Philippines: Dry Bean Market 2020

Dry Bean Market Size in the Philippines

The revenue of the dry bean market in the Philippines amounted to $X in 2017, declining by -X% against the previous year. The market value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008, when market value increased by X% year-to-year. Over the period under review, the dry bean market attained its maximum level of $X in 2016, and then declined slightly in the following year.

Dry Bean Production in the Philippines

Dry bean production in the Philippines totaled X tons in 2017, rising by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed over the period under review. The most prominent rate of growth was recorded in 2011, when the output figure increased by X% year-to-year. Over the period under review, the dry bean production reached its maximum volume in 2017, and is likely to see steady growth in the near future. Dry bean output in the Philippines indicated a slight expansion, which was largely conditioned by a mild growth of the harvested area and a modest expansion in yield figures.

In 2017, average yield of beans (dry) in the Philippines totaled X kg per ha, approximately equating the previous year. The yield figure increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015, when it surged by X% y-o-y. The Philippines dry bean yield peaked in 2017, and is expected to retain its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, harvested area of beans (dry) in the Philippines amounted to X ha, remaining constant against the previous year. Overall, dry bean harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, with an increase of X% against the previous year. In that year, the dry bean harvested area attained their peak figure of X ha. From 2012 to 2017, growth of the dry bean harvested area stood at a somewhat lower level.

Dry Bean Exports in the Philippines

Dry bean exports from the Philippines stood at X tons in 2017, picking up by X% against the previous year. In general, dry bean exports continue to indicate a temperate expansion. The pace of growth appeared the most rapid in 2014, when it surged by X% year-to-year. The Philippines exports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, dry bean exports totaled $X in 2017. In general, dry bean exports continue to indicate a remarkable growth. Over the period under review, the dry bean exports attained its maximum level in 2017, and are likely to continue its growth in the near future.

Dry Bean Exports by Country in the Philippines

In 2017, Myanmar (X tons), distantly followed by China (X tons), the U.S. (X tons), Argentina (X tons) and Canada (X tons) were the major exporters of beans (dry), together committing X% of total exports. Brazil (X tons), Ethiopia (X tons), Egypt (X tons) and the UK (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Brazil (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest dry bean markets worldwide were Myanmar ($X), China ($X) and the U.S. ($X), together comprising X% of total exports. These countries were followed by Argentina, Canada, Egypt, Ethiopia, Brazil, the UK and the Philippines, which together accounted for a further X%.

Among the main exporting countries , Egypt (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Dry Bean Export Prices by Country in the Philippines

The dry bean export price in the Philippines stood at $X per ton in 2017, declining by -X% against the previous year. Overall, dry bean export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2008, an increase of X% year-to-year. Over the period under review, the export prices for beans (dry) reached its maximum level of $X per ton in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was China ($X per ton), while the UK ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year), while the other leaders experienced more modest paces of growth.

Dry Bean Imports in the Philippines

In 2017, approx. X tons of beans (dry) were imported into the Philippines; jumping by X% against the previous year. In general, the total imports indicated a prominent growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017, when imports increased by X% against the previous year. In that year, the dry bean imports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, dry bean imports totaled $X in 2017. In general, the total imports indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The Philippines imports peaked in 2017, and are likely to continue its growth in the immediate term.

Dry Bean Imports by Country in the Philippines

In 2017, India (X tons), followed by China (X tons), Mexico (X tons) and Pakistan (X tons) were the major importers of beans (dry), together comprising X% of total imports. Angola (X tons), Brazil (X tons), the U.S. (X tons), Vietnam (X tons), the Philippines (X tons), the UK (X tons), Kenya (X tons) and Italy (X tons) held the slight share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Vietnam (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported beans (dry) into the Philippines, making up X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Mexico, with a X% share.

From 2007 to 2017, the average annual growth rate of value in India amounted to +X%. In the other countries, the average annual rates were as follows: China (+X% per year) and Mexico (+X% per year).

Dry Bean Import Prices by Country in the Philippines

In 2017, the dry bean import price in the Philippines amounted to $X per ton, lowering by -X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008, when the import prices increased by X% y-o-y. Over the period under review, the import prices for beans (dry) reached its maximum level of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was the U.S. ($X per ton), while Kenya ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Vietnam (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform