Philippines: Market for Ground-Nut Oil And Its Fractions 2019

Exports of Ground-Nut Oil And Its Fractions in the Philippines

Exports of ground-nut oil and its fractions from the Philippines totaled X tons in 2017, shrinking by -X% against the previous year. Overall, exports of ground-nut oil and its fractions continue to indicate a deep reduction. The pace of growth was the most pronounced in 2014, with an increase of X% year-to-year. The Philippines exports peaked of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, exports of ground-nut oil and its fractions amounted to $X in 2017. In general, exports of ground-nut oil and its fractions continue to indicate a drastic shrinkage. Over the period under review, the exports of ground-nut oil and its fractions reached its peak figure level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Exports of Ground-Nut Oil And Its Fractions by Country in the Philippines

Argentina represented the major exporting country with an export of about X tons, which accounted for X% of total exports. Brazil (X tons) held the second position in the ranking, followed by China (X tons), Nicaragua (X tons), Senegal (X tons) and Belgium (X tons). All these countries together occupied near X% share of total exports. India (X tons) and France (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to ground-nut oil and its fractions exports from Argentina stood at +X%. At the same time, Brazil (+X%), Nicaragua (+X%) and China (+X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. By contrast, India (-X%), Belgium (-X%), France (-X%) and Senegal (-X%) illustrated a downward trend over the same period. While the share of Senegal (X%), Belgium (X%) and France (X%) increased significantly in terms of the global exports from 2007-2017, the share of Nicaragua (-X%), China (-X%), Brazil (-X%) and Argentina (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ground-nut oil and its fractions markets worldwide were Argentina ($X), Brazil ($X) and Senegal ($X), together comprising X% of total exports.

In terms of the main exporting countries , Brazil (+X% per year) recorded the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Export Prices for Ground-Nut Oil And Its Fractions by Country in the Philippines

In 2017, the export price for ground-nut oil and its fractions in the Philippines amounted to $X per ton, waning by -X% against the previous year. Overall, export price for ground-nut oil and its fractions continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2014, an increase of X% year-to-year. Over the period under review, the export prices for ground-nut oil and its fractions attained its peak figure level of $X per ton in 2007; however, from 2008 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Brazil ($X per ton), while China ($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 Brazil (+X% per year), while the other leaders experienced more modest paces of growth.

Imports of Ground-Nut Oil And Its Fractions in the Philippines

In 2017, imports of ground-nut oil and its fractions into the Philippines stood at X tons, picking up by X% against the previous year. In general, imports of ground-nut oil and its fractions continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2008, with an increase of X% y-o-y. In that year, the imports of ground-nut oil and its fractions reached their peak volume of X tons. From 2009 to 2017, growth of the imports of ground-nut oil and its fractions stood at a somewhat lower level.

In value terms, imports of ground-nut oil and its fractions amounted to $X in 2017. Overall, imports of ground-nut oil and its fractions continue to indicate a temperate growth. In that year, the imports of ground-nut oil and its fractions attained their peak level of $X. From 2009 to 2017, growth of the imports of ground-nut oil and its fractions stood at a somewhat lower level.

Imports of Ground-Nut Oil And Its Fractions by Country in the Philippines

China was the main importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by Italy (X tons), the U.S. (X tons), the Netherlands (X tons) and France (X tons), together committing X% share of total imports. China, Hong Kong SAR (X tons), Switzerland (X tons) and Belgium (X tons) followed a long way behind the leaders.

China was also the fastest growing in terms of the ground-nut oil and its fractions imports, with a CAGR of +X% from 2007 to 2017. At the same time, the Netherlands (+X%), the U.S. (+X%), Switzerland (+X%) and Italy (+X%) displayed positive paces of growth. By contrast, China, Hong Kong SAR (-X%), France (-X%) and Belgium (-X%) illustrated a downward trend over the same period. France (X%) and Belgium (X%) significantly strengthened its position in terms of the global imports, while Italy, the U.S., the Netherlands and China saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported ground-nut oil and its fractions into the Philippines, making up X% of global imports. The second position in the ranking was occupied by Italy ($X), with a X% share of global imports. It was followed by the U.S., with a X% share.

In China, imports of ground-nut oil and its fractions increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+X% per year) and the U.S. (+X% per year).

Import Prices for Ground-Nut Oil And Its Fractions by Country in the Philippines

The import price for ground-nut oil and its fractions in the Philippines stood at $X per ton in 2017, shrinking by -X% against the previous year. Overall, import price for ground-nut oil and its fractions continues to indicate a mild drop. The growth pace was the most rapid in 2008, when it surged by X% against the previous year. Over the period under review, the import prices for ground-nut oil and its fractions reached its peak figure level of $X per ton in 2010; however, from 2011 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 China, Hong Kong SAR ($X per ton), while Switzerland ($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 China, Hong Kong SAR (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform