Philippines: Other Cereals Market 2025

Other Cereals Market Size in the Philippines

The Philippine other cereals market soared to $X in 2021, growing by 18% against the previous year. Over the period under review, consumption continues to indicate a significant expansion. Other cereals consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Other Cereals Production in the Philippines

In value terms, other cereals production contracted slightly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 43%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Other Cereals Exports

Exports from the Philippines

In 2021, approx. X kg of other cerealses were exported from the Philippines; waning by -70.2% on 2020 figures. In general, exports faced a abrupt contraction. The growth pace was the most rapid in 2014 with an increase of 144% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, other cereals exports declined markedly to $X in 2021. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 296% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X kg) was the main destination for other cereals exports from the Philippines, accounting for a 92% share of total exports. It was followed by Canada (X kg), with a 2.3% share of total exports. The third position in this ranking was held by Singapore (X kg), with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume to Denmark was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+22.0% per year) and Singapore (+115.4% per year).

In value terms, Denmark ($X) emerged as the key foreign market for other cereals exports from the Philippines, comprising 83% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total exports. It was followed by Canada, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value to Denmark was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-17.1% per year) and Canada (+39.2% per year).

Export Prices by Country

The average other cereals export price stood at $X per ton in 2021, rising by 32% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 100% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+15.8%), while the prices for the other major destinations experienced mixed trend patterns.

Other Cereals Imports

Imports into the Philippines

Other cereals imports into the Philippines stood at X tons in 2021, increasing by 14% on 2020 figures. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 334%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, other cereals imports soared to $X in 2021. In general, imports posted a significant expansion. The growth pace was the most rapid in 2017 when imports increased by 458% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest other cereals supplier to the Philippines, accounting for a 43% share of total imports. Moreover, other cereals imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+46.7% per year) and the United States (+27.1% per year).

In value terms, Australia ($X), China ($X) and Peru ($X) were the largest other cereals suppliers to the Philippines, with a combined 51% share of total imports. Canada, the United States, Singapore, India and South Korea lagged somewhat behind, together comprising a further 20%.

Canada, with a CAGR of +247.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average other cereals import price amounted to $X per ton, increasing by 4.3% against the previous year. Over the period under review, the import price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 an increase of 42%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+46.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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