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Philippines - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Soya Bean Market Overview 2021

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Soya Bean Market Size in the Philippines

In 2020, the Philippine soya bean market decreased by -X% to $X, falling for the third consecutive year after four years of growth. In general, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2020, consumption stood at a somewhat lower figure.

Soya Bean Production in the Philippines

In value terms, soya bean production rose markedly to $X in 2020 estimated in export prices. Overall, production showed a prominent expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs in 2020 and is expected to retain growth in the immediate term.

In 2020, the average yield of soya beans in the Philippines stood at X tonnes per ha, approximately mirroring the previous year. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced 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 2020 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of soya beans were harvested in the Philippines; flattening at the year before. Overall, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the harvested area increased by X% y-o-y. The soya bean harvested area peaked at X ha in 2009; however, from 2010 to 2020, the harvested area stood at a somewhat lower figure.

Soya Bean Exports

Exports from the Philippines

In 2020, overseas shipments of soya beans decreased by -X% to X kg, falling for the second consecutive year after two years of growth. Overall, exports showed a abrupt curtailment. The growth pace was the most rapid in 2008 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. From 2009 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, soya bean exports reduced dramatically to $X in 2020. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. As a result, exports attained the peak of $X. From 2009 to 2020, the growth exports remained at a lower figure.

Exports by Country

Malaysia (X kg) was the main destination for soya bean exports from the Philippines, accounting for a X% share of total exports. Moreover, soya bean exports to Malaysia exceeded the volume sent to the second major destination, Thailand (X kg), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume to Malaysia amounted to -X%.

In value terms, Malaysia ($X) remains the key foreign market for soya bean exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Malaysia totaled -X%.

Export Prices by Country

The average soya bean export price stood at $X per tonne in 2020, with an increase of X% against the previous year. In general, the export price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Malaysia ($X per tonne), while the average price for exports to Thailand totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia.

Soya Bean Imports

Imports into the Philippines

In 2020, purchases abroad of soya beans decreased by -X% to X tonnes, falling for the third consecutive year after four years of growth. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, soya bean imports declined notably to $X in 2020. Overall, imports recorded a modest expansion. The growth pace was the most rapid in 2016 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the U.S. (X tonnes) constituted the largest soya bean supplier to the Philippines, accounting for a X% share of total imports. Moreover, soya bean imports from the U.S. exceeded the figures recorded by the second-largest supplier, Brazil (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Canada (-X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of soya bean to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Canada (-X% per year).

Import Prices by Country

In 2020, the average soya bean import price amounted to $X per tonne, falling by -X% against the previous year. In general, import price indicated a slight expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, soya bean import price decreased by -X% against 2013 indices. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Canada ($X per tonne), while the price for the U.S. ($X per tonne) was 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 AI Platform

Product coverage:
• FCL 236 - Soybeans

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 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 2007–2020
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:
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, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

Webinar: Global Soybean Market - Statistics, Trends, and Outlook



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Tuesday, September 21st, 2021 @ 10:00 am ET


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