Price for Cereal Grains; Rolled or Flaked, of Oats in the Philippines - 2023

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Oats in the Philippines (CIF) - 2022
2. Price for Cereal Grains; Rolled or Flaked, of Oats in the Philippines (FOB) - 2022
3. Imports of Cereal Grains; Rolled or Flaked, of Oats in the Philippines
4. Exports of Cereal Grains; Rolled or Flaked, of Oats in the Philippines

Price for Cereal Grains; Rolled or Flaked, of Oats in the Philippines (CIF) - 2022

The average import price for cereal grains; rolled or flaked, of oatses stood at $1,004 per ton in 2022, surging by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2020 when the average import price increased by 18% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($1,004 per ton) and the United States ($1,004 per ton), while the price for Canada ($1,004 per ton) and the UK ($1,004 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Grains; Rolled or Flaked, of Oats in the Philippines (FOB) - 2022

The average export price for cereal grains; rolled or flaked, of oatses stood at $913 per ton in 2022, surging by 18% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2014 an increase of 45%. As a result, the export price attained the peak level of $3,189 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($913 per ton) and Hong Kong SAR ($913 per ton), while the average price for exports to Indonesia ($913 per ton) and the United Arab Emirates ($913 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+31.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cereal Grains; Rolled or Flaked, of Oats in the Philippines

In 2022, overseas purchases of cereal grains; rolled or flaked, of oatses were finally on the rise to reach 9.8K tons after two years of decline. In general, imports, however, recorded a abrupt decrease.

In value terms, imports of cereal grains; rolled or flaked, of oatses soared to $9.8M in 2022. The total import value increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period.

Top Suppliers of Cereal Grains; Rolled or Flaked, of Oats to the Philippines in 2022:

1. Australia (9.1K tons)
2. Canada (0.3K tons)
3. Malaysia (0.3K tons)

Exports of Cereal Grains; Rolled or Flaked, of Oats in the Philippines

In 2022, the amount of cereal grains; rolled or flaked, of oatses exported from the Philippines soared to 34 tons, jumping by 1,473% on 2021. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cereal grains; rolled or flaked, of oatses skyrocketed to $31K in 2022. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cereal Grains; Rolled or Flaked, of Oats from the Philippines in 2022:

1. Indonesia (17.1 tons)
2. Hong Kong SAR (13.6 tons)
3. United Arab Emirates (2.4 tons)
4. Australia (0.8 tons)

Source: IndexBox Market Intelligence Platform