Report Philippines - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Philippines - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Soya Bean Market 2022

Soya Bean Market Size in the Philippines

In 2021, the Philippine soya bean market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, continues to indicate a resilient increase. Soya bean consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Soya Bean Production in the Philippines

In value terms, soya bean production skyrocketed to $X in 2021 estimated in export prices. In general, production continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Soya bean production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

The average yield of soya beans in the Philippines rose significantly to X tonnes per ha in 2021, with an increase of X% on the previous year. The yield figure increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the yield increased by X% y-o-y. Over the period under review, the average soya bean yield hit record highs in 2021 and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The soya bean harvested area in the Philippines contracted slightly to X ha in 2021, falling by -X% against 2020. Overall, the harvested area recorded a mild setback. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. The soya bean harvested area peaked at X ha in 2014; however, from 2015 to 2021, the harvested area stood at a somewhat lower figure.

Soya Bean Exports

Exports from the Philippines

Soya bean exports from the Philippines surged to X tonnes in 2021, jumping by X% against 2020. In general, exports, however, showed a noticeable slump. Over the period under review, the exports hit record highs at X tonnes in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, soya bean exports soared to $X in 2021. Overall, exports, however, recorded a deep contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tonnes) was the main destination for soya bean exports from the Philippines, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled +X%.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +X%.

Export Prices by Country

In 2021, the average soya bean export price amounted to $X per tonne, picking up by X% against the previous year. In general, the export price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2016 an increase of X% year-to-year. Over the period under review, the average export prices reached the maximum at $X per tonne in 2019; however, from 2020 to 2021, the 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 the Netherlands.

From 2012 to 2021, the rate of growth in terms of prices for the Netherlands amounted to +X% per year.

Soya Bean Imports

Imports into the Philippines

In 2021, supplies from abroad of soya beans decreased by -X% to X tonnes, falling for the fourth consecutive year after four years of growth. Overall, imports, however, posted a strong expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, soya bean imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2016 when imports increased by X% year-to-year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tonnes) constituted the largest supplier of soya bean to the Philippines, with a X% share of total imports. Moreover, soya bean imports from the United States exceeded the figures recorded by the second-largest supplier, Argentina (X tonnes), sevenfold. Canada (X tonnes) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+X% per year) and Canada (+X% per year).

In value terms, the United States ($X) constituted the largest supplier of soya bean to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by Argentina ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+X% per year) and Canada (-X% per year).

Import Prices by Country

In 2021, the average soya bean import price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per tonne in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were the United States ($X per tonne) and Argentina ($X per tonne), while the price for Canada ($X per tonne) and Brazil ($X per tonne) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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

Frequently Asked Questions (FAQ) :

What are the largest markets for soya beans in the world?
+
The countries with the highest volumes of soya bean consumption in 2021 were China, the United States and Argentina, with a combined 68% share of global consumption.
What are the largest producers of soya beans in the world?
+
The countries with the highest volumes of soya bean production in 2021 were Brazil, the United States and Argentina, with a combined 80% share of global production. China, India, Paraguay and Canada lagged somewhat behind, together comprising a further 14%.
What are the leading suppliers of soya beans to the Philippines?
+
In value terms, the United States constituted the largest supplier of soya bean to the Philippines, comprising 77% of total imports. The second position in the ranking was occupied by Argentina, with a 12% share of total imports. It was followed by Canada, with a 5.7% share.
What is the average export price for soya beans in the Philippines?
+
The average soya bean export price stood at $912 per tonne in 2021, surging by 124% against the previous year.
What is the average import price for soya beans in the Philippines?
+
In 2021, the average soya bean import price amounted to $576 per tonne, picking up by 21% against the previous year.

This report provides an in-depth analysis of the soya bean 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:
• FCL 236 - Soybeans
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
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 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 2012–2021
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, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
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:
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, 2012–2021
Figure 22:
Production, In Value Terms, 2012–2021
Figure 23:
Area Harvested, 2012–2021
Figure 24:
Yield, 2012–2021
Figure 25:
Imports, In Physical Terms, 2012–2021
Figure 26:
Imports, In Value Terms, 2012–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2012–2021
Figure 29:
Imports, In Value Terms, By Country, 2012–2021
Figure 30:
Import Prices, By Country Of Origin, 2012–2021
Figure 31:
Exports, In Physical Terms, 2012–2021
Figure 32:
Exports, In Value Terms, 2012–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2012–2021
Figure 35:
Exports, In Value Terms, By Country, 2012–2021
Figure 36:
Export Prices, By Country Of Destination, 2012–2021
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