Palm-kernel oilcake market in the Philippines

Earlier Report Observations

The Philippine palm-kernel oilcake market showed significant fluctuations between 2018 and 2023, with volume peaking at 38 517 t in 2019 before contracting to 16 777 t in 2021 and then recovering to 34 078 t by 2023.

Domestic production of palm-kernel oilcake began to rise steadily from 2021, reaching 16 778 t in 2023. This increase coincided with the expansion of palm oil fruit cultivation and processing in the Philippines, supported by the Philippine Coconut Authority's research on high-yielding palm varieties and training programs for farm and mill workers.

The market rebound after 2021 was driven by higher imports and sustained production growth, aligning with increased palm oil demand from the government's biodiesel mandates and the expanding processed food and fast-food sectors, which boosted consumption of palm-derived products including oilcake.

Production palm-kernel oilcake in the Philippines

In kind, 2017-2020, t

From 2017 to 2020, the Philippines ranked 19th globally in palm-kernel oilcake production.

Top producers of palm-kernel oilcake, 2017-2020

World map of production of palm-kernel oilcake, 2017-2020

In 2020, the Philippines produced 14 667 tons of palm-kernel oilcake, showing minimal change from 2019. Over the 2017-2020 period, production grew by 5.6%, with an average annual growth rate of 1.8%. The highest production level was recorded in 2018 at 14 667 tons, while 2019 saw the largest decline at 0.0%. The most significant increase occurred in 2018, with a 5.6% rise.

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

Exports palm-kernel oilcake from the Philippines

Exports in kind, t

In 2019, the Philippines exported 841 tons of palm-kernel oilcake, representing a sharp decline of 18.1% compared to the previous year.

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

Between 2017 and 2020, Vietnam was the primary destination for palm-kernel oilcake exports from the Philippines, accounting for 92.4% of total export volume.

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

In 2019, palm-kernel oilcake exports from the Philippines totaled 93 thousand US dollars, marking a significant decrease of 25.9% from 2018.

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

From 2017 to 2020, Vietnam remained the leading export market in value terms, capturing 86.7% of total export value, while the remaining share was distributed among various smaller markets.

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 palm-kernel oilcake to the Philippines

Imports in kind, t

Import volumes showed notable fluctuations during this period. In 2019, imports peaked at 24 691 tons, then dropped to 12 750 tons in 2020—a sharp decline of 48.4% year-over-year. The lowest import level was recorded in 2018 at 9 867 tons. The most substantial increase occurred in 2019, with a 150.2% rise from the previous year, creating a 2.5-fold difference between the peak in 2019 and the trough in 2018.

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

From 2017 to 2020, Malaysia and Indonesia together dominated palm-kernel oilcake imports into the Philippines, representing 99.2% of total import volume, with other countries contributing a diverse but minor share.

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 exhibited volatility over the observed period. In 2019, imports reached a high of 3 082 thousand US dollars, then fell to 1 842 thousand US dollars in 2020—a 40.2% decrease from the previous year. The lowest value was recorded in 2018 at 1 442 thousand US dollars. The largest increase occurred in 2019, with a 113.7% jump, resulting in a 2.1-fold variation between the 2019 peak and the 2018 low.

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

Between 2017 and 2020, Malaysia and Indonesia were the dominant sources for imports in value terms, jointly accounting for 98.5% of total import value, with the remainder spread across other markets.

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

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