Philippines - Cheese - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCheese Price in the Philippines - 2023
Contents:
- Cheese Price in the Philippines (CIF) - 2023
- Cheese Price in the Philippines (FOB) - 2023
- Cheese Imports in the Philippines
- Cheese Exports in the Philippines
Cheese Price in the Philippines (CIF) - 2023
The average cheese import price stood at $6,536 per ton in June 2023, growing by 19% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from New Zealand ($7,028 per ton) and the United States ($6,061 per ton), while the price for Germany ($5,300 per ton) and Denmark ($5,520 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Cheese Price in the Philippines (FOB) - 2023
The average cheese export price stood at $5,944 per ton in June 2023, rising by 19% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major foreign markets. In June 2023, the countries with the highest prices were Vietnam ($7,568 per ton) and Hong Kong SAR ($5,999 per ton), while the average price for exports to Singapore ($5,872 per ton) and Canada ($5,872 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Cheese Imports in the Philippines
In 2022, the amount of cheese imported into the Philippines surged to 41K tons, increasing by 23% on the year before. The total import volume increased at an average annual rate of +8.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cheese imports skyrocketed to $219M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cheese in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 56.3 | 48.2 | 67.4 | 91.4 | 17.5% |
| Australia | 21.9 | 19.4 | 30.4 | 35.0 | 16.9% |
| United States | 24.9 | 24.9 | 19.6 | 33.5 | 10.4% |
| Denmark | 10.1 | 13.2 | 15.0 | 22.9 | 31.4% |
| Indonesia | 2.3 | 4.2 | 4.7 | 9.1 | 58.2% |
| Germany | 3.0 | 4.3 | 5.1 | 5.8 | 24.6% |
| Others | 22.0 | 18.7 | 18.8 | 21.1 | -1.4% |
| Total | 140 | 133 | 161 | 219 | 16.1% |
Top Suppliers of Cheese to the Philippines in 2022:
- New Zealand (16.8K tons)
- Australia (6.5K tons)
- United States (6.3K tons)
- Denmark (4.7K tons)
- Indonesia (1.8K tons)
- Germany (1.1K tons)
Cheese Exports in the Philippines
In 2022, the amount of cheese exported from the Philippines rose significantly to 822 tons, surging by 5.6% on 2021. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 212%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, cheese exports rose rapidly to $4.4M in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 228%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Cheese in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 115 | 156 | 1,142 | 1,352 | 127.4% |
| United States | 3.6 | 175 | 678 | 1,009 | 554.4% |
| Singapore | N/A | 4.1 | 99.9 | 410 | 900.0% |
| Hong Kong SAR | 1.1 | 91.2 | 843 | 389 | 607.2% |
| United Arab Emirates | 472 | 560 | 414 | 359 | -8.7% |
| Saudi Arabia | 16.5 | 21.7 | 153 | 165 | 115.4% |
| Brunei Darussalam | N/A | 29.3 | 124 | 157 | 131.5% |
| Others | 81.2 | 137 | 395 | 550 | 89.2% |
| Total | 690 | 1,174 | 3,849 | 4,392 | 85.3% |
Top Export Markets for Cheese from the Philippines in 2022:
- Canada (260.6 tons)
- United States (193.7 tons)
- Singapore (80.5 tons)
- Hong Kong SAR (71.8 tons)
- United Arab Emirates (61.9 tons)
- Saudi Arabia (28.1 tons)
- Brunei Darussalam (26.7 tons)
This report provides an in-depth analysis of the cheese market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 901 - Cheese from Whole Cow Milk
- FCL 904 - Cheese from Skimmed Cow Milk
- FCL 905 - Whey Cheese
- FCL 907 - Processed Cheese
- FCL 955 - Cheese of Buffalo Milk
- FCL 984 - Cheese of Sheep Milk
- FCL 1021 - Cheese of Goat Milk
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the cheese market in the Philippines.
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This report provides an in-depth analysis of the uncured cheese market in the Philippines.
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This report provides an in-depth analysis of the market for grated and blue cheese in the Philippines.
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This report provides an in-depth analysis of the market for processed cheese (excluding grated or powdered) in the Philippines.
646
This report provides an in-depth analysis of the cheese and curd market in the Philippines.
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This report provides an in-depth analysis of the global cheese market.
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This report provides an in-depth analysis of the global uncured cheese market.
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This report provides an in-depth analysis of the global market for grated and blue cheese.
763
This report provides an in-depth analysis of the global market for processed cheese (excluding grated or powdered).
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This report provides an in-depth analysis of the global cheese and curd market.
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The global cheese market is forecast to reach a value of $123.2 billion by 2030, growing at a CAGR of around 4.2% during 2022-2030.
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In 2019, the global cheese market increased by 2.3% to $114.1B, rising for the third year in a row after two years of...
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The global cheese market revenue amounted to $111.7B in 2018, going up by 3.2% against the previous year. This figure refl...
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In 2015, the cheese market was estimated at X thousand tons.
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From 2007 to 2015, the global cheese market showed an upward trend. In 2015, the cheese market was estimated at X thousand tons. In value terms, the cheese market value seesawed due to price fluctuations. It stood at X million USD, which wa
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Global cheese market production was estimated at X million USD in 2015, a decrease of X million USD (X%) against 2014. In physical terms, the production of cheese was estimated at X million USD in 2015, which was X million USD (X%) mo
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From 2007 to 2015, global cheese exports increased by +X% per year, amounting to X billion USD in 2015. In physical terms, exports on the global cheese market reached X thousand tons in 2015, an increase of X thousand tons against the pr
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The total value of global cheese imports in 2015 stood at X billion USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, cheese imports reached X thousand tons in 2015, an increase of X thousand ton
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The global trade in cheese and curd amounted to X million USD in 2015, showing notable fluctuations over the period under review. A significant drop in 2009 was followed by recovery over the next two years, until expor
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Germany continued its dominance in the global cheese trade. In 2014, Germany exported X thousand tons of cheese totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total chee
