Report Philippines - Refined Sunflower-Seed and Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Philippines - Refined Sunflower-Seed and Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2022

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

In 2021, the Philippine market for sunflower-seed or safflower oil, refined, but not chemically modified decreased by -2.6% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Consumption of peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

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 reduced to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 31% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

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

Exports from the Philippines

In 2021, overseas shipments of sunflower-seed or safflower oil, refined, but not chemically modified decreased by -9.7% to X tons, falling for the third consecutive year after three years of growth. Overall, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2016 when exports increased by 83% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified reduced sharply to $X in 2021. Over the period under review, exports showed a dramatic downturn. The growth pace was the most rapid in 2018 with an increase of 39%. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for exports of sunflower-seed or safflower oil, refined, but not chemically modified from the Philippines, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Singapore stood at +92.2%.

In value terms, Singapore ($X) emerged as the key foreign market for sunflower-seed or safflower oil, refined, but not chemically modified exports from the Philippines.

From 2012 to 2021, the average annual growth rate of value to Singapore amounted to +45.5%.

Export Prices by Country

The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per ton in 2021, which is down by -58.9% against the previous year. In general, the export price showed a deep slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 35%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to -16.4% per year.

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

Imports into the Philippines

In 2021, imports of sunflower-seed or safflower oil, refined, but not chemically modified into the Philippines surged to X tons, growing by 21% against 2020 figures. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 220% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 211%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Bosnia and Herzegovina (X tons), Ukraine (X tons) and Malaysia (X tons) were the main suppliers of imports of sunflower-seed or safflower oil, refined, but not chemically modified to the Philippines, with a combined 74% share of total imports. These countries were followed by Turkey, Singapore, Spain and the Netherlands, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +273.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), Ukraine ($X) and Malaysia ($X) constituted the largest sunflower-seed or safflower oil, refined, but not chemically modified suppliers to the Philippines, together comprising 71% of total imports. Turkey, Singapore, Spain and the Netherlands lagged somewhat behind, together accounting for a further 26%.

The Netherlands, with a CAGR of +236.7%, saw 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

In 2021, the average import price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $X per ton, increasing by 13% against the previous year. Over the period under review, the import price, however, saw a pronounced contraction. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Turkey ($X per ton) and Singapore ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

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 countries with the highest volumes of consumption in 2021 were China, the United States and India, together comprising 29% of global consumption. These countries were followed by Japan, Pakistan, Russia, Nigeria, Brazil, Indonesia, Bangladesh, Ethiopia, Turkey and Mexico, which together accounted for a further 28%.
What are the largest producers of sunflower-seed or safflower oil, refined, but not chemically modified in the world?
+
The countries with the highest volumes of production in 2021 were China, the United States and India, with a combined 28% share of global production. These countries were followed by Russia, Japan, Pakistan, Turkey, Nigeria, Brazil, Indonesia, Bangladesh, Mexico and Spain, which together accounted for a further 29%.
What are the leading suppliers of sunflower-seed or safflower oil, refined, but not chemically modified to the Philippines?
+
In value terms, Bosnia and Herzegovina, Ukraine and Malaysia appeared to be the largest sunflower-seed or safflower oil, refined, but not chemically modified suppliers to the Philippines, with a combined 71% share of total imports. These countries were followed by Turkey, Singapore, Spain and the Netherlands, which together accounted for a further 26%.
What are the leading importers of sunflower-seed or safflower oil, refined, but not chemically modified from the Philippines?
+
In value terms, Singapore emerged as the key foreign market for sunflower-seed or safflower oil, refined, but not chemically modified exports from the Philippines.
What is the average export price for sunflower-seed or safflower oil, refined, but not chemically modified in the Philippines?
+
The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $457 per ton in 2021, waning by -58.9% 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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The average import price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $1,509 per ton in 2021, picking up by 13% against the previous year.

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 2030.


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

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 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
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 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
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, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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