Philippines - Prepared Or Preserved Hams And Cuts Of Swine Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Swine Meat Price in the Philippines - 2023
Contents:
- Preserved Swine Meat Price in the Philippines (CIF) - 2022
- Preserved Swine Meat Price in the Philippines (FOB) - 2022
- Preserved Swine Meat Imports in the Philippines
- Preserved Swine Meat Exports in the Philippines
Preserved Swine Meat Price in the Philippines (CIF) - 2022
The average preserved swine meat import price stood at $1,847 per ton in 2022, shrinking by -17.1% against the previous year. Over the period under review, the import price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of 201% against the previous year. Over the period under review, average import prices attained the maximum at $2,977 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($11,477 per ton), while the price for the Netherlands ($229 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+42.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Swine Meat Price in the Philippines (FOB) - 2022
The average preserved swine meat export price stood at $1,879 per ton in 2022, falling by -51.7% against the previous year. Over the period under review, the export price saw a deep reduction. The growth pace was the most rapid in 2018 an increase of 49% against the previous year. As a result, the export price attained the peak level of $4,876 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($3,322 per ton), while the average price for exports to Nauru ($466 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 Hong Kong SAR (+27.6%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Swine Meat Imports in the Philippines
In 2022, approx. 600 tons of prepared or preserved hams and cuts of swine meat were imported into the Philippines; surging by 45% compared with 2021. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +13.4% 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 +88.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, preserved swine meat imports soared to $1.1M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +7.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
Import of Preserved Swine Meat in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 786 | 525 | 786 | 827 | 1.7% |
Australia | N/A | N/A | N/A | 83.4 | 0% |
Italy | 5.3 | 8.0 | 28.3 | 52.9 | 115.3% |
Singapore | N/A | 4.6 | 4.9 | 29.1 | 151.5% |
Thailand | N/A | 6.6 | N/A | 13.4 | 42.5% |
South Korea | 8.4 | 46.4 | 10.8 | 6.2 | -9.6% |
Netherlands | N/A | N/A | 13.4 | 4.4 | -67.2% |
Others | 91.7 | 67.8 | 79.1 | 91.5 | -0.1% |
Total | 891 | 658 | 923 | 1,108 | 7.5% |
Top Suppliers of Preserved Swine Meat to the Philippines in 2022:
- United States (488.8 tons)
- Italy (27.4 tons)
- Netherlands (19.2 tons)
- Singapore (16.1 tons)
- Australia (11.5 tons)
- Thailand (10.9 tons)
- South Korea (4.6 tons)
Preserved Swine Meat Exports in the Philippines
In 2022, the amount of prepared or preserved hams and cuts of swine meat exported from the Philippines dropped sharply to 97 tons, waning by -25.1% compared with the previous year. In general, exports faced a precipitous decline.
In value terms, preserved swine meat exports shrank notably to $183K in 2022. Over the period under review, exports showed a dramatic contraction. The smallest decline of -23.5% was in 2021.
Export of Preserved Swine Meat in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 704 | 273 | 179 | 113 | -45.7% |
Brunei Darussalam | N/A | N/A | 6.5 | 35.0 | 438.5% |
Palau | N/A | N/A | N/A | 21.0 | 0% |
Micronesia | N/A | N/A | N/A | 6.9 | 0% |
Nauru | N/A | N/A | N/A | 3.8 | 0% |
Papua New Guinea | N/A | N/A | N/A | 1.8 | 0% |
Hong Kong SAR | 572 | N/A | 21.2 | N/A | -80.7% |
Qatar | N/A | 388 | 271 | N/A | -30.2% |
Others | 3.8 | N/A | 27.9 | 1.9 | -20.6% |
Total | 1,280 | 661 | 506 | 183 | -47.7% |
Top Export Markets for Preserved Swine Meat from the Philippines in 2022:
- United Arab Emirates (38.1 tons)
- Palau (26.2 tons)
- Brunei Darussalam (10.5 tons)
- Micronesia (10.1 tons)
- Nauru (8.1 tons)
- Papua New Guinea (3.5 tons)
This report provides an in-depth analysis of the preserved swine meat 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 10131545 - Prepared or preserved meat of swine: hams and cuts thereof (excluding prepared meals and dishes)
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
-
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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