Philippines - Prepared or Preserved Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Prepared or Preserved Meat in the Philippines - 2023
Contents:
- Price for Prepared or Preserved Meat in the Philippines (CIF) - 2023
- Price for Prepared or Preserved Meat in the Philippines (FOB) - 2023
- Imports of Prepared or Preserved Meat in the Philippines
- Exports of Prepared or Preserved Meat in the Philippines
Price for Prepared or Preserved Meat in the Philippines (CIF) - 2023
The average prepared or preserved meat import price stood at $2,525 per ton in June 2023, declining by -31.7% against the previous month. In general, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 26% month-to-month. As a result, import price reached the peak level of $4,185 per ton. From March 2023 to June 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Australia ($5,659 per ton), while the price for Brazil ($1,413 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Brazil (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Prepared or Preserved Meat in the Philippines (FOB) - 2023
The average prepared or preserved meat export price stood at $4,761 per ton in June 2023, rising by 4.5% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in September 2022 when the average export price increased by 23% m-o-m. Over the period under review, the average export prices hit record highs at $4,948 per ton in December 2022; however, from January 2023 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($7,822 per ton), while the average price for exports to Kuwait ($3,399 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Prepared or Preserved Meat in the Philippines
For the fourth year in a row, the Philippines recorded growth in overseas purchases of prepared or preserved meat, which increased by 24% to 34K tons in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, prepared or preserved meat imports skyrocketed to $116M in 2022. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 42%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
Import of Prepared or Preserved Meat in the Philippines (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 24.1 | 31.7 | 41.0 | 55.1 | 31.7% |
China | 1.7 | 9.8 | 21.8 | 23.7 | 140.7% |
Australia | 10.4 | 10.2 | 13.8 | 13.4 | 8.8% |
Thailand | 2.2 | 3.2 | 4.6 | 11.4 | 73.0% |
Denmark | 1.1 | 1.8 | 1.5 | 1.7 | 15.6% |
South Korea | 0.3 | 0.2 | 0.6 | 1.5 | 71.0% |
Brazil | 0.4 | 0.3 | 0.3 | 1.4 | 51.8% |
Others | 3.8 | 4.4 | 3.4 | 7.5 | 25.4% |
Total | 43.9 | 61.6 | 87.1 | 116 | 38.2% |
Top Suppliers of Prepared or Preserved Meat to the Philippines in 2022:
- United States (11.5K tons)
- China (10.7K tons)
- Thailand (2.6K tons)
- Denmark (2.3K tons)
- Australia (2.2K tons)
- Brazil (1.2K tons)
- South Korea (1.0K tons)
Exports of Prepared or Preserved Meat in the Philippines
Prepared or preserved meat exports from the Philippines surged to 4.4K tons in 2022, jumping by 37% compared with the year before. Over the period under review, exports posted a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, prepared or preserved meat exports soared to $17M in 2022. Overall, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 62% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
Export of Prepared or Preserved Meat in the Philippines (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 4.7 | 4.4 | 5.8 | 6.4 | 10.8% |
Japan | 1.2 | 1.0 | 2.9 | 4.7 | 57.6% |
Qatar | 0.7 | 0.5 | 0.9 | 2.2 | 46.5% |
Australia | 0.4 | 0.2 | 0.8 | 0.9 | 31.0% |
Bahrain | 0.2 | 0.1 | 0.3 | 0.6 | 44.2% |
Brunei Darussalam | 0.1 | 0.1 | 0.2 | 0.6 | 81.7% |
Kuwait | 0.1 | 0.2 | 0.1 | 0.4 | 58.7% |
Hong Kong SAR | 1.1 | 0.1 | 0.3 | 0.4 | -28.6% |
South Korea | N/A | N/A | 0.1 | 0.3 | 200.0% |
Taiwan (Chinese) | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
Saudi Arabia | 1.5 | N/A | N/A | N/A | 0% |
Others | 1.4 | 0.8 | 0.5 | 0.8 | -17.0% |
Total | 11.4 | 7.4 | 12.1 | 17.5 | 15.4% |
Top Export Markets for Prepared or Preserved Meat from the Philippines in 2022:
- United Arab Emirates (1445.1 tons)
- Japan (1110.2 tons)
- Qatar (445.7 tons)
- Kuwait (288.9 tons)
- Brunei Darussalam (165.3 tons)
- Hong Kong SAR (156.2 tons)
- Bahrain (144.6 tons)
- Taiwan (Chinese) (133.4 tons)
- Australia (129.2 tons)
- South Korea (66.4 tons)
This report provides an in-depth analysis of the market for prepared or preserved meat 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 10861010 - Homogenised preparations of meat, meat offal or blood (excluding sausages and similar products of meat, food preparations based on these products)
- Prodcom 10851100 - Prepared meals and dishes based on meat, meat offal or blood
- Prodcom 10131505 - Prepared or preserved goose or duck liver (excluding sausages and prepared meals and dishes)
- Prodcom 100000Z1 - Prepared and preserved meat, meat offal or blood, including prepared meat and offal dishes
- Prodcom 10131515 - Prepared or preserved liver of other animals (excluding sausages and prepared meals and dishes)
- Prodcom 10131525 - Prepared or preserved meat or offal of turkeys (excluding sausages, preparations of liver and prepared meals and dishes)
- Prodcom 10131535 - Other prepared or preserved poultry meat (excluding sausages, preparations of liver and prepared meals and dishes)
- Prodcom 10131545 - Prepared or preserved meat of swine: hams and cuts thereof (excluding prepared meals and dishes)
- Prodcom 10131555 - Prepared or preserved meat of swine: shoulders and cuts thereof, of swine (excluding prepared meals and dishes)
- Prodcom 10131565 - Prepared or preserved meat, offal and mixtures of domestic swine, including mixtures, containing < .40 % meat or offal of any kind and fats of any kind (excluding sausages and similar products, homogenised preparations, preparations of liver and prepared meals and dishes)
- Prodcom 10131575 - Other prepared or preserved meat, offal and mixtures of
- Prodcom 10131585 - Prepared or preserved meat or offal of bovine animals (excluding sausages and similar products, homogenised preparations, preparations of liver and prepared meals and dishes)
- Prodcom 10131595 - Other prepared or preserved meat or offal, including blood
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
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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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