Philippines - Flours, Meals And Pellets Of Meat Or Meat Offal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Meat Meals and Pellets in the Philippines - 2023
Contents:
- Price for Meat Meals and Pellets in the Philippines (CIF) - 2023
- Price for Meat Meals and Pellets in the Philippines (FOB) - 2022
- Imports of Meat Meals and Pellets in the Philippines
- Exports of Meat Meals and Pellets in the Philippines
Price for Meat Meals and Pellets in the Philippines (CIF) - 2023
The average meat meals and pellets import price stood at $671 per ton in June 2023, surging by 3.3% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 an increase of 8% m-o-m. Over the period under review, average import prices attained the peak figure at $683 per ton in January 2023; however, from February 2023 to June 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were the UK ($750 per ton) and the Netherlands ($718 per ton), while the price for Belgium ($577 per ton) and France ($636 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat Meals and Pellets in the Philippines (FOB) - 2022
In 2022, the average meat meals and pellets export price amounted to $1,319 per ton, jumping by 24% against the previous year. Over the period under review, the export price posted a strong increase. The pace of growth appeared the most rapid in 2015 an increase of 184% against the previous year. The export price peaked at $3,551 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +8.3% per year.
Imports of Meat Meals and Pellets in the Philippines
In 2022, approx. 329K tons of flours, meals and pellets of meat or meat offal were imported into the Philippines; picking up by 21% compared with the year before. Over the period under review, imports, however, recorded a slight shrinkage.
In value terms, meat meals and pellets imports skyrocketed to $206M in 2022. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Meat Meals and Pellets in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 79.6 | 49.6 | 88.1 | 114 | 12.7% |
| United States | 14.4 | 24.6 | 36.0 | 46.8 | 48.1% |
| Canada | 10.1 | 13.1 | 14.0 | 18.2 | 21.7% |
| France | 0.9 | 2.4 | 7.4 | 9.6 | 120.1% |
| Germany | 12.6 | 3.4 | 0.4 | 7.0 | -17.8% |
| Netherlands | 2.6 | 2.7 | 3.4 | 4.4 | 19.2% |
| Others | 4.4 | 6.1 | 4.3 | 5.9 | 10.3% |
| Total | 125 | 102 | 154 | 206 | 18.1% |
Top Suppliers of Meat Meals and Pellets to the Philippines in 2022:
- Italy (183.4K tons)
- United States (70.5K tons)
- Canada (32.1K tons)
- Germany (15.4K tons)
- France (14.3K tons)
- Netherlands (6.7K tons)
Exports of Meat Meals and Pellets in the Philippines
Meat meals and pellets exports from the Philippines surged to 7.4K tons in 2022, rising by 52% against the year before. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 220%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, meat meals and pellets exports surged to $9.7M in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 239%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Meat Meals and Pellets in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.1 | 0.9 | 1.7 | 9.7 | 66.5% |
| Thailand | N/A | N/A | 0.7 | N/A | 0% |
| India | N/A | N/A | 0.7 | N/A | 0% |
| Bangladesh | N/A | 0.6 | 1.8 | N/A | 200.0% |
| Others | 0.1 | N/A | 0.3 | N/A | 73.2% |
| Total | 2.2 | 1.5 | 5.2 | 9.7 | 64.0% |
Top Export Markets for Meat Meals and Pellets from the Philippines in 2022:
- Japan (7.4K tons)
This report provides an in-depth analysis of the market for meat meals and pellets 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 10131600 - Flours, meals and pellets of meat or meat offal unfit for human consumption, greaves
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
-
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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