Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in the Philippines - 2023
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in the Philippines (CIF) - 2023
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in the Philippines
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in the Philippines (CIF) - 2023
In November 2023, the average import price for meat of sheep or goats; fresh, chilled or frozen amounted to $6,696 per ton, falling by -41.2% against the previous month. Overall, the import price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in October 2023 an increase of 62% m-o-m. The import price peaked at $13,728 per ton in December 2022; however, from January 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was New Zealand ($10,589 per ton), while the price for Australia totaled $5,230 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+3.4%).
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in the Philippines
In 2022, after two years of decline, there was significant growth in overseas purchases of meat of sheep or goats; fresh, chilled or frozen, when their volume increased by 91% to 693 tons. Overall, imports, however, continue to indicate a pronounced reduction.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen surged to $6.7M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 5.8 | 3.3 | 2.7 | 5.9 | 0.6% |
| New Zealand | 0.7 | 0.2 | 0.2 | 0.7 | 0.0% |
| Others | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Total | 6.6 | 3.6 | 2.9 | 6.7 | 0.5% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to the Philippines in 2022:
- Australia (587.9 tons)
- New Zealand (95.2 tons)
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