Beans market in the Philippines

Earlier Report Observations

The market for fresh or chilled beans in the Philippines gradually contracted from 128 thousand tons in 2018 to 121 thousand tons in 2023. The decline was most noticeable between 2018 and 2020, after which volumes stabilized near 122-123 thousand tons.

During this period, specific bean segments experienced targeted developments. In 2022, a new mungbean processing facility was certified, enabling the commercialization of instant munggo products and noodles, which supported local production. The same year, the spread of African Swine Fever created supply deficits in related agricultural markets, potentially influencing demand patterns.

By 2023, a growing domestic coffee culture and the expansion of international coffee chains stimulated regional production of green coffee beans. However, these positive drivers in niche segments were insufficient to reverse the broader, gradual contraction of the overall bean market.

Production beans in the Philippines

In kind, 2017-2020, K t

Globally, the Philippines ranked as the 14th largest producer of beans during the 2017-2020 period.

Top producers of beans, 2017-2020

World map of production of beans, 2017-2020

Bean production in the Philippines has declined for three consecutive years. In 2020, the country produced 122.9 thousand tons of beans, marking a 2.7% decrease from the previous year. Over the 2017-2020 period, production fell by 6.1%, with a compound annual growth rate of -2.1%.

Annual dynamics of production in the Philippines in kind, 2017-2020, K t

Exports beans from the Philippines

Exports in kind, kg

The market displayed significant volatility during the observed period. Export volumes reached their lowest point in 2018 at 55 kg, then surged to a peak of 1 182 kg in 2019, representing a 21-fold increase. In 2020, bean shipments from the Philippines totaled 765 kg, a 35.3% decline from 2019. The largest decrease occurred in 2018 at 63.8%, while the most substantial increase was recorded in 2019 at 2 049.9%.

Annual dynamics of product's exports from the Philippines in kind, 2017-2020, kg

From 2017 to 2020, Australia (28.2% of export volume), Saudi Arabia (20.6%), and the United States (14.3%) formed the core export markets, collectively accounting for 63.1% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from the Philippines in kind, 2017-2020

Exports in value, $ US

Market behavior showed considerable volatility during these years. Export values dropped to their lowest point in 2018 at 332 US dollars, then rose to a peak of 2 631 US dollars in 2019, representing a 7.9-fold difference. In 2020, bean exports from the Philippines amounted to 1 858 US dollars, a sharp 29.4% decrease from the previous year. The largest decline was recorded in 2018 at 62.6%, while the most significant increase occurred in 2019 at 692.5%.

Annual dynamics of product's exports from the Philippines in value, 2017-2020, $ US

Throughout 2017-2020, Australia (23.7% of export value), South Korea (18.9%), and Saudi Arabia (17.4%) constituted the primary export markets by value, together representing 60.0% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from the Philippines in value, 2017-2020

Imports beans to the Philippines

Imports in kind, kg

The market followed an unstable trend throughout the timeframe. Import volumes reached their lowest point in 2017, then climbed to a maximum of 18 620 kg in 2018, showing a 37-fold difference. In 2020, bean imports into the Philippines totaled 2 282 kg, an 83.5% decrease from 2019. The largest increase was recorded in 2018 at 3 628.4%.

Annual dynamics of product's imports to the Philippines in kind, 2017-2020, kg

During 2017-2020, Asia, not elsewhere specified (59.8% of import volume), Hong Kong (19.9%), and Thailand (13.2%) were the principal sources of bean imports, jointly accounting for 92.9% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to the Philippines in kind, 2017-2020

Imports in value, $ US

Noticeable fluctuations characterized market performance during this period. Import values reached their lowest point in 2017, then peaked at 34 071 US dollars in 2019, representing a 53-fold difference. In 2020, the Philippines imported 6 451 US dollars worth of beans, an 81.1% decrease from the previous year. The largest increase was recorded in 2018 at 1 296.9%.

Annual dynamics of product's imports to the Philippines in value, 2017-2020, $ US

Over the 2017-2020 period, Asia, not elsewhere specified (55.6% of import value), Thailand (22.8%), and Hong Kong (12.6%) were the main suppliers of beans to the Philippines, together comprising 91.1% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to the Philippines in value, 2017-2020