Price for Cereals; Oats, Other than Seed in the Philippines - 2023
Contents:
- Price for Cereals; Oats, Other than Seed in the Philippines (CIF) - 2022
- Price for Cereals; Oats, Other than Seed in the Philippines (FOB) - 2022
- Imports of Cereals; Oats, Other than Seed in the Philippines
- Exports of Cereals; Oats, Other than Seed in the Philippines
Price for Cereals; Oats, Other than Seed in the Philippines (CIF) - 2022
The average import price for cereals; oats, other than seeds stood at $336 per ton in 2022, with an increase of 25% against the previous year. Over the period under review, import price indicated resilient growth from 2017 to 2022: its price increased at an average annual rate of +5.7% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; oats, other than seed import price increased by +30.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 28% against the previous year. The import price peaked at $400 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($362 per ton), while the price for the United States ($182 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Oats, Other than Seed in the Philippines (FOB) - 2022
The average export price for cereals; oats, other than seeds stood at $4,481 per ton in 2022, growing by 74% against the previous year. Over the period under review, the export price posted a pronounced expansion. The growth pace was the most rapid in 2015 an increase of 111%. As a result, the export price reached the peak level of $4,859 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($6,048 per ton), while the average price for exports to New Zealand amounted to $4,217 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (-0.3%).
Imports of Cereals; Oats, Other than Seed in the Philippines
In 2022, after three years of growth, there was significant decline in overseas purchases of cereals; oats, other than seeds, when their volume decreased by -6.8% to 9.1K tons. The total import volume increased at an average annual rate of +11.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 43%.
In value terms, cereals; oats, other than seed imports soared to $3M in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Oats, Other than Seed in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 2.3 | 2.0 | 2.2 | 2.9 | 8.0% |
| Canada | 0.2 | 0.4 | 0.2 | N/A | 0.0% |
| United States | N/A | N/A | 0.1 | N/A | 0% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 2.6 | 2.4 | 2.6 | 3.0 | 4.9% |
Top Suppliers of Cereals; Oats, Other than Seed to the Philippines in 2022:
- Australia (8.8K tons)
- United States (0.1K tons)
- Canada (0.1K tons)
Exports of Cereals; Oats, Other than Seed in the Philippines
In 2022, cereals; oats, other than seed exports from the Philippines skyrocketed to 418 kg, growing by 5,871% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a sharp curtailment.
In value terms, cereals; oats, other than seed exports skyrocketed to $1.9K in 2022. Overall, exports, however, faced a precipitous curtailment.
| Export of Cereals; Oats, Other than Seed in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| New Zealand | N/A | N/A | 1.5 | 0% | |
| Ireland | N/A | N/A | 0.4 | 0% | |
| United States | 2.8 | N/A | N/A | 0% | |
| Papua New Guinea | 0.6 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 3.3 | N/A | 1.9 | -24.1% | |
Top Export Markets for Cereals; Oats, Other than Seed from the Philippines in 2022:
- New Zealand (350.0 kg)
- Ireland (63.0 kg)
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