Philippines - Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMilk Price in the Philippines - 2023
Contents:
- Milk Price in the Philippines (CIF) - 2022
- Milk Price in the Philippines (FOB) - 2022
- Milk Imports in the Philippines
- Milk Exports in the Philippines
Milk Price in the Philippines (CIF) - 2022
The average milk import price stood at $693 per ton in 2022, picking up by 8.8% against the previous year. In general, the import price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by 13%. As a result, import price reached the peak level of $1,084 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($694 per ton) and Australia ($693 per ton), while the price for Thailand ($692 per ton) and Belgium ($692 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Milk Price in the Philippines (FOB) - 2022
In 2022, the average milk export price amounted to $2,290 per ton, growing by 153% against the previous year. In general, the export price recorded a temperate expansion. Over the period under review, the average export prices attained the maximum at $3,712 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
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 the United Arab Emirates ($2,970 per ton), while the average price for exports to Qatar ($756 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 (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.
Milk Imports in the Philippines
In 2022, supplies from abroad of milk was finally on the rise to reach 141K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, milk imports skyrocketed to $97M in 2022. The total import value increased at an average annual rate of +9.8% over the period from 2019 to 2022; 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.
| Import of Milk in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 24.2 | 15.8 | 14.9 | 22.5 | -2.4% |
| Australia | 12.8 | 17.1 | 15.0 | 20.1 | 16.2% |
| Germany | 14.7 | 12.0 | 11.0 | 18.1 | 7.2% |
| Poland | 0.5 | 2.8 | 3.2 | 8.7 | 159.1% |
| Bangladesh | 1.1 | 6.3 | 4.5 | 6.9 | 84.4% |
| Denmark | 2.3 | 3.2 | 3.5 | 5.7 | 35.3% |
| Belgium | N/A | 0.2 | 1.2 | 5.3 | 414.8% |
| Thailand | 7.1 | 8.1 | 6.3 | 1.7 | -37.9% |
| Others | 10.9 | 9.9 | 11.2 | 8.5 | -8.0% |
| Total | 73.6 | 75.4 | 70.8 | 97.4 | 9.8% |
Top Suppliers of Milk to the Philippines in 2022:
- New Zealand (32.4K tons)
- Australia (29.0K tons)
- Germany (26.0K tons)
- Poland (12.6K tons)
- Bangladesh (9.9K tons)
- Denmark (8.3K tons)
- Belgium (7.7K tons)
- Thailand (2.4K tons)
Milk Exports in the Philippines
Milk exports from the Philippines surged to 14 tons in 2022, rising by 45% compared with 2021 figures. Over the period under review, exports posted a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 850%. As a result, the exports attained the peak of 82 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, milk exports surged to $31K in 2022. In general, exports saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 919%. As a result, the exports reached the peak of $56K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Milk in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1.6 | 6.1 | 7.0 | 28.1 | 159.9% |
| Qatar | N/A | N/A | 1.5 | 2.0 | 33.3% |
| Bahrain | N/A | N/A | N/A | 0.7 | 0% |
| Hong Kong SAR | N/A | N/A | N/A | 0.4 | 0% |
| Marshall Islands | 3.9 | 35.9 | N/A | N/A | 820.5% |
| Micronesia | N/A | 13.9 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.5 | 55.9 | 8.5 | 31.2 | 78.3% |
Top Export Markets for Milk from the Philippines in 2022:
- United Arab Emirates (9.4 tons)
- Qatar (2.7 tons)
- Bahrain (1.0 tons)
- Hong Kong SAR (0.5 tons)
This report provides an in-depth analysis of the milk 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 1130 - Camel milk
- FCL 882 - Cow milk, whole (fresh)
- FCL 1020 - Goat milk
- FCL 982 - Sheep milk
- FCL 951 - Buffalo milk
- FCL 888 - Skim Milk of Cows
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
- 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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This report provides an in-depth analysis of the milk market in the Philippines.
377
This report provides an in-depth analysis of the skim milk market in the Philippines.
392
This report provides an in-depth analysis of the cream fresh market in the Philippines.
855
This report provides an in-depth analysis of the whole fresh milk market in the Philippines.
3793
This report provides an in-depth analysis of the global milk market.
567
This report provides an in-depth analysis of the global skim milk market.
575
This report provides an in-depth analysis of the global cream fresh market.
1090
This report provides an in-depth analysis of the global whole fresh milk market.
368
This report provides an in-depth analysis of the cream market in the Philippines.
718
This report provides an in-depth analysis of the milk market in the Philippines.
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Explore the top import markets for milk based on the data provided by the IndexBox platform. Discover the countries with the highest import values for milk in 2022.
265
From the shift towards plant-based alternatives to the growing demand for organic and sustainable milk products, the milk market is undergoing significant changes.
574
The global milk market reduced to $778.1B in 2021, remaining constant against the previous year.
1380
Driven by increasing demand worldwide, the milk market is forecast to expand with an anticipated CAGR of +1.7% for the period from 2020 to 2030, which is projected to bring the market volume to 1.2B tons by the end of 2030.
1388
Germany dominated in the global milk trade in 2014. In 2014, Germany exported X thousand tons of milk totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total milk exports in
2174
Developing countries are expected to display positive dynamics in per capita consumption of dairy products, due to robust income growth, expanding populations and a further globalization of diets.
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The global whole fresh milk market is estimated at $798.4B in 2018, an increase of 1.7% from 2017.
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Global cream fresh consumption amounted to X thousand tons in 2015, going up by +X% against the previous year level.
1501
Global cream fresh imports amounted to X thousand tons in 2015, standing approx. at the previous year level.
