Bran, sharps and residues from cereal or legume processing market in the Philippines

Earlier Report Observations

The market for bran, sharps and residues from cereal or legume processing in the Philippines expanded significantly from 2018 to 2023, with volume rising from 2 997 thousand tons to 3 541 thousand tons. This growth was not linear, however, as the market peaked at 3 582 thousand tons in 2020 before experiencing a correction.

After the 2020 high, market volume contracted by 7.4% in 2021 to 3 316 thousand tons, likely reflecting adjustments in supply or demand. The market then stabilized and resumed a moderate upward path, reaching 3 436 thousand tons in 2022 and 3 541 thousand tons in 2023.

The post-2021 recovery indicates a resilient market foundation, with volumes in 2022 and 2023 consistently above the pre-2020 level, suggesting sustained underlying demand for these processing residues.

Production bran, sharps and residues from cereal or legume processing in the Philippines

In kind, 2017-2020, K t

From 2017 to 2020, the Philippines was one of the world's leading producers of bran, sharps, and residues from cereal or legume processing, ranking 12th globally by production volume.

Top producers of bran, sharps and residues from cereal or legume processing, 2017-2020

World map of production of bran, sharps and residues from cereal or legume processing, 2017-2020

Production of bran, sharps, and residues from cereal or legume processing in the Philippines grew for the third consecutive year. In 2020, the country produced 3,454 thousand tons, marking a 13.8% increase compared to the previous year. Over the 2017-2020 period, production rose by 21.4%, with a compound annual growth rate of 6.7%.

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

Exports bran, sharps and residues from cereal or legume processing from the Philippines

Exports in kind, K t

Export volumes showed irregular changes, indicating a volatile market environment. The lowest exports were recorded in 2017, while the highest occurred in 2020, with a 15-fold difference between these years. In 2020, the Philippines exported 0.8 thousand tons of bran, sharps, and residues from cereal or legume processing, a sharp increase of 1,313.8% compared to the previous year. The largest decline was in 2019, at 62.5%.

Annual dynamics of product's exports from the Philippines in kind, 2017-2020, K t

From 2017 to 2020, exports in kind of bran, sharps, and residues from cereal or legume processing from the Philippines were heavily concentrated on Vietnam, which accounted for 75.4% of total flows, with other countries making up the remaining share.

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, K $ US

The market exhibited an unstable trend throughout the period. The lowest export value was in 2017, and the highest was in 2020, with a 12.7-fold variation between these years. In 2020, the Philippines exported $156 thousand worth of bran, sharps, and residues from cereal or legume processing, a sharp gain of 387.4% compared to 2019. The largest decline was recorded in 2019, at 12.7%.

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

From 2017 to 2020, Vietnam and Japan together accounted for 91.5% of total exports in value terms, with other countries forming a diversified but less significant portion.

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 bran, sharps and residues from cereal or legume processing to the Philippines

Imports in kind, K t

Import volumes experienced noticeable fluctuations during the period. The lowest imports were in 2017, and the highest in 2019, with a 17-fold gap between these years. In 2020, foreign supplies of bran, sharps, and residues from cereal or legume processing to the Philippines reached 129.4 thousand tons, indicating a drop of 17.1% compared to 2019. The maximum value was recorded in 2019 at 156.2 thousand tons, while the largest increase occurred in 2018, at 473.4%.

Annual dynamics of product's imports to the Philippines in kind, 2017-2020, K t

From 2017 to 2020, Indonesia played a leading role in imports in kind of bran, sharps, and residues from cereal or legume processing to the Philippines, with a share of 85.2% of total flows, and the remainder distributed across other partners.

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, K $ US

Import values showed noticeable fluctuations during the period. The lowest imports were in 2017, and the highest in 2019, reflecting a 16-fold gap. In 2020, shipments of bran, sharps, and residues from cereal or legume processing to the Philippines from abroad stood at $31,122 thousand, which is 18.2% less compared to the previous year. The maximum value was recorded in 2019 at $38,053 thousand, and the largest increase was in 2018, at 383.8%.

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

Throughout 2017 to 2020, Indonesia clearly dominated imports in value terms of bran, sharps, and residues from cereal or legume processing to the Philippines, taking 80.2% of total flows, while other countries each held significantly smaller shares.

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

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