Earlier Report Observations
The Philippine wheat bran market volume grew rapidly from 789 thousand tonnes in 2018 to 1.23 million tonnes in 2020. This upward trend paused in 2021 when the market contracted to 1.09 million tonnes, before recovering to 1.19 million tonnes in 2022.
Market growth slowed in 2023, reaching 1.22 million tonnes, as consumption peaked indicating a maturing market. During this period, the import-dependent industry contended with rising global wheat prices and increased freight costs, while a major miller planned a significant capacity expansion in anticipation of future demand.
A market contraction occurred in 2024, primarily driven by softened feed demand following a slow recovery in the country's hog population. This decline was compounded by ongoing pressures from a weakening local currency and high import costs, which affected millers' operations.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in the Philippines
- 5.1.1. Annual dynamics of production in the Philippines in kind, 2018-2023, K t
- 5.1.2. Annual dynamics of production in the Philippines in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in the Philippines
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, K t
- 6.1.2.1. Annual dynamics of product's imports to the Philippines in kind, 2018-2024, K t
- 6.1.2.2. Dynamics of product's imports in kind to the Philippines by countries, 2018-2024, K t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to the Philippines in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to the Philippines by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to the Philippines, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to the Philippines by countries, 2018-2024, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, K t
- 6.2.2.1. Annual dynamics of product's imports to the Philippines in kind, 2018-2024, K t
- 6.2.2.2. Dynamics of product's imports in kind to the Philippines by countries, 2018-2024, K t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to the Philippines in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to the Philippines by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to the Philippines, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to the Philippines by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, K t
- 7.1.2.1. Annual dynamics of product's exports from the Philippines in kind, 2018-2024, K t
- 7.1.2.2. Dynamics of product's exports in kind from the Philippines by countries, 2018-2024, K t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from the Philippines in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's exports in value from the Philippines by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from the Philippines, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from the Philippines by countries, 2018-2024, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, K t
- 7.2.2.1. Annual dynamics of product's exports from the Philippines in kind, 2018-2024, K t
- 7.2.2.2. Dynamics of product's exports in kind from the Philippines by countries, 2018-2024, K t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from the Philippines in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's exports in value from the Philippines by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from the Philippines, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from the Philippines by countries, 2018-2024, $ US/t
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, K t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, K t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production wheat bran, sharps and residues in the Philippines
In kind, 2017-2020, K t
From 2017 to 2020, the Philippines ranked 23rd globally in the production of wheat bran, sharps, and residues.
Top producers of wheat bran, sharps and residues, 2017-2020
World map of production of wheat bran, sharps and residues, 2017-2020
The Philippines saw its production of wheat bran, sharps, and residues rise for the second year in a row. In 2020, the country produced 1 108 K t, marking a 15.4% increase from 2019. Over the 2017-2020 period, production grew by 38%, with an average annual growth rate of 11.3%. The lowest output was in 2018 at 738 K t, which also saw the biggest decline of 8.0%. In contrast, 2019 recorded the largest increase at 30.0%.
Annual dynamics of production in the Philippines in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (8.0%) | 30.0% | 15.4% | 11.3% |
Exports wheat bran, sharps and residues from the Philippines
Exports in kind, K t
Annual dynamics of product's exports from the Philippines in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | - |
From 2017 to 2020, exports in kind were consistently dominated by Vietnam, making up 100.0% of total 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, K $ US
Annual dynamics of product's exports from the Philippines in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | - |
Throughout 2017-2020, Vietnam was the nearly exclusive buyer of wheat bran, sharps, and residues from the Philippines, accounting for 100.0% of total export value.
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 wheat bran, sharps and residues to the Philippines
Imports in kind, K t
The market showed notable fluctuations during this period. Imports hit their lowest point in 2017 and peaked in 2019, with an 18-fold difference between these years. In 2020, the Philippines imported 123.1 K t of wheat bran, sharps, and residues, representing a significant year-on-year drop of 15.8%. The highest volume was in 2019 at 146.3 K t, while the largest increase occurred in 2018 at 514.2%.
Annual dynamics of product's imports to the Philippines in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 514.2% | 190.3% | (15.8%) | 146.6% |
From 2017 to 2020, Indonesia largely shaped the geographical structure of imports in kind for wheat bran, sharps, and residues to the Philippines, holding a 90.4% share of total 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, K $ US
Market behavior was volatile during these years. Import volumes varied 20 times from the low in 2017 to the high in 2019. In 2020, the value of wheat bran, sharps, and residues imported by the Philippines stood at 27 647 K $ US, reflecting a sharp year-on-year decline of 18.2%. The peak value was recorded in 2019 at 33 810 K $ US, and the largest increase happened in 2018 at 534.4%.
Annual dynamics of product's imports to the Philippines in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 534.4% | 217.7% | (18.2%) | 154.5% |
During 2017-2020, imports of wheat bran, sharps, and residues to the Philippines were primarily sourced from Indonesia, which accounted for 90.7% 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
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