Latest Report Update: May 17, 2021

Philippines - Wheat Or Meslin Flour - Market Analysis, Forecast, Size, Trends And Insights
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Philippines: Wheat Flour Market Overview 2021

Wheat Flour Market Size in the Philippines

The Philippine wheat flour market rose to $X in 2020, picking up by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Wheat flour consumption peaked at $X in 2013; afterwards, it flattened through to 2020.

Wheat Flour Production in the Philippines

In value terms, wheat flour production rose to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% y-o-y. Wheat flour production peaked at $X in 2013; afterwards, it flattened through to 2020.

Wheat Flour Exports

Exports from the Philippines

In 2020, the amount of wheat or meslin flour exported from the Philippines rose sharply to X tonnes, with an increase of X% compared with the previous year's figure. Over the period under review, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Exports peaked in 2020 and are likely to see gradual growth in the immediate term.

In value terms, wheat flour exports expanded notably to $X in 2020. Overall, exports saw a prominent increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Exports peaked in 2020 and are expected to retain growth in the near future.

Exports by Country

Thailand (X tonnes) was the main destination for wheat flour exports from the Philippines, with a X% share of total exports. Moreover, wheat flour exports to Thailand exceeded the volume sent to the second major destination, Viet Nam (X tonnes), sixfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Thailand amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Viet Nam (+X% per year) and Myanmar (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value to Thailand totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Viet Nam (+X% per year) and Myanmar (+X% per year).

Export Prices by Country

In 2020, the average wheat flour export price amounted to $X per tonne, flattening at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2009 to 2020, the growth in terms of the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2020, the country with the highest price was Thailand ($X per tonne), while the average price for exports to Viet Nam ($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 Myanmar, while the prices for the other major destinations experienced mixed trend patterns.

Wheat Flour Imports

Imports into the Philippines

In 2020, supplies from abroad of wheat or meslin flour decreased by -X% to X tonnes, falling for the fifth year in a row after two years of growth. Overall, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. Imports peaked at X tonnes in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, wheat flour imports contracted to $X in 2020. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2020, imports remained at a lower figure.

Imports by Country

Turkey (X tonnes), Viet Nam (X tonnes) and Indonesia (X tonnes) were the main suppliers of wheat flour imports to the Philippines, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Viet Nam, while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest wheat flour suppliers to the Philippines were Viet Nam ($X), Turkey ($X) and Indonesia ($X), with a combined X% share of total imports.

Viet Nam saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average wheat flour import price stood at $X per tonne in 2020, stabilizing at the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Australia ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ukraine, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wheat or meslin flour in the world?
+
China (75M tonnes) remains the largest wheat flour consuming country worldwide, accounting for 19% of total volume. Moreover, wheat flour consumption in China exceeded the figures recorded by the second-largest consumer, India (23M tonnes), threefold. The third position in this ranking was occupied by Indonesia (17M tonnes), with a 4.4% share.
What are the largest producers of wheat or meslin flour in the world?
+
The country with the largest volume of wheat flour production was China (75M tonnes), comprising approx. 19% of total volume. Moreover, wheat flour production in China exceeded the figures recorded by the second-largest producer, India (23M tonnes), threefold. Indonesia (17M tonnes) ranked third in terms of total production with a 4.4% share.
What are the leading suppliers of wheat or meslin flour to the Philippines?
+
In value terms, Viet Nam ($6.2M), Turkey ($5.6M) and Indonesia ($2.3M) constituted the largest wheat flour suppliers to the Philippines, with a combined 89% share of total imports.
What are the leading importers of wheat or meslin flour from the Philippines?
+
In value terms, Thailand ($18M) remains the key foreign market for wheat flour exports from the Philippines, comprising 81% of total exports. The second position in the ranking was occupied by Viet Nam ($2M), with a 9.4% share of total exports.
What is the average export price for wheat or meslin flour in the Philippines?
+
In 2020, the average wheat flour export price amounted to $397 per tonne, almost unchanged from the previous year.
What is the average import price for wheat or meslin flour in the Philippines?
+
In 2020, the average wheat flour import price amounted to $343 per tonne, approximately equating the previous year.

Product coverage:
• Prodcom 10612100 - Wheat or meslin flour

This report provides an in-depth analysis of the wheat flour 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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