Philippines: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in the Philippines

The Philippine non-wheat groats market expanded sharply to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, recorded a pronounced setback. Non-wheat groats consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Non-Wheat Groats Production in the Philippines

In value terms, non-wheat groats production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Non-Wheat Groats Exports

Exports from the Philippines

In 2022, shipments abroad of groats and meal of cereals (excluding wheat) increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, faced a sharp reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-wheat groats exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for non-wheat groats exports from the Philippines, accounting for a X% share of total exports. Moreover, non-wheat groats exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kuwait (X kg), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Brunei Darussalam (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for groats and meal of cereals (excluding wheat) exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Brunei Darussalam (X% per year).

Export Prices by Country

The average non-wheat groats export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price saw a buoyant increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Groats Imports

Imports into the Philippines

Non-wheat groats imports into the Philippines surged to X tons in 2022, growing by X% on the year before. Over the period under review, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, non-wheat groats imports declined to $X in 2022. Overall, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest non-wheat groats supplier to the Philippines, accounting for a X% share of total imports. Moreover, non-wheat groats imports from Turkey exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and India (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of groats and meal of cereals (excluding wheat) to the Philippines, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Australia, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Australia (X% per year).

Import Prices by Country

In 2022, the average non-wheat groats import price amounted to $X per ton, falling by X% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-wheat groats import price increased by X% against 2014 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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