Philippines: Milled Rice Market 2020

Milled Rice Exports

Exports from the Philippines

In 2018, the amount of semi-milled or wholly milled (bleached) rice exported from the Philippines totaled X tons, coming down by -X% against the previous year. Overall, milled rice exports continue to indicate a drastic descent. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Exports peaked at X tons in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

In value terms, milled rice exports totaled $X in 2018. Overall, milled rice exports continue to indicate a drastic contraction. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, milled rice exports reached their peak figure at $X in 2008; however, from 2009 to 2018, exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for milled rice exports from the Philippines, with a X% share of total exports. Moreover, milled rice exports to Vietnam exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sixfold. The third position in this ranking was occupied by Canada (X tons), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Vietnam totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Canada (+X% per year).

In value terms, Vietnam ($X) remains the key foreign market for milled rice exports from the Philippines, comprising X% of total milled rice exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Vietnam totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Canada (+X% per year).

Export Prices by Country

In 2018, the average milled rice export price amounted to $X per ton, declining by -X% against the previous year. Overall, the export price indicated a temperate expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, milled rice export price decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. Over the period under review, the average export prices for semi-milled or wholly milled (bleached) rice attained their peak figure at $X per ton in 2012; however, from 2013 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the U.S. ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced more modest paces of growth.

Milled Rice Imports

Imports into the Philippines

In 2018, the imports of semi-milled or wholly milled (bleached) rice into the Philippines totaled X tons, surging by X% against the previous year. Over the period under review, milled rice imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, milled rice imports reached their peak figure at X tons in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

In value terms, milled rice imports stood at $X in 2018. Over the period under review, milled rice imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. In that year, milled rice imports reached their peak of $X. From 2009 to 2018, the growth of milled rice imports remained at a lower figure.

Imports by Country

In 2018, Vietnam (X tons) constituted the largest supplier of milled rice to the Philippines, accounting for a X% share of total imports. Moreover, milled rice imports from Vietnam exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was occupied by Pakistan (X tons), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Vietnam totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Pakistan (+X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of milled rice to the Philippines, comprising X% of total milled rice imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Vietnam stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Pakistan (+X% per year).

Import Prices by Country

In 2018, the average milled rice import price amounted to $X per ton, growing by X% against the previous year. In general, the milled rice import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. In that year, the average import prices for semi-milled or wholly milled (bleached) rice attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average import prices for semi-milled or wholly milled (bleached) rice remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the highest prices were recorded for prices from China ($X per ton) and Vietnam ($X per ton), while the price for Myanmar ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Vietnam, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform