Philippines - Meat And Poultry - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMeat and Poultry Price in the Philippines - 2023
Contents:
- Meat and Poultry Price in the Philippines (CIF) - 2022
- Meat and Poultry Price in the Philippines (FOB) - 2022
- Meat and Poultry Imports in the Philippines
- Meat and Poultry Exports in the Philippines
Meat and Poultry Price in the Philippines (CIF) - 2022
In 2022, the average meat and poultry import price amounted to $1,813 per ton, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2021 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs at $1,889 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($3,631 per ton), while the price for the United States ($1,544 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Meat and Poultry Price in the Philippines (FOB) - 2022
In 2022, the average meat and poultry export price amounted to $5,393 per ton, surging by 9.7% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat and poultry export price increased by +63.7% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 49%. The export price peaked in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($9,542 per ton), while the average price for exports to India ($2,612 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 the United Arab Emirates (+33.1%), while the prices for the other major destinations experienced more modest paces of growth.
Meat and Poultry Imports in the Philippines
In 2022, approx. 998K tons of meat and poultry were imported into the Philippines; picking up by 23% on the year before. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, meat and poultry imports surged to $1.8B in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Meat and Poultry in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 155 | 172 | 366 | 641 | 60.5% |
| United States | 178 | 164 | 264 | 269 | 14.8% |
| Canada | 87.9 | 65.0 | 150 | 185 | 28.2% |
| Spain | 11.9 | 17.3 | 78.7 | 150 | 132.7% |
| India | 84.9 | 83.2 | 130 | 138 | 17.6% |
| Australia | 94.9 | 70.5 | 102 | 136 | 12.7% |
| Netherlands | 96.5 | 104 | 42.2 | 75.3 | -7.9% |
| United Kingdom | 19.3 | 25.1 | 31.8 | 34.4 | 21.2% |
| Belgium | 18.4 | 20.2 | 89.1 | 24.5 | 10.0% |
| Others | 173 | 129 | 202 | 155 | -3.6% |
| Total | 920 | 851 | 1,457 | 1,809 | 25.3% |
Top Suppliers of Meat and Poultry to the Philippines in 2022:
- Brazil (366.7K tons)
- United States (174.3K tons)
- Canada (111.8K tons)
- Spain (96.2K tons)
- India (47.6K tons)
- Netherlands (44.9K tons)
- Australia (37.6K tons)
- United Kingdom (20.5K tons)
- Belgium (16.1K tons)
Meat and Poultry Exports in the Philippines
In 2022, shipments abroad of meat and poultry increased by 55% to 226 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a significant contraction.
In value terms, meat and poultry exports skyrocketed to $1.2M in 2022. Overall, exports, however, showed a sharp contraction.
| Export of Meat and Poultry in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4,514 | 1,081 | 543 | 647 | -47.7% |
| United Arab Emirates | 13.8 | 68.3 | 96.2 | 420 | 212.2% |
| Brunei Darussalam | 4.4 | 26.5 | 21.0 | 23.1 | 73.8% |
| India | 8.1 | 30.3 | 16.3 | 17.9 | 30.3% |
| Qatar | 7.3 | 25.7 | 14.4 | 16.5 | 31.2% |
| Taiwan (Chinese) | 26.8 | 34.5 | 5.0 | 2.0 | -57.9% |
| Others | 40.6 | 19.4 | 19.9 | 92.8 | 31.7% |
| Total | 4,615 | 1,285 | 716 | 1,219 | -35.8% |
Top Export Markets for Meat and Poultry from the Philippines in 2022:
- United Arab Emirates (117.5 tons)
- Japan (67.8 tons)
- Brunei Darussalam (7.2 tons)
- India (6.8 tons)
- Qatar (5.4 tons)
- Taiwan (Chinese) (1.1 tons)
This report provides an in-depth analysis of the meat and poultry 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 1108 - Meat of asses
- FCL 1089 - Meat of pigeons and other birds nes
- FCL 947 - Buffalo meat
- FCL 1127 - Meat of camels
- FCL 867 - Meat of cattle
- FCL 870 - Meat of cattle, boneless
- FCL 1058 - Chicken meat
- FCL 1069 - Duck meat
- FCL 1017 - Goat meat
- FCL 1073 - Goose meat
- FCL 1097 - Horse meat
- FCL 1111 - Meat of mules
- FCL 1158 - Meat of other domestic camelids
- FCL 1151 - Meat of other domestic rodents
- FCL 1035 - Pig meat
- FCL 1141 - Rabbit meat
- FCL 977 - Meat of sheep
- FCL 1080 - Turkey meat
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.
-
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
-
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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