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Philippines - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Rapeseed Oil Market Overview 2021

Rapeseed Oil Market Size in the Philippines

After five years of growth, the Philippine rapeseed oil market decreased by -X% to $X in 2020. Over the period under review, consumption, however, posted a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Rapeseed oil consumption peaked at $X in 2019, and then contracted in the following year.

Rapeseed Oil Exports

Exports from the Philippines

Rapeseed oil exports from the Philippines skyrocketed to X tonnes in 2020, with an increase of X% against the previous year's figure. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Exports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, rapeseed oil exports surged to $X in 2020. Overall, exports showed a perceptible decline. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Exports peaked at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

Macao SAR (X tonnes) was the main destination for rapeseed oil exports from the Philippines, with a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Macao SAR stood at +X%.

In value terms, Macao SAR ($X) also remains the key foreign market for rapeseed oil exports from the Philippines.

From 2007 to 2020, the average annual growth rate of value to Macao SAR stood at +X%.

Export Prices by Country

The average rapeseed oil export price stood at $X per tonne in 2020, falling by -X% against the previous year. Over the period under review, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2008; however, from 2009 to 2020, export prices stood at a somewhat lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for Macao SAR amounted to -X% per year.

Rapeseed Oil Imports

Imports into the Philippines

In 2020, after six years of growth, there was significant decline in supplies from abroad of rapeseed oil, when their volume decreased by -X% to X tonnes. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2019, and then declined in the following year.

In value terms, rapeseed oil imports contracted to $X in 2020. Overall, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2019, and then fell in the following year.

Imports by Country

Malaysia (X tonnes), Singapore (X tonnes) and the U.S. (X tonnes) were the main suppliers of rapeseed oil imports to the Philippines, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the U.S., while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Singapore ($X) and the U.S. ($X) constituted the largest rapeseed oil suppliers to the Philippines, with a combined X% share of total imports.

In terms of the main suppliers, Malaysia recorded the highest growth rate of 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

In 2020, the average rapeseed oil import price amounted to $X per tonne, surging by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The import price peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were Malaysia ($X per tonne) and Singapore ($X per tonne), while the price for Canada ($X per tonne) and the U.S. ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rapeseed oil in the world?
+
The countries with the highest volumes of rapeseed oil consumption in 2020 were China (5.1M tonnes), India (2.6M tonnes) and Germany (2.5M tonnes), with a combined 39% share of global consumption. These countries were followed by the U.S., France, Canada, Poland, Japan, Belgium, Mexico, the UK, Norway and the Netherlands, which together accounted for a further 44%.
What are the largest producers of rapeseed oil in the world?
+
The countries with the highest volumes of rapeseed oil production in 2020 were Canada (4.9M tonnes), China (3.5M tonnes) and Germany (3.3M tonnes), with a combined 44% share of global production. These countries were followed by India, France, Poland, Japan, the UK, the U.S., Belgium, Russia and Mexico, which together accounted for a further 39%.
What are the leading suppliers of rapeseed oil to the Philippines?
+
In value terms, the largest rapeseed oil suppliers to the Philippines were Malaysia ($22M), Singapore ($12M) and the U.S. ($1.4M), together comprising 94% of total imports.
What are the leading importers of rapeseed oil from the Philippines?
+
In value terms, Macao SAR ($15K) remains the key foreign market for rapeseed oil exports from the Philippines.
What is the average export price for rapeseed oil in the Philippines?
+
The average rapeseed oil export price stood at $431 per tonne in 2020, with a decrease of -65.2% against the previous year.
What is the average import price for rapeseed oil in the Philippines?
+
In 2020, the average rapeseed oil import price amounted to $1,161 per tonne, picking up by 7.8% against the previous year.

Product coverage:
• FCL 271 - Oil of Rapeseed or Canola oil

This report provides an in-depth analysis of the rapeseed 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

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 2030
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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