Report Update Apr 1, 2024

Philippines - Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil and Tallow Oil - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Oleo Oils Market 2024

Oleo Oils Market Size in the Philippines

The Philippine oleo oils market shrank sharply to $X in 2022, which is down by X% against the previous year. In general, consumption saw a dramatic slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Oleo Oils Production in the Philippines

In value terms, oleo oils production stood at $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume decreased by X%. Oleo oils production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Oleo Oils Exports

Exports from the Philippines

In 2015, the amount of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil exported from the Philippines amounted to X tons, approximately mirroring the year before. Overall, exports saw significant growth. The smallest decline of X% was in 2014. Over the period under review, the exports reached the peak figure in 2015 and are likely to continue growth in the immediate term.

In value terms, oleo oils exports amounted to $X in 2015. In general, exports recorded a significant increase. The smallest decline of X% was in 2014. The exports peaked in 2015 and are expected to retain growth in years to come.

Exports by Country

Japan (X tons) was the main destination for oleo oils exports from the Philippines, accounting for a X% share of total exports. Moreover, oleo oils exports to Japan exceeded the volume sent to the second major destination, Thailand (X tons), more than tenfold.

From 2013 to 2015, the average annual growth rate of volume to Japan was relatively modest.

From 2013 to 2015, the average annual growth rate of value to Japan was relatively modest.

Export Prices by Country

In 2015, the average oleo oils export price amounted to $X per ton, flattening at the previous year. Over the period under review, the export price continues to indicate a precipitous slump. The pace of growth was the most pronounced in 2014 a decrease of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2015, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2015, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Japan amounted to $X per ton.

From 2013 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%).

Oleo Oils Imports

Imports into the Philippines

Oleo oils imports into the Philippines shrank significantly to X tons in 2022, falling by X% compared with 2021. Over the period under review, imports faced a significant decrease. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, oleo oils imports declined sharply to $X in 2022. In general, imports faced a dramatic contraction. The growth pace was the most rapid in 2019 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons) was the main supplier of oleo oils to the Philippines, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan totaled X%.

In value terms, Japan ($X) constituted the largest supplier of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil to the Philippines.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan stood at X%.

Import Prices by Country

The average oleo oils import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the world?

The countries with the highest volumes of consumption in 2023 were the United States, the UK and Ireland, with a combined 56% share of global consumption. Egypt, the Netherlands, Belgium, Taiwan Chinese), Spain, India, France, Namibia, Germany and Botswana lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the world?

The countries with the highest volumes of production in 2022 were the UK, the United States and Ireland, together comprising 68% of global production. Egypt, Spain, Taiwan Chinese), Cameroon, India, France, Namibia and Botswana lagged somewhat behind, together comprising a further 25%.

What are the leading suppliers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil to the Philippines?

In value terms, Japan constituted the largest supplier of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil to the Philippines.

What is the average export price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the Philippines?

The average oleo oils export price stood at $2,460 per ton in 2015, remaining stable against the previous year.

What is the average import price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the Philippines?

The average oleo oils import price stood at $2,567 per ton in 2022, surging by 98% against the previous year.

This report provides an in-depth analysis of the oleo oils 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 10411100 - Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil (excluding emulsified, mixed or otherwise prepared)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023