What is the price of malt extract per kilogram/pound in Philippines today?
The retail price range for Philippines malt extract is between US$ 8.60 and US$ 24.87 per kilogram or between US$ 3.90 and US$ 11.28 per pound(lb). Click here to see today's exact prices of malt extract in Philippines
The retail price range in Philippine peso for malt extract is between PHP 478.35 and PHP 1,384.17 per kilogram or between PHP 216.94 and PHP 627.74 per pound(lb) in Manila and Quezon.
Wholesale prices
In 2024, the approximate wholesale price range for Philippines malt extract is between US$ 6.02 and US$ 17.41 per kilogram or between US$ 2.73 and US$ 7.90 per pound(lb).
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Philippines Malt Extract Export Prices - Historical, Trends and Prediction
The export price per kilogram of Malt Extract from Philippines over the last five years has been quite varied. In 2017, the price was 2.51 US$ per kg, followed by a significant increase to 3.19 US$ per kg in 2018. The price then dropped slightly to 3.13 US$ per kg in 2019, before rising again to 3.19 US$ per kg in 2020. 2021 saw a sharp decrease to 1.06 US$ per kg, the lowest price in the last five years. Based on this data, it is likely that the export price of Malt Extract from Philippines will remain relatively stable in the next two years, with a predicted price of 2.51 US$ per kg in 2023 and 2.97 US$ per kg in 2024.The exports of malt extract from the Philippines are categorised as:
- Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing < 40% by weight of cocoa calculated on a totally defatted basis, n.e.s. and food preparations of milk, cream, butter milk, sour milk, sour cream, whey, yogurt, kephir or similar goods of heading 0401 to 0404, not containing cocoa or containing < 5% by weight of cocoa calculated on a totally defatted basis, n.e.s. (excluding for infant use, put up for retail sale, and mixes and doughs for the preparation of bakers' wares of heading 1905) (HS code 190190)
Philippines Malt Extract Import Prices - Historical, Trends and Prediction
The import price per kilogram of Malt Extract into Philippines has seen a fluctuating trend over the last five years. In 2016, the price was recorded at 1.90 US $ per kg, which was the lowest in the last five years. This was followed by a gradual increase in the price, reaching a peak of 3.58 US $ per kg in 2015. In the following year, the price dropped to 2.51 US $ per kg, before increasing again to 3.19 US $ per kg in 2018 and 2019. The price remained steady at 3.19 US $ per kg in 2020 and 2021. Based on the data, it is predicted that the import price per kilogram of Malt Extract into Philippines will remain steady at 3.19 US $ per kg in 2023 and 2024.Export values for Philippines malt extract
The total values in export for malt extract in the Philippines were US$ 4,715, US$ 19,598, US$ 10,543 and US$ 2,479 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Philippines: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of malt extract in other countries across Asia: Kazakhstan malt extract, Kyrgyzstan malt extract, Tajikistan malt extract, Turkmenistan malt extract, Uzbekistan malt extract, China malt extract, Hong Kong malt extract, Macao malt extract, North Korea malt extract & Mongolia malt extract.
Philippines malt extract - Production, Exports, Imports, Seasons and HS Codes
The volume of malt extract exported by the Philippines in 2020 was 259 metric tons. In 2019 The Philippines exported 791 tonnes of malt extract. Across 2019 alone, the demand for the Philippines malt extract (processed category) has gone down, with a change of -76.045 percent compared to the year 2018. Between 2017 and 2019, malt extract's exports went down by -89.85 pc earning the country US$2.48m for the year 2019. the Philippiness' malt extract exports are categorised as:
- Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing < 40% by weight of cocoa calculated on a totally defatted basis, n.e.s. and food preparations of milk, cream, butter milk, sour milk, sour cream, whey, yogurt, kephir or similar goods of heading 0401 to 0404, not containing cocoa or containing < 5% by weight of cocoa calculated on a totally defatted basis, n.e.s. (excluding for infant use, put up for retail sale, and mixes and doughs for the preparation of bakers' wares of heading 1905) (HS code 190190)
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Philippines malt extract export values
In 2019, the Philippines sold malt extract costing 2.48m USD, a decrease of -76.48% from 2018's total malt extract export of 10.543m USD. The annual reduction in value of the Philippines malt extract between 2017 to 2018 was -46.204 pc.
The yearly change in the volume of the Philippiness' malt extract exports between 2017 and 2019 was -89.85 pc compared to a variation of -76.045% in the period between 2018 and 2019.
the Philippiness' portion of the world's total malt extract's exports in 2019 was less than 1%. the Philippines holds position 37 in world exports of malt extract.
Export markets for Philippines malt extract ( in '000$ )
the Philippiness' best performing export markets for malt extract are United Arab Emirates (UAE), Sri Lanka, Norway, Saudi Arabia and Qatar.
Import/Export Trends
the Philippines is a net importer of malt extract. The annual growth of the Philippines malt extract in value between 2015 to 2019 was 73%, per year, while annual growth in quantity through the same period was 9%, per annum.
the Philippines purchased 43,124 tonnes of malt extract in 2019.