Price for Fresh or Chilled Boneless Cuts of Bovine Meat in the Philippines - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in the Philippines (CIF) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in the Philippines
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in the Philippines (CIF) - 2022
In 2022, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $10,818 per ton, jumping by 22% against the previous year. Over the period under review, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2013 an increase of 40% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
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 Japan ($40,742 per ton), while the price for the United States ($5,801 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in the Philippines
In 2022, supplies from abroad of fresh or chilled boneless cuts of bovine meat decreased by -81.4% to 100 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a dramatic descent. The pace of growth was the most pronounced in 2020 when imports increased by 29% against the previous year. As a result, imports attained the peak of 542 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of fresh or chilled boneless cuts of bovine meat shrank dramatically to $1.1M in 2022. Overall, imports faced a precipitous slump. The pace of growth was the most pronounced in 2020 when imports increased by 37% against the previous year.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1,241 | 2,161 | 4,036 | 929 | -9.2% |
| Japan | 9.2 | 17.2 | 75.8 | 133 | 143.6% |
| United States | 377 | 383 | 71.3 | 19.1 | -63.0% |
| Ireland | 75.2 | 95.5 | 143 | N/A | 37.9% |
| United Kingdom | 474 | 933 | 135 | N/A | -46.6% |
| Canada | 34.4 | 82.5 | 82.5 | N/A | 54.9% |
| Others | 516 | 60.9 | 243 | N/A | -31.4% |
| Total | 2,727 | 3,733 | 4,786 | 1,082 | -26.5% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to the Philippines in 2022:
- Australia (93.4 tons)
- United States (3.3 tons)
- Japan (3.3 tons)
336
This report provides an in-depth analysis of the fresh beef cut market in the Philippines.
4549
This report provides an in-depth analysis of the beef market in the Philippines.
1005
This report provides an in-depth analysis of the meat and poultry market in the Philippines.
1036
This report provides an in-depth analysis of the meat market in the Philippines.
418
This report provides an in-depth analysis of the beef market in the Philippines.
397
This report provides an in-depth analysis of the fresh beef carcase market in the Philippines.
541
Global Fresh Beef Cut Market Report 2018. This report provides an in-depth analysis of the global fresh beef cut market.
4219
This report provides an in-depth analysis of the global beef market.
2156
This report provides an in-depth analysis of the global meat and poultry market.
2743
This report provides an in-depth analysis of the global meat market.
466
Explore the top import markets for beef, including China, the United States, South Korea, and more. Discover key statistics and figures from the IndexBox market intelligence platform.
697
The global beef market stood at $379.4B in 2021, approximately mirroring the previous year. This figure reflects the...
1791
The global beef market revenue amounted to $385.7B in 2018, growing by 5.1% against the previous year. This figure...
1310
Global beef market remained relatively stable, rising from X tons in 2007, to X tons in 2016.
3863
Global beef consumption amounted to X thousand tons in 2015, standing approx. at the previous year level.
1646
Global beef exports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
1971
Global beef imports amounted to X thousand tons in 2015, standing approx. at the previous year level.
1032
In 2015, the countries with the highest levels of production in 2015 were the United States (X thousand tons), Brazil (X thousand tons), China (X thousand tons), together accounting for X% of total output.
1252
France dominates in the global beef trade. In 2014, France exported X thousand tons of beef totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total beef exports in value terms
148
Discover the leading countries driving global meat and poultry imports, including key statistics and market insights.
