Price for Cereal Groats; Meal and Pellets in the Philippines - 2023
Contents:
- Price for Cereal Groats; Meal and Pellets in the Philippines (CIF) - 2022
- Price for Cereal Groats; Meal and Pellets in the Philippines (FOB) - 2022
- Imports of Cereal Groats; Meal and Pellets in the Philippines
- Exports of Cereal Groats; Meal and Pellets in the Philippines
Price for Cereal Groats; Meal and Pellets in the Philippines (CIF) - 2022
The average import price for cereal groats; meal and pelletses stood at $736 per ton in 2022, rising by 27% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($1,758 per ton), while the price for Thailand ($263 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Groats; Meal and Pellets in the Philippines (FOB) - 2022
The average export price for cereal groats; meal and pelletses stood at $975 per ton in 2022, increasing by 5.4% against the previous year. In general, the export price saw a pronounced expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 64%. Over the period under review, the average export prices reached the maximum at $1,184 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($3,045 per ton), while the average price for exports to Papua New Guinea ($293 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats; Meal and Pellets in the Philippines
In 2022, overseas purchases of cereal groats; meal and pelletses increased by 10% to 7.4K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt shrinkage.
In value terms, cereal groats; meal and pellets imports surged to $5.4M in 2022. Over the period under review, imports, however, showed a deep downturn.
| Import of Cereal Groats; Meal and Pellets in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1,550 | 629 | 797 | 1,567 | 0.4% |
| Poland | 515 | 397 | 430 | 993 | 24.5% |
| France | 835 | 296 | 294 | 624 | -9.3% |
| Vietnam | 407 | 280 | 270 | 555 | 10.9% |
| Mexico | 2,379 | 1,775 | 1,567 | 530 | -39.4% |
| Indonesia | 176 | 134 | 142 | 324 | 22.6% |
| Turkey | 283 | 170 | 139 | 297 | 1.6% |
| Others | 366 | 179 | 263 | 541 | 13.9% |
| Total | 6,511 | 3,860 | 3,902 | 5,431 | -5.9% |
Top Suppliers of Cereal Groats; Meal and Pellets to the Philippines in 2022:
- Poland (1793.2 tons)
- Australia (1352.3 tons)
- France (1141.5 tons)
- Mexico (769.1 tons)
- Turkey (569.7 tons)
- Indonesia (568.2 tons)
- Vietnam (315.9 tons)
Exports of Cereal Groats; Meal and Pellets in the Philippines
In 2022, shipments abroad of cereal groats; meal and pelletses was finally on the rise to reach 32 tons after two years of decline. In general, exports, however, saw a sharp reduction.
In value terms, cereal groats; meal and pellets exports skyrocketed to $31K in 2022. Overall, exports, however, showed a precipitous contraction.
| Export of Cereal Groats; Meal and Pellets in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 36.8 | 19.0 | 9.4 | 15.3 | -25.4% |
| Vietnam | 11.8 | 6.2 | 3.1 | 5.2 | -23.9% |
| Papua New Guinea | 18.5 | 8.3 | 3.5 | 5.0 | -35.3% |
| Hong Kong SAR | 9.0 | 3.3 | 1.2 | 1.4 | -46.2% |
| Israel | N/A | N/A | N/A | 0.3 | 0% |
| Myanmar | 0.8 | 0.4 | 0.2 | 0.3 | -27.9% |
| Others | 13.0 | 5.1 | 2.4 | 3.5 | -35.4% |
| Total | 89.8 | 42.2 | 19.8 | 31.0 | -29.8% |
Top Export Markets for Cereal Groats; Meal and Pellets from the Philippines in 2022:
- Papua New Guinea (17.1 tons)
- Vietnam (5.4 tons)
- Malaysia (5.0 tons)
- Hong Kong SAR (2.4 tons)
- Myanmar (0.6 tons)
- Israel (0.5 tons)
411
This report provides an in-depth analysis of the non-wheat cereal pellets market in the Philippines.
502
This report provides an in-depth analysis of the non-wheat groats market in the Philippines.
309
This report provides an in-depth analysis of the market for wheat and spelt groats in the Philippines.
279
This report provides an in-depth analysis of the durum wheat meals market in the Philippines.
534
This report provides an in-depth analysis of the wheat pellets market in the Philippines.
859
This report provides an in-depth analysis of the global non-wheat cereal pellets market.
960
This report provides an in-depth analysis of the global non-wheat groats market.
452
Global Wheat And Spelt Groats Market Report 2018. This report provides an in-depth analysis of the global market for wheat and spelt groats.
455
Global Durum Wheat Meals Market Report 2018. This report provides an in-depth analysis of the global durum wheat meals market.
505
Global Wheat Pellets Market Report 2018. This report provides an in-depth analysis of the global wheat pellets market.
Nothing found. Please try again.
