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Philippines - Cassava - Market Analysis, Forecast, Size, Trends and Insights
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Cassava Market Size in the Philippines
After two years of growth, the Philippine cassava market decreased by -X% to $X in 2021. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped in the following year.
Cassava Production in the Philippines
In value terms, cassava production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Cassava production peaked at $X in 2020, and then reduced in the following year.
The average yield of cassava in the Philippines totaled X tons per ha in 2021, therefore, remained relatively stable against 2020. The yield figure increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the yield increased by X% against the previous year. The cassava yield peaked at X tons per ha in 2015; however, from 2016 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2021, the cassava harvested area in the Philippines totaled X ha, almost unchanged from the year before. Over the period under review, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the harvested area increased by X% against the previous year. The cassava harvested area peaked at X ha in 2017; however, from 2018 to 2021, the harvested area stood at a somewhat lower figure.
Cassava Exports
Exports from the Philippines
In 2021, approx. X tons of cassava were exported from the Philippines; growing by X% on the year before. Overall, exports showed resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.
In value terms, cassava exports skyrocketed to $X in 2021. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.
Exports by Country
The United States (X tons) was the main destination for cassava exports from the Philippines, accounting for a X% share of total exports. Moreover, cassava exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), threefold. Australia (X tons) ranked third in terms of total exports with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Australia (+X% per year).
In value terms, the United States ($X) remains the key foreign market for cassava exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.
From 2012 to 2021, the average annual growth rate of value to the United States stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Singapore (+X% per year).
Export Prices by Country
The average cassava export price stood at $X per ton in 2021, waning by -X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2020, and then fell in the following year.
Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+X%), while the prices for the other major destinations experienced more modest paces of growth.
Cassava Imports
Imports into the Philippines
In 2021, overseas purchases of cassava increased by X% to X tons, rising for the sixth consecutive year after two years of decline. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.
In value terms, cassava imports fell slightly to $X in 2021. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.
Imports by Country
In 2021, Brazil (X tons) was the main supplier of cassava to the Philippines, accounting for a approx. X% share of total imports.
From 2012 to 2021, the average annual growth rate of volume from Brazil amounted to +X%.
In value terms, Brazil ($X) constituted the largest supplier of cassava to the Philippines.
From 2012 to 2021, the average annual growth rate of value from Brazil amounted to +X%.
Import Prices by Country
In 2021, the average cassava import price amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the import price recorded a mild curtailment. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to +X% per year.
Source: IndexBox Market Intelligence Platform
| Base Year | Historical Period | Forecast Period | Units |
|---|---|---|---|
| 2021 | 2007-2021 | 2022-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
What are the largest markets for cassava in the world?
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The countries with the highest volumes of in 2021 were Nigeria, Democratic Republic of the Congo and Thailand, together accounting for 42% of global consumption. These countries were followed by Ghana, Brazil, Indonesia, China, Vietnam, Angola, Tanzania, Cambodia, Cote d'Ivoire and Malawi, which together accounted for a further 37%.
What are the largest producers of cassava in the world?
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The countries with the highest volumes of in 2021 were Nigeria, Democratic Republic of the Congo and Thailand, together comprising 43% of global production. Ghana, Brazil, Indonesia, Vietnam, Angola, Tanzania, Cambodia, Cote d'Ivoire, Malawi and Mozambique lagged somewhat behind, together comprising a further 36%.
What are the leading suppliers of cassava to the Philippines?
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In value terms, Brazil constituted the largest supplier of cassava to the Philippines.
What are the leading importers of cassava from the Philippines?
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In value terms, the United States remains the key foreign market for cassava exports from the Philippines, comprising 52% of total exports. The second position in the ranking was held by Canada, with a 20% share of total exports. It was followed by Singapore, with a 7.8% share.
What is the average export price for cassava in the Philippines?
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In 2021, the average cassava export price amounted to $1,215 per ton, waning by -5.9% against the previous year.
What is the average import price for cassava in the Philippines?
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In 2021, the average cassava import price amounted to $489 per ton, dropping by -4.8% against the previous year.
This report provides an in-depth analysis of the cassava 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:
• FCL 125 - Cassava
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
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
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
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
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
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
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
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
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2021
Figure 22:
Production, In Value Terms, 2012–2021
Figure 23:
Area Harvested, 2012–2021
Figure 24:
Yield, 2012–2021
Figure 25:
Imports, In Physical Terms, 2012–2021
Figure 26:
Imports, In Value Terms, 2012–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2012–2021
Figure 29:
Imports, In Value Terms, By Country, 2012–2021
Figure 30:
Import Prices, By Country Of Origin, 2012–2021
Figure 31:
Exports, In Physical Terms, 2012–2021
Figure 32:
Exports, In Value Terms, 2012–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2012–2021
Figure 35:
Exports, In Value Terms, By Country, 2012–2021
Figure 36:
Export Prices, By Country Of Destination, 2012–2021
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