Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in the Philippines - 2023

Contents:

1. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in the Philippines (CIF) - 2022
2. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in the Philippines (FOB) - 2022
3. Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in the Philippines
4. Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in the Philippines

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in the Philippines (CIF) - 2022

In 2022, the average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses amounted to $692 per ton, picking up by 8.8% against the previous year. In general, the import price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 45%. Over the period under review, average import prices reached the peak figure at $1,175 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($692 per ton), while the price for Australia totaled $692 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.6%).

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in the Philippines (FOB) - 2022

The average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses stood at $635 per ton in 2022, reducing by -78.6% against the previous year. Overall, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2015 an increase of 54%. As a result, the export price attained the peak level of $4,057 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +4.3% per year.

Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in the Philippines

In 2022, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses into the Philippines reduced dramatically to 871 tons, declining by -15.8% compared with the previous year's figure. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +9.0% 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 +65.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 96% against the previous year. As a result, imports attained the peak of 1K tons, and then declined significantly in the following year.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses reduced to $603K in 2022. Over the period under review, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 6.2% against the previous year.

Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats to the Philippines in 2022:

1. United States (633.8 tons)
2. Australia (229.9 tons)

Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in the Philippines

In 2022, the amount of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses exported from the Philippines shrank sharply to 611 kg, waning by -81.5% on 2021 figures. Over the period under review, exports showed a precipitous decrease. The growth pace was the most rapid in 2021 with an increase of 16%.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses shrank dramatically to $388 in 2022. In general, exports recorded a significant curtailment. The growth pace was the most rapid in 2021 when exports increased by 46% against the previous year.

Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats from the Philippines in 2022:

1. Japan (611.0 kg)

Source: IndexBox Market Intelligence Platform