Philippines - Beef And Veal (Salted, In Brine, Dried Or Smoked) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Philippines - Beef And Veal (Salted, In Brine, Dried Or Smoked) - Market Analysis, Forecast, Size, Trends And Insights

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Preserved Beef Price in the Philippines - 2023

Contents:

  1. Preserved Beef Price in the Philippines (FOB) - 2022
  2. Preserved Beef Price in the Philippines (CIF) - 2022
  3. Preserved Beef Exports in the Philippines
  4. Preserved Beef Imports in the Philippines

Preserved Beef Price in the Philippines (FOB) - 2022

In 2022, the average preserved beef export price amounted to $4,402 per ton, picking up by 6.5% against the previous year. Overall, the export price continues to indicate a measured increase. The pace of growth was the most pronounced in 2018 an increase of 102% against the previous year. As a result, the export price attained the peak level of $6,455 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($11,056 per ton), while the average price for exports to the United Arab Emirates ($2,718 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 Qatar (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Beef Price in the Philippines (CIF) - 2022

In 2022, the average preserved beef import price amounted to $23,847 per ton, rising by 732% against the previous year. In general, the import price continues to indicate strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($40,000 per ton), while the price for the United States ($7,452 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+886.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Preserved Beef Exports in the Philippines

In 2022, approx. 5.3 tons of beef and veal (salted, in brine, dried or smoked) were exported from the Philippines; declining by -17.1% compared with the year before. The total export volume increased at an average annual rate of +3.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 39% against the previous year. As a result, the exports reached the peak of 6.4 tons, and then reduced notably in the following year.

In value terms, preserved beef exports shrank to $24K in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 30% against the previous year. As a result, the exports reached the peak of $27K, and then fell in the following year.

Export of Preserved Beef in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates5.46.712.911.729.4%
Qatar13.910.710.39.7-11.3%
Saudi Arabia2.62.01.61.3-20.6%
Others1.21.01.90.9-9.1%
Total23.120.426.623.50.6%

Top Export Markets for Preserved Beef from the Philippines in 2022:

  1. United Arab Emirates (4.3 tons)
  2. Qatar (0.9 tons)
  3. Saudi Arabia (0.1 tons)

Preserved Beef Imports in the Philippines

Preserved beef imports into the Philippines shrank significantly to 17 kg in 2022, with a decrease of -98.9% compared with the previous year's figure. In general, imports faced a significant decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 498%. As a result, imports reached the peak of 1.5 tons, and then reduced dramatically in the following year.

In value terms, preserved beef imports declined significantly to $403 in 2022. Overall, imports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2021 with an increase of 69%. As a result, imports attained the peak of $4.4K, and then contracted remarkably in the following year.

Import of Preserved Beef in the Philippines (USD)
COUNTRY2019202020212022CAGR,
2019-2022
NorwayN/AN/A6.02764500.0%
JapanN/AN/AN/A70.00%
United States55239914457.0-53.1%
Spain50120461.0N/A-65.1%
New Zealand51.034.04.0N/A-72.0%
France1,2421,092179N/A-62.0%
Taiwan (Chinese)16513120.0N/A-65.2%
Italy52919377.0N/A-61.8%
Australia81454167.0N/A-71.3%
OthersN/A6.03,834N/A63800.0%
Total3,8542,6004,392403-52.9%

Top Suppliers of Preserved Beef to the Philippines in 2022:

  1. United States (8.0 kg)
  2. Norway (7.0 kg)
  3. Japan (2.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the preserved beef 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:

  • Prodcom 10131200 - Beef and veal salted, in brine, dried or smoked

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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