Report Update Nov 1, 2024

Philippines - Maize Bran - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Maize Bran Market 2024

Maize Bran Market Size in the Philippines

The Philippine maize bran market totaled $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Maize Bran Production in the Philippines

In value terms, maize bran production rose to $X in 2022 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Maize Bran Exports

Exports from the Philippines

In 2019, the amount of maize bran exported from the Philippines totaled X kg, approximately reflecting the year before. Over the period under review, exports continue to indicate a dramatic curtailment. The smallest decline of X% was in 2014. The exports peaked at X tons in 2013; however, from 2014 to 2019, the exports failed to regain momentum.

In value terms, maize bran exports stood at $X in 2019. In general, exports faced a precipitous shrinkage. The smallest decline of X% was in 2014. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2019, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X kg) was the main destination for maize bran exports from the Philippines, with a X% share of total exports. Moreover, maize bran exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Micronesia (X kg), sevenfold.

From 2013 to 2019, the average annual rate of growth in terms of volume to Taiwan (Chinese) amounted to X%.

From 2013 to 2019, the average annual rate of growth in terms of value to Taiwan (Chinese) amounted to X%.

Export Prices by Country

In 2019, the average maize bran export price amounted to $X per ton, leveling off at the previous year. Overall, the export price showed a significant increase. The pace of growth was the most pronounced in 2014 a decrease of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2019 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2019, amid the top suppliers, the country with the highest price was Micronesia ($X per ton), while the average price for exports to Taiwan (Chinese) stood at $X per ton.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%).

Maize Bran Imports

Imports into the Philippines

In 2022, overseas purchases of maize bran decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, imports showed a sharp contraction. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, maize bran imports contracted markedly to $X in 2022. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) was the main maize bran supplier to the Philippines, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%.

In value terms, the United States ($X) constituted the largest supplier of maize bran to the Philippines.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%.

Import Prices by Country

The average maize bran import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price showed a resilient increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for maize bran in the world?

China constituted the country with the largest volume of maize bran consumption, comprising approx. 17% of total volume. Moreover, maize bran consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.2% share.

What are the largest producers of maize bran in the world?

China remains the largest maize bran producing country worldwide, comprising approx. 17% of total volume. Moreover, maize bran production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by India, with a 5.9% share.

What are the leading suppliers of maize bran to the Philippines?

In value terms, the United States constituted the largest supplier of maize bran to the Philippines, comprising 74% of total imports. The second position in the ranking was occupied by China, with a 20% share of total imports.

What are the leading importers of maize bran from the Philippines?

In value terms, Taiwan Chinese) remains the key foreign market for maize bran exports from the Philippines.

What is the average export price for maize bran in the Philippines?

The average maize bran export price stood at $666 per ton in 2021, remaining constant against the previous year.

What is the average import price for maize bran in the Philippines?

In 2021, the average maize bran import price amounted to $741 per ton, surging by 48% against the previous year.

This report provides an in-depth analysis of the maize bran 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 10614010 - Bran, sharps and other residues from the sifting, milling or other working of maize (corn)

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
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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