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Philippines - Refined Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in the Philippines - 2023
Contents:
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in the Philippines (CIF) - 2022
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in the Philippines (FOB) - 2022
- Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in the Philippines
- Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in the Philippines
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in the Philippines (CIF) - 2022
In 2022, the average import price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $2,360 per ton, picking up by 56% against the previous year. Over the period under review, the import price posted a noticeable expansion. Over the period under review, average import prices attained the maximum at $2,495 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 Argentina ($3,230 per ton), while the price for Ukraine ($1,731 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+38.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in the Philippines (FOB) - 2022
The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $457 per ton in 2022, flattening at the previous year. Over the period under review, the export price recorded a precipitous decrease. Over the period under review, the average export prices reached the maximum at $388,379 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($1,018 per ton), while the average price for exports to Switzerland ($130 per ton) was amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-29.0%), while the prices for the other major destinations experienced a decline.
Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in the Philippines
In 2022, the amount of sunflower-seed or safflower oil, refined, but not chemically modified imported into the Philippines rose markedly to 11K tons, picking up by 12% compared with the previous year. Over the period under review, imports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2020 when imports increased by 28% against the previous year. As a result, imports reached the peak of 15K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified soared to $26M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bosnia and Herzegovina | N/A | 3.4 | 4.8 | 10.9 | 79.0% |
Malaysia | 4.8 | 4.5 | 2.2 | 3.9 | -6.7% |
Austria | 1.2 | N/A | N/A | 3.4 | 41.5% |
Argentina | N/A | N/A | N/A | 2.0 | 0% |
Ukraine | 3.5 | 3.5 | 3.5 | 1.9 | -18.4% |
Spain | 0.8 | 3.6 | 0.5 | 1.6 | 26.0% |
Turkey | 0.8 | 0.3 | 1.7 | 0.6 | -9.1% |
Others | 3.7 | 3.1 | 2.0 | 1.9 | -19.9% |
Total | 14.7 | 18.4 | 14.8 | 26.0 | 20.9% |
Top Suppliers of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified to the Philippines in 2022:
- Bosnia and Herzegovina (4.6K tons)
- Malaysia (1.8K tons)
- Austria (1.2K tons)
- Ukraine (1.1K tons)
- Spain (0.7K tons)
- Argentina (0.6K tons)
- Turkey (0.2K tons)
Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in the Philippines
In 2022, exports of sunflower-seed or safflower oil, refined, but not chemically modified from the Philippines shrank significantly to 3.1 tons, dropping by -50% compared with 2021. Overall, exports saw a precipitous decline.
In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified reduced sharply to $1.4K in 2022. In general, exports continue to indicate a sharp slump.
Export of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in the Philippines (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
Canada | N/A | 1,062 | 0% | ||
Switzerland | N/A | 261 | 0% | ||
India | 791 | 26.0 | -96.7% | ||
South Korea | 112 | 4.0 | -96.4% | ||
Bahrain | 148 | N/A | 0% | ||
Others | 1,790 | 67.0 | -96.3% | ||
Total | 2,841 | 1,420 | -50.0% |
Top Export Markets for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified from the Philippines in 2022:
- Switzerland (2009.0 kg)
- Canada (1043.0 kg)
- South Korea (17.0 kg)
- India (11.0 kg)
This report provides an in-depth analysis of the market for sunflower-seed or safflower oil, refined, but not chemically modified in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10415400 - Refined sunflower-seed and safflower oil and their fractions (excluding chemically modified)
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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