Latest Report Update: Apr 21, 2021

Philippines - Refined Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Philippines: Overview of the Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2021

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in the Philippines

After five years of decline, the Philippine market for sunflower-seed or safflower oil, refined, but not chemically modified increased by X% to $X in 2019. Over the period under review, consumption, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2013 when the market value increased by X% against the previous year. Consumption peaked at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in the Philippines

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified rose slightly to $X in 2019 estimated in export prices. Over the period under review, production, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Production peaked at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Exports from the Philippines

In 2019, after three years of growth, there was significant decline in shipments abroad of sunflower-seed or safflower oil, refined, but not chemically modified, when their volume decreased by -X% to X tonnes. Overall, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. From 2012 to 2019, the growth of exports remained at a lower figure.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified declined remarkably to $X in 2019. In general, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2012 to 2019, the growth of exports remained at a somewhat lower figure.

Exports by Country

Australia (X tonnes) was the main destination for exports of sunflower-seed or safflower oil, refined, but not chemically modified from the Philippines, accounting for a approx. X% share of total exports.

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

From 2007 to 2019, the average annual rate of growth in terms of value to Australia was relatively modest.

Export Prices by Country

The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per tonne in 2019, flattening at the previous year. In general, the export price, however, recorded a noticeable decline. The growth pace was the most rapid in 2013 an increase of X% y-o-y. The export price peaked at $X per tonne in 2015; however, from 2016 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 Australia.

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

Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Imports into the Philippines

For the third year in a row, the Philippines recorded growth in purchases abroad of sunflower-seed or safflower oil, refined, but not chemically modified, which increased by X% to X tonnes in 2019. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum in 2019 and are expected to retain growth in the near future.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified amounted to $X in 2019. Over the period under review, imports saw a strong increase. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Imports peaked in 2019 and are likely to see gradual growth in the immediate term.

Imports by Country

Malaysia (X tonnes), Ukraine (X tonnes) and Turkey (X tonnes) were the main suppliers of imports of sunflower-seed or safflower oil, refined, but not chemically modified to the Philippines, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Ukraine (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Ukraine ($X) and Austria ($X) appeared to be the largest sunflower-seed or safflower oil, refined, but not chemically modified suppliers to the Philippines, with a combined X% share of total imports.

Among the main suppliers, Ukraine (+X% per year) saw 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

The average import price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per tonne in 2019, growing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% against the previous year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($X per tonne), while the price for Ukraine ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Ukraine, 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 sunflower-seed or safflower oil, refined, but not chemically modified in the world?
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The country with the largest volume of consumption of sunflower-seed or safflower oil, refined, but not chemically modified was China (7.3M tonnes), accounting for 17% of total volume. Moreover, consumption of sunflower-seed or safflower oil, refined, but not chemically modified in China exceeded the figures recorded by the second-largest consumer, India (2.7M tonnes), threefold. The U.S. (2.4M tonnes) ranked third in terms of total consumption with a 5.7% share.
What are the largest producers of sunflower-seed or safflower oil, refined, but not chemically modified in the world?
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China (7.3M tonnes) constituted the country with the largest volume of production of sunflower-seed or safflower oil, refined, but not chemically modified, accounting for 17% of total volume. Moreover, production of sunflower-seed or safflower oil, refined, but not chemically modified in China exceeded the figures recorded by the second-largest producer, India (2.7M tonnes), threefold. The U.S. (2.4M tonnes) ranked third in terms of total production with a 5.6% share.
What are the leading suppliers of sunflower-seed or safflower oil, refined, but not chemically modified to the Philippines?
+
In value terms, Malaysia ($2.9M), Ukraine ($2.1M) and Austria ($689K) were the largest sunflower-seed or safflower oil, refined, but not chemically modified suppliers to the Philippines, together comprising 64% of total imports.
What is the average export price for sunflower-seed or safflower oil, refined, but not chemically modified in the Philippines?
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The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $1,017 per tonne in 2019, remaining constant against the previous year.
What is the average import price for sunflower-seed or safflower oil, refined, but not chemically modified in the Philippines?
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In 2019, the average import price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $1,233 per tonne, picking up by 2.6% against the previous year.

Product coverage:
• Prodcom 10415400 - Refined sunflower-seed and safflower oil and their fractions (excluding chemically modified)

This report provides an in-depth analysis of the market for sunflower-seed or safflower oil, refined, but not chemically modified 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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