Flakes; of Potatoes Price in the Philippines - 2023

Flakes; of Potatoes Price in the Philippines (CIF) - 2022

The average flakes; of potatoes import price stood at $1,555 per ton in 2022, rising by 9.2% against the previous year. Over the period under review, the import price showed buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of 64%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($1,555 per ton) and India ($1,555 per ton), while the price for Thailand ($1,555 per ton) and Germany ($1,555 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Flakes; of Potatoes Price in the Philippines (FOB) - 2022

The average flakes; of potatoes export price stood at $1,341 per ton in 2022, increasing by 1.5% against the previous year. Overall, the export price, however, continues to indicate a slight setback. The pace of growth appeared the most rapid in 2013 when the average export price increased by 41%. The export price peaked at $3,059 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($1,654 per ton), while the average price for exports to Palau ($171 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-1.3%), while the prices for the other major destinations experienced a decline.

Flakes; of Potatoes Imports in the Philippines

In 2022, imports of flakes; of potatoeses into the Philippines fell rapidly to 1.9K tons, with a decrease of -15.1% compared with 2021 figures. Overall, imports continue to indicate a abrupt descent. The smallest decline of -7.7% was in 2020.

In value terms, flakes; of potatoes imports contracted to $2.9M in 2022. In general, imports faced a deep reduction.

Import of Flakes; of Potatoes in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	0.5	10.8	35.0	1,961	1477.0%
Denmark	172	119	97.7	304	20.9%
China	50.7	71.7	54.6	298	80.5%
Netherlands	509	414	220	195	-27.4%
Thailand	0.3	0.7	1.4	52.3	458.6%
United States	46.9	11.4	7.3	49.6	1.9%
Germany	15.6	13.0	9.5	40.6	37.6%
Switzerland	32.4	35.8	38.4	N/A	8.9%
Indonesia	23.7	29.8	50.2	N/A	45.5%
Others	3,435	3,039	2,649	33.2	-78.7%
Total	4,286	3,746	3,164	2,934	-11.9%

Top Suppliers of Flakes; of Potatoes to the Philippines in 2022:

India (1261.4 tons)
Denmark (195.5 tons)
China (191.6 tons)
Netherlands (125.6 tons)
Thailand (33.7 tons)
United States (31.9 tons)
Germany (26.1 tons)

Flakes; of Potatoes Exports in the Philippines

In 2022, approx. 28 tons of flakes; of potatoeses were exported from the Philippines; rising by 657% against the year before. In general, exports, however, continue to indicate a dramatic contraction.

In value terms, flakes; of potatoes exports surged to $38K in 2022. Over the period under review, exports, however, showed a sharp decrease.

Export of Flakes; of Potatoes in the Philippines (Thousand USD)
COUNTRY	2020	2021	2022	CAGR, 2020-2022
Qatar	43.8	2.4	28.2	-19.8%
Malaysia	5.2	0.4	5.0	-1.9%
Thailand	7.1	0.3	2.5	-40.7%
Vietnam	5.0	0.2	1.9	-38.4%
Palau	0.2	N/A	0.2	0.0%
Canada	9.2	N/A	N/A	0%
Others	0.8	1.6	0.3	-38.8%
Total	71.2	5.0	38.1	-26.8%