick peas in the Philippines?

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In 2019, the average chick peas export price amounted to $2,214 per tonne, approximately reflecting the previous year.

What is the average import price for chick peas in the Philippines?

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In 2019, the average chick peas import price amounted to $891 per tonne, which is down by -10.1% against the previous year.