Report Update Jan 1, 2025

Philippines - Sunflower Oilcake - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Sunflower Oilcake Market 2025

Sunflower Oilcake Market Size in the Philippines

The Philippine sunflower oilcake market expanded notably to $X in 2021, growing by 5.6% against the previous year. In general, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.4% against 2019 indices. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Sunflower Oilcake Production in the Philippines

In value terms, sunflower oilcake production rose rapidly to $X in 2021 estimated in export price. Overall, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.5% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 81% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Sunflower Oilcake Exports

Exports from the Philippines

In 2020, approx. X kg of sunflower oilcake were exported from the Philippines; approximately reflecting 2019. Overall, exports saw a significant increase. The smallest decline of 99.9% was in 2016. The exports peaked in 2020 and are likely to continue growth in years to come.

In value terms, sunflower oilcake exports stood at $X in 2020. Over the period under review, exports enjoyed significant growth. The smallest decline of 99.9% was in 2016. The exports peaked in 2020 and are likely to continue growth in the near future.

Exports by Country

Kiribati (X kg) was the main destination for sunflower oilcake exports from the Philippines, with a approx. 100% share of total exports.

From 2015 to 2020, the average annual growth rate of volume to Kiribati was relatively modest.

From 2015 to 2020, the average annual growth rate of value to Kiribati was relatively modest.

Export Prices by Country

The average sunflower oilcake export price stood at $X per ton in 2020, almost unchanged from the previous year. In general, the export price showed a pronounced downturn. The most prominent rate of growth was recorded in 2016 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2020, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Kiribati.

From 2015 to 2020, the rate of growth in terms of prices for Kiribati amounted to 0.0% per year.

Sunflower Oilcake Imports

Imports into the Philippines

In 2021, supplies from abroad of sunflower oilcake decreased by -83.6% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a perceptible descent. The pace of growth was the most pronounced in 2016 with an increase of 313%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, sunflower oilcake imports fell rapidly to $X in 2021. Overall, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2016 with an increase of 184% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then reduced dramatically in the following year.

Imports by Country

In 2021, Ukraine (X tons) was the main sunflower oilcake supplier to the Philippines, accounting for a 94% share of total imports. Moreover, sunflower oilcake imports from Ukraine exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ukraine amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-12.3% per year) and India (-32.4% per year).

In value terms, Ukraine ($X) constituted the largest supplier of sunflower oilcake to the Philippines, comprising 93% of total imports. The second position in the ranking was held by the United States ($X), with a 4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Ukraine totaled +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-12.8% per year) and India (-32.4% per year).

Import Prices by Country

In 2021, the average sunflower oilcake import price amounted to $X per ton, surging by 38% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 61%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+7.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sunflower oilcake in the world?

China constituted the country with the largest volume of sunflower oilcake consumption, accounting for 19% of total volume. Moreover, sunflower oilcake consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 5.6% share.

What are the largest producers of sunflower oilcake in the world?

China remains the largest sunflower oilcake producing country worldwide, comprising approx. 17% of total volume. Moreover, sunflower oilcake production in China exceeded the figures recorded by the second-largest producer, India, twofold. Ukraine ranked third in terms of total production with a 6.5% share.

What are the leading suppliers of sunflower oilcake to the Philippines?

In value terms, Ukraine constituted the largest supplier of sunflower oilcake to the Philippines, comprising 94% of total imports. The second position in the ranking was occupied by India, with a 4.6% share of total imports.

What is the average export price for sunflower oilcake in the Philippines?

In 2020, the average sunflower oilcake export price amounted to $304 per ton, remaining constant against the previous year.

What is the average import price for sunflower oilcake in the Philippines?

In 2020, the average sunflower oilcake import price amounted to $378 per ton, picking up by 85% against the previous year.

This report provides an in-depth analysis of the sunflower oilcake 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 10414150 - Oilcake and other solid residues resulting from the extraction of sunflower seed fats or oils

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024