Report Update Nov 1, 2024

Philippines - Dryers for the Treatment of Agricultural Products - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in the Philippines

After two years of decline, the Philippine agricultural product dryer market increased by 15% to $X in 2021. Overall, consumption recorded a significant expansion. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Agricultural Product Dryer Exports

Exports from the Philippines

In 2021, overseas shipments of dryers for the treatment of agricultural products were finally on the rise to reach X units after three years of decline. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 788%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, agricultural product dryer exports shrank dramatically to $X in 2021. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 1,600%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for agricultural product dryer exports from the Philippines, with a 66% share of total exports. Moreover, agricultural product dryer exports to Germany exceeded the volume sent to the second major destination, India (X units), twofold.

From 2013 to 2021, the average annual growth rate of volume to Germany amounted to +2,466.7%.

In value terms, Germany ($X) emerged as the key foreign market for dryers for the treatment of agricultural products exports from the Philippines, comprising 58% of total exports. The second position in the ranking was taken by India ($X), with a 25% share of total exports.

From 2013 to 2021, the average annual growth rate of value to Germany stood at +2,692.0%.

Export Prices by Country

The average agricultural product dryer export price stood at $X per unit in 2021, with a decrease of -92.6% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the average export price increased by 987% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to India stood at $X per unit.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+117.2%), while the prices for the other major destinations experienced mixed trend patterns.

Agricultural Product Dryer Imports

Imports into the Philippines

Agricultural product dryer imports into the Philippines was estimated at X units in 2021, with an increase of 8.4% against the year before. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 206%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, agricultural product dryer imports surged to $X in 2021. Over the period under review, imports showed strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 136%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest supplier of agricultural product dryer to the Philippines, with a 76% share of total imports. Moreover, agricultural product dryer imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. South Korea (X units) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) amounted to +61.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.3% per year) and South Korea (+29.1% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of dryers for the treatment of agricultural products to the Philippines, comprising 40% of total imports. The second position in the ranking was held by South Korea ($X), with a 14% share of total imports. It was followed by China, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) totaled +29.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+24.0% per year) and China (-7.3% per year).

Import Prices by Country

The average agricultural product dryer import price stood at $X per unit in 2021, growing by 42% against the previous year. In general, the import price, however, recorded a abrupt descent. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for dryers for the treatment of agricultural products in the world?

South Africa constituted the country with the largest volume of agricultural product dryer consumption, comprising approx. 39% of total volume. Moreover, agricultural product dryer consumption in South Africa exceeded the figures recorded by the second-largest consumer, China, threefold. The United States ranked third in terms of total consumption with an 8% share.

What are the largest producers of dryers for the treatment of agricultural products in the world?

The country with the largest volume of agricultural product dryer production was China, accounting for 31% of total volume. Moreover, agricultural product dryer production in China exceeded the figures recorded by the second-largest producer, India, threefold. Brazil ranked third in terms of total production with a 4.7% share.

What are the leading suppliers of dryers for the treatment of agricultural products to the Philippines?

In value terms, Taiwan Chinese) constituted the largest supplier of agricultural product dryer to the Philippines, comprising 38% of total imports. The second position in the ranking was occupied by India, with a 16% share of total imports. It was followed by South Korea, with a 13% share.

What are the leading importers of dryers for the treatment of agricultural products from the Philippines?

In value terms, Germany, Myanmar and Kenya constituted the largest markets for agricultural product dryer exported from the Philippines worldwide, together accounting for 73% of total exports.

What is the average export price for dryers for the treatment of agricultural products in the Philippines?

In 2021, the average agricultural product dryer export price amounted to $1,462 per unit, with a decrease of -93.5% against the previous year.

What is the average import price for dryers for the treatment of agricultural products in the Philippines?

The average agricultural product dryer import price stood at $2,606 per unit in 2021, which is down by -5.4% against the previous year.

This report provides an in-depth analysis of the agricultural product dryer 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 28931600 - Dryers for the treatment of agricultural products by a process involving a change in temperature

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
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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
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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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023