Oleo oils Market Overview in the Philippines
In value terms, oleo oils production reduced to $ in 2019 estimated in export prices. Overall, production enjoyed temperate growth. The pace of growth appeared the most rapid in 2015 with an increase of % year-to-year. As a result, production attained the peak level of $. From 2016 to 2019, production growth remained at a lower figure.
The value of the oleo oils market in the Philippines reduced modestly to $ in 2019, with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2015 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. From 2016 to 2019, the growth of the market failed to regain the momentum.