Price for Oil Seeds; Linseed, Whether or Not Broken in the Philippines - 2024
Contents:
- Price for Oil Seeds; Linseed, Whether or Not Broken in the Philippines (CIF) - 2022
- Price for Oil Seeds; Linseed, Whether or Not Broken in the Philippines (FOB) - 2022
- Imports of Oil Seeds; Linseed, Whether or Not Broken in the Philippines
- Exports of Oil Seeds; Linseed, Whether or Not Broken in the Philippines
Price for Oil Seeds; Linseed, Whether or Not Broken in the Philippines (CIF) - 2022
The average import price for oil seeds; linseed, whether or not brokens stood at $1,212 per ton in 2022, rising by 15% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for oil seeds; linseed, whether or not brokens increased by +63.4% against 2019 indices. The growth pace was the most rapid in 2017 when the average import price increased by 72% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($1,212 per ton) and the United States ($1,212 per ton), while the price for Singapore ($1,212 per ton) and Canada ($1,212 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Oil Seeds; Linseed, Whether or Not Broken in the Philippines (FOB) - 2022
The average export price for oil seeds; linseed, whether or not brokens stood at $4,550 per ton in 2022, with an increase of 72% against the previous year. In general, the export price saw a buoyant expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 184%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($4,564 per ton), while the average price for exports to Guatemala stood at $4,000 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+24.0%).
Imports of Oil Seeds; Linseed, Whether or Not Broken in the Philippines
In 2022, supplies from abroad of oil seeds; linseed, whether or not brokens decreased by -1% to 225 tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 47%. As a result, imports reached the peak of 466 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of oil seeds; linseed, whether or not brokens expanded remarkably to $273K in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +5.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.8% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 63%. As a result, imports reached the peak of $384K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Oil Seeds; Linseed, Whether or Not Broken in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 185 | 275 | 82.9 | 193 | 1.4% |
| United States | 25.0 | 81.7 | 58.5 | 28.7 | 4.7% |
| China | 17.2 | 14.2 | 28.7 | 23.3 | 10.6% |
| India | 2.1 | 6.3 | 15.6 | 19.8 | 111.3% |
| Singapore | 0.7 | 1.1 | 1.9 | 5.2 | 95.1% |
| Russia | N/A | N/A | 45.6 | N/A | 0% |
| Others | 5.0 | 5.5 | 7.3 | 3.3 | -12.9% |
| Total | 235 | 384 | 241 | 273 | 5.1% |
Top Suppliers of Oil Seeds; Linseed, Whether or Not Broken to the Philippines in 2022:
- Canada (159.0 tons)
- United States (23.7 tons)
- China (19.2 tons)
- India (16.3 tons)
- Singapore (4.3 tons)
Exports of Oil Seeds; Linseed, Whether or Not Broken in the Philippines
In 2022, shipments abroad of oil seeds; linseed, whether or not brokens decreased by -99% to 80 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 480% against the previous year. As a result, the exports reached the peak of 7.8 tons, and then declined notably in the following year.
In value terms, exports of oil seeds; linseed, whether or not brokens contracted markedly to $364 in 2022. Overall, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 1,549%. As a result, the exports reached the peak of $21K, and then contracted significantly in the following year.
| Export of Oil Seeds; Linseed, Whether or Not Broken in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 0.6 | 1.1 | 16.5 | 0.4 | -12.6% |
| Guatemala | N/A | N/A | N/A | N/A | 0% |
| Montenegro | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Czech Republic | N/A | N/A | 4.2 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.6 | 1.3 | 20.8 | 0.4 | -12.6% |
Top Export Markets for Oil Seeds; Linseed, Whether or Not Broken from the Philippines in 2022:
- Canada (78.0 kg)
- Guatemala (2.0 kg)
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