Philippines: Prepared Drier Market 2025

Prepared Drier Market Size in the Philippines

The Philippine prepared drier market fell dramatically to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated modest 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, consumption increased by X% against 2020 indices. Prepared drier consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Prepared Drier Exports

Exports from the Philippines

In 2018, after two years of decline, there was decline in overseas shipments of prepared driers, when their volume decreased by X% to X kg. Over the period under review, exports showed a abrupt decrease. The smallest decline of X% was in 2016. The exports peaked at X kg in 2013; however, from 2014 to 2018, the exports failed to regain momentum.

In value terms, prepared drier exports totaled $X in 2018. In general, exports continue to indicate a strong increase. The smallest decline of X% was in 2016. Over the period under review, the exports reached the maximum in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

Taiwan (Chinese) (X kg) was the main destination for prepared drier exports from the Philippines, accounting for a X% share of total exports. It was followed by China (X kg), with a X% share of total exports.

From 2013 to 2018, the average annual growth rate of volume to Taiwan (Chinese) was relatively modest.

From 2013 to 2018, the average annual growth rate of value to Taiwan (Chinese) was relatively modest.

Export Prices by Country

The average prepared drier export price stood at $X per ton in 2018, leveling off at the previous year. Over the period under review, the export price saw a buoyant expansion. The pace of growth was the most pronounced in 2016 when the average export price decreased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2018, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Taiwan (Chinese) stood at $X per ton.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to China (X%).

Prepared Drier Imports

Imports into the Philippines

In 2022, approx. X tons of prepared driers were imported into the Philippines; which is down by X% compared with 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, prepared drier imports declined notably to $X in 2022. Over the period under review, total imports indicated a temperate expansion 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest prepared drier supplier to the Philippines, accounting for a X% share of total imports. Moreover, prepared drier imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Thailand (X% per year).

In value terms, the United Arab Emirates ($X), Thailand ($X) and India ($X) were the largest prepared drier suppliers to the Philippines, with a combined X% share of total imports. China, Brazil and South Korea lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average prepared drier import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price 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, prepared drier import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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