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Philippines - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
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Philippines: Crude Groundnut Oil Market Overview 2021

Crude Groundnut Oil Market Size in the Philippines

The Philippine crude groundnut oil market shrank rapidly to $X in 2018, reducing by -X% against the previous year. Over the period under review, consumption saw a sharp slump. The pace of growth was the most pronounced in 2008 with a decrease of -X% against the previous year. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Crude Groundnut Oil Production in the Philippines

In value terms, crude groundnut oil production surged to $X in 2019 estimated in export prices. Overall, production enjoyed a buoyant expansion. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2012 to 2019, production growth failed to regain the momentum.

Crude Groundnut Oil Exports

Exports from the Philippines

After seven years of decline, shipments abroad of crude groundnut oil increased by X% to X kg in 2019. Overall, exports enjoyed prominent growth. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. As a result, exports attained the peak of X tonnes. From 2012 to 2019, the growth exports failed to regain the momentum.

In value terms, crude groundnut oil exports soared to $X in 2019. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Micronesia (X kg) was the main destination for crude groundnut oil exports from the Philippines, with a approx. X% share of total exports.

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

In value terms, Micronesia ($X) also remains the key foreign market for crude groundnut oil exports from the Philippines.

From 2007 to 2019, the average annual growth rate of value to Micronesia amounted to +X%.

Export Prices by Country

The average crude groundnut oil export price stood at $X per tonne in 2019, flattening at the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2012 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

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

From 2007 to 2019, the rate of growth in terms of prices for Micronesia amounted to -X% per year.

Crude Groundnut Oil Imports

Imports into the Philippines

In 2019, supplies from abroad of crude groundnut oil increased by X% to X kg, rising for the seventh consecutive year after five years of decline. Over the period under review, imports, however, recorded a precipitous decline. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, crude groundnut oil imports declined markedly to $X in 2019. In general, imports, however, showed a dramatic setback. Over the period under review, imports reached the peak figure at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Singapore (X kg) constituted the largest crude groundnut oil supplier to the Philippines, with a X% share of total imports. Moreover, crude groundnut oil imports from Singapore exceeded the figures recorded by the second-largest supplier, Brazil (X kg), threefold.

From 2007 to 2019, the average annual growth rate of volume from Singapore was relatively modest.

In value terms, Singapore ($X) constituted the largest supplier of crude groundnut oil to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Singapore stood at -X%.

Import Prices by Country

In 2019, the average crude groundnut oil import price amounted to $X per tonne, reducing by -X% against the previous year. In general, the import price saw a abrupt decline. The growth pace was the most rapid in 2010 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2012; however, from 2013 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Singapore.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude groundnut oil in the world?
+
China (128K tonnes) remains the largest crude groundnut oil consuming country worldwide, comprising approx. 41% of total volume. Moreover, crude groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, Italy (41K tonnes), threefold. Senegal (35K tonnes) ranked third in terms of total consumption with a 11% share.
What are the largest producers of crude groundnut oil in the world?
+
The countries with the highest volumes of crude groundnut oil production in 2019 were Argentina (98K tonnes), Senegal (98K tonnes) and Brazil (70K tonnes), together comprising 78% of global production. Nicaragua, Sudan, India and Gambia lagged somewhat behind, together comprising a further 19%.
What are the leading suppliers of crude groundnut oil to the Philippines?
+
In value terms, Singapore ($135) constituted the largest supplier of crude groundnut oil to the Philippines, comprising 93% of total imports. The second position in the ranking was occupied by Brazil ($10), with a 7% share of total imports.
What are the leading importers of crude groundnut oil from the Philippines?
+
In value terms, Micronesia ($1.8K) remains the key foreign market for crude groundnut oil exports from the Philippines.
What is the average export price for crude groundnut oil in the Philippines?
+
In 2019, the average crude groundnut oil export price amounted to $2,402 per tonne, therefore, remained relatively stable against the previous year.
What is the average import price for crude groundnut oil in the Philippines?
+
The average crude groundnut oil import price stood at $933 per tonne in 2019, declining by -29.5% against the previous year.

Product coverage:
• Prodcom 10412200 - Crude groundnut oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the crude groundnut 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 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
TOP EXPORTING COUNTRIES
5.4
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 VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
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:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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