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Philippines - Soybean Oilcake - Market Analysis, Forecast, Size, Trends And Insights
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Philippines: Soybean Oilcake Market Overview 2021

Soybean Oilcake Market Size in the Philippines

In 2020, the Philippine soybean oilcake market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, the total consumption indicated a temperate increase from 2007 to 2020: its value 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, consumption increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2008 when the market value increased by X% y-o-y. Soybean oilcake consumption peaked in 2020 and is expected to retain growth in the near future.

Soybean Oilcake Exports

Exports from the Philippines

In 2020, exports of soybean oilcake from the Philippines shrank to X tonnes, approximately mirroring the previous year's figure. Over the period under review, exports recorded a deep slump. The pace of growth appeared the most rapid in 2015 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, soybean oilcake exports amounted to $X in 2020. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The UK (X tonnes) was the main destination for soybean oilcake exports from the Philippines, with a X% share of total exports. Moreover, soybean oilcake exports to the UK exceeded the volume sent to the second major destination, Guam (X tonnes), twofold. The third position in this ranking was occupied by New Zealand (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the UK stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guam (+X% per year) and New Zealand (+X% per year).

In value terms, the UK ($X) remains the key foreign market for soybean oilcake exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by Guam ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the UK stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guam (+X% per year) and Singapore (-X% per year).

Export Prices by Country

The average soybean oilcake export price stood at $X per tonne in 2020, picking up by X% against the previous year. In general, the export price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2010 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Singapore ($X per tonne), while the average price for exports to New Zealand ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Singapore, while the prices for the other major destinations experienced mixed trend patterns.

Soybean Oilcake Imports

Imports into the Philippines

In 2020, soybean oilcake imports into the Philippines expanded rapidly to X tonnes, surging by X% compared with the previous year. Overall, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, imports attained the maximum in 2020 and are likely to see steady growth in the near future.

In value terms, soybean oilcake imports amounted to $X in 2020. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2020 and are likely to continue growth in the near future.

Imports by Country

In 2020, the U.S. (X tonnes) constituted the largest supplier of soybean oilcake to the Philippines, accounting for a X% share of total imports. Moreover, soybean oilcake imports from the U.S. exceeded the figures recorded by the second-largest supplier, Argentina (X tonnes), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. amounted to +X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. stood at +X%.

Import Prices by Country

The average soybean oilcake import price stood at $X per tonne in 2020, growing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while the price for Argentina stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Argentina.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for soybean oilcake in the world?
+
China (37M tonnes) constituted the country with the largest volume of soybean oilcake consumption, accounting for 15% of total volume. Moreover, soybean oilcake consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (17M tonnes), twofold. The third position in this ranking was occupied by India (15M tonnes), with a 6% share.
What are the largest producers of soybean oilcake in the world?
+
The countries with the highest volumes of soybean oilcake production in 2020 were China (38M tonnes), the U.S. (26M tonnes) and Argentina (25M tonnes), together accounting for 38% of global production. These countries were followed by India, Brazil, Pakistan, Russia, Germany, Nigeria, Japan, Bangladesh and Ethiopia, which together accounted for a further 32%.
What are the leading suppliers of soybean oilcake to the Philippines?
+
In value terms, the U.S. ($970M) constituted the largest supplier of soybean oilcake to the Philippines, comprising 75% of total imports. The second position in the ranking was occupied by Argentina ($305M), with a 24% share of total imports.
What are the leading importers of soybean oilcake from the Philippines?
+
In value terms, the UK ($178K) remains the key foreign market for soybean oilcake exports from the Philippines, comprising 60% of total exports. The second position in the ranking was occupied by Guam ($54K), with a 18% share of total exports. It was followed by Singapore, with a 11% share.
What is the average export price for soybean oilcake in the Philippines?
+
The average soybean oilcake export price stood at $214 per tonne in 2020, with an increase of 1.7% against the previous year.
What is the average import price for soybean oilcake in the Philippines?
+
The average soybean oilcake import price stood at $399 per tonne in 2020, with an increase of 2.4% against the previous year.

Product coverage:
• Prodcom 10414130 - Oilcake and other solid residues resulting from the extraction of soya-bean oil

This report provides an in-depth analysis of the soybean oilcake 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
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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