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Philippines - Sunflower Oilcake - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPhilippines: Sunflower Oilcake Market 2024
Sunflower Oilcake Market Size in the Philippines
In 2023, the Philippine sunflower oilcake market decreased by X% to less than $X for the first time since 2020, thus ending a two-year declining trend. In general, consumption recorded a significant expansion. The growth pace was the most rapid in 2021 when the market value decreased by X% against the previous year. Sunflower oilcake consumption peaked at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.
Sunflower Oilcake Production in the Philippines
In value terms, sunflower oilcake production reached $X in 2023 estimated in export price. Overall, production enjoyed a noticeable increase. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.
Sunflower Oilcake Exports
Exports from the Philippines
In 2020, approx. X kg of sunflower oilcake were exported from the Philippines; flattening at the year before. In general, exports faced a sharp shrinkage. The smallest decline of X% was in 2016. Over the period under review, the exports attained the peak figure at X kg in 2015; however, from 2016 to 2020, the exports failed to regain momentum.
In value terms, sunflower oilcake exports stood at $X in 2020. Overall, exports showed a significant expansion. The smallest decline of X% was in 2016. The exports peaked in 2020 and are expected to retain growth in the immediate term.
Exports by Country
Kiribati (X kg) was the main destination for sunflower oilcake exports from the Philippines, with a approx. X% share of total exports.
From 2015 to 2020, the average annual rate of growth in terms of volume to Kiribati was relatively modest.
From 2015 to 2020, the average annual growth rate of value to Kiribati was relatively modest.
Export Prices by Country
The average sunflower oilcake export price stood at $X per ton in 2020, flattening at the previous year. In general, the export price recorded significant growth. The pace of growth was the most pronounced in 2016 when the average export price decreased by X%. The export price peaked in 2020 and is expected to retain growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Kiribati.
From 2015 to 2020, the rate of growth in terms of prices for Kiribati amounted to X% per year.
Sunflower Oilcake Imports
Imports into the Philippines
In 2023, purchases abroad of sunflower oilcake decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports recorded a sharp decrease. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.
In value terms, sunflower oilcake imports declined significantly to $X in 2023. Overall, imports continue to indicate a dramatic setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.
Imports by Country
In 2023, Australia (X tons) was the main sunflower oilcake supplier to the Philippines, accounting for a approx. X% share of total imports.
From 2012 to 2023, the average annual growth rate of volume from Australia was relatively modest.
In value terms, Australia ($X) constituted the largest supplier of sunflower oilcake to the Philippines.
From 2012 to 2023, the average annual growth rate of value from Australia was relatively modest.
Import Prices by Country
In 2023, the average sunflower oilcake import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From 2012 to 2023, the rate of growth in terms of prices for Ukraine amounted to X% per year.
Source: IndexBox Platform
This report provides an in-depth analysis of the sunflower oilcake market 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 10414150 - Oilcake and other solid residues resulting from the extraction of sunflower seed fats or oils
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.
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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
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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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