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Philippines - Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Dry Peas Market Overview 2021

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Dry Peas Market Size in the Philippines

In 2019, the Philippine dry peas market increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption recorded a buoyant increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Dry peas consumption peaked in 2019 and is expected to retain growth in the immediate term.

Dry Peas Production in the Philippines

In value terms, dry peas production dropped to $X in 2019 estimated in export prices. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. From 2018 to 2019, production growth remained at a lower figure.

In 2019, the average dry peas yield in the Philippines amounted to X tonne per ha, approximately mirroring the previous year. Overall, the yield recorded a relatively flat trend pattern. Over the period under review, the average dry peas yield reached the maximum level at X tonne per ha in 2007; afterwards, it flattened through to 2019. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of peas (dry) production in the Philippines was estimated at X ha, therefore, remained relatively stable against the previous year's figure. Overall, the harvested area saw a relatively flat trend pattern. Over the period under review, the harvested area dedicated to dry peas production attained the peak figure at X ha in 2007; afterwards, it flattened through to 2019.

Dry Peas Exports

Exports from the Philippines

For the fifth consecutive year, the Philippines recorded decline in overseas shipments of peas (dry), which decreased by -X% to X tonnes in 2019. In general, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2012 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes. From 2013 to 2019, the growth exports failed to regain the momentum.

In value terms, dry peas exports surged to $X in 2019. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Canada (X tonnes), the United Arab Emirates (X tonnes) and the U.S. (X kg) were the main destinations of dry peas exports from the Philippines, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in the United Arab Emirates (+X% per year), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Canada ($X) remains the key foreign market for dry peas exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and the U.S. (-X% per year).

Export Prices by Country

In 2019, the average dry peas export price amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% y-o-y. The export price peaked in 2019 and is likely to continue growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced more modest paces of growth.

Dry Peas Imports

Imports into the Philippines

Dry peas imports into the Philippines rose modestly to X tonnes in 2019, surging by X% compared with 2018. Over the period under review, total imports indicated buoyant growth from 2007 to 2019: its volume 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, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2019 and are likely to see gradual growth in the near future.

In value terms, dry peas imports expanded remarkably to $X in 2019. Overall, imports posted a prominent expansion. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Imports peaked in 2019 and are likely to see steady growth in the near future.

Imports by Country

Canada (X tonnes), the U.S. (X tonnes) and Australia (X tonnes) were the main suppliers of dry peas imports to the Philippines, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Australia, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dry peas suppliers to the Philippines were Canada ($X), the U.S. ($X) and Australia ($X), together comprising X% 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 more modest paces of growth.

Import Prices by Country

The average dry peas import price stood at $X per tonne in 2019, increasing by X% against the previous year. In general, import price indicated a pronounced increase 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, dry peas import price increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2011 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2015; however, from 2016 to 2019, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for Canada ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Canada, 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 peas (dry) in the world?
+
The countries with the highest volumes of dry peas consumption in 2019 were China (5M tonnes), India (4.4M tonnes) and Russia (1.9M tonnes), with a combined 60% share of global consumption.
What are the largest producers of peas (dry) in the world?
+
The countries with the highest volumes of dry peas production in 2019 were Canada (4.2M tonnes), China (2.9M tonnes) and Russia (2.4M tonnes), together comprising 60% of global production. These countries were followed by the U.S., India, France, Ukraine, Ethiopia and Lithuania, which together accounted for a further 24%.
What are the leading suppliers of peas (dry) to the Philippines?
+
In value terms, Canada ($13M), the U.S. ($9.6M) and Australia ($1.6M) constituted the largest dry peas suppliers to the Philippines, with a combined 99% share of total imports.
What are the leading importers of peas (dry) from the Philippines?
+
In value terms, Canada ($16K) remains the key foreign market for dry peas exports from the Philippines, comprising 57% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($7.7K), with a 28% share of total exports. It was followed by the U.S., with a 11% share.
What is the average export price for peas (dry) in the Philippines?
+
In 2019, the average dry peas export price amounted to $1,341 per tonne, growing by 31% against the previous year.
What is the average import price for peas (dry) in the Philippines?
+
The average dry peas import price stood at $464 per tonne in 2019, increasing by 11% against the previous year.

Product coverage:
• FCL 187 - Peas, dry

This report provides an in-depth analysis of the dry peas 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
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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