Price for Cereals; Barley, Other than Seed in the Philippines - 2024
Contents:
- Price for Cereals; Barley, Other than Seed in the Philippines (CIF) - 2022
- Price for Cereals; Barley, Other than Seed in the Philippines (FOB) - 2022
- Imports of Cereals; Barley, Other than Seed in the Philippines
- Exports of Cereals; Barley, Other than Seed in the Philippines
Price for Cereals; Barley, Other than Seed in the Philippines (CIF) - 2022
The average import price for cereals; barley, other than seeds stood at $333 per ton in 2022, growing by 31% against the previous year. Overall, import price indicated a resilient expansion from 2017 to 2022: its price increased at an average annual rate of +8.0% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; barley, other than seed import price increased by +59.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 33%. The import price peaked at $335 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From 2017 to 2022, the rate of growth in terms of prices for Australia amounted to +8.2% per year.
Price for Cereals; Barley, Other than Seed in the Philippines (FOB) - 2022
The average export price for cereals; barley, other than seeds stood at $236 per ton in 2021, rising by 23% against the previous year. In general, the export price, however, faced a precipitous setback. The export price peaked at $27,377 per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($253 per ton), while the average price for exports to Singapore ($226 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-90.4%), while the prices for the other major destinations experienced a decline.
Imports of Cereals; Barley, Other than Seed in the Philippines
After three years of growth, overseas purchases of cereals; barley, other than seeds decreased by -32.3% to 551K tons in 2022. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 2,271% against the previous year. As a result, imports attained the peak of 815K tons, and then fell notably in the following year.
In value terms, cereals; barley, other than seed imports declined to $183M in 2022. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 2,783%. As a result, imports attained the peak of $207M, and then contracted in the following year.
Import of Cereals; Barley, Other than Seed in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 4.1 | 7.1 | 206 | 183 | 254.7% |
Others | N/A | 0.1 | 0.6 | 0.2 | 41.4% |
Total | 4.1 | 7.2 | 207 | 183 | 254.7% |
Top Suppliers of Cereals; Barley, Other than Seed to the Philippines in 2022:
- Australia (551.4K tons)
Exports of Cereals; Barley, Other than Seed in the Philippines
For the third year in a row, the Philippines recorded growth in overseas shipments of cereals; barley, other than seeds, which increased by 95% to 2.8K tons in 2021. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 43,695% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.
In value terms, cereals; barley, other than seed exports skyrocketed to $663K in 2021. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 206% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.
Export of Cereals; Barley, Other than Seed in the Philippines (Thousand USD) | ||||
---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
United Arab Emirates | 23.7 | 95.6 | 333 | 274.8% |
Cyprus | 3.3 | N/A | 185 | 648.7% |
Singapore | 15.5 | 92.2 | 138 | 198.4% |
Qatar | 47.6 | 79.1 | N/A | 66.2% |
Others | N/A | 8.9 | 6.8 | -23.6% |
Total | 90.0 | 276 | 663 | 171.4% |
Top Export Markets for Cereals; Barley, Other than Seed from the Philippines in 2022:
- United Arab Emirates (1314.5 tons)
- Cyprus (818.3 tons)
- Singapore (611.7 tons)
This report provides an in-depth analysis of the barley market in the Philippines.
This report provides an in-depth analysis of the grain market in the Philippines.
This report provides an in-depth analysis of the global barley market.
This report provides an in-depth analysis of the global grain market.
This report provides an in-depth analysis of the barley market in the Philippines.
This report provides an in-depth analysis of the global barley market.
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