Report Update: May 2, 2024

Philippines - Prepared Or Preserved Shoulders And Cuts Of Swine Meat - Market Analysis, Forecast, Size, Trends And Insights

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Price for Preserved Swine Meat Cut in the Philippines - 2023

Price for Preserved Swine Meat Cut in the Philippines (FOB) - 2022

The average preserved swine meat cut export price stood at $4,205 per ton in 2022, surging by 36% against the previous year. In general, the export price, however, showed a deep slump. The export price peaked at $7,349 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($6,302 per ton), while the average price for exports to Qatar totaled $4,167 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-8.8%).

Price for Preserved Swine Meat Cut in the Philippines (CIF) - 2022

The average preserved swine meat cut import price stood at $1,478 per ton in 2022, with an increase of 5.5% against the previous year. Over the period under review, the import price, however, saw a perceptible slump. The growth pace was the most rapid in 2021 when the average import price increased by 156% against the previous year. The import price peaked at $3,917 per ton in 2015; however, from 2016 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 Spain ($8,792 per ton), while the price for the United States ($275 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Preserved Swine Meat Cut in the Philippines

For the third year in a row, the Philippines recorded decline in overseas shipments of prepared or preserved shoulders and cuts of swine meat, which decreased by -86.1% to 6.6 tons in 2022. Over the period under review, exports faced a sharp contraction. The smallest decline of -7.6% was in 2020.

In value terms, preserved swine meat cut exports reduced notably to $28K in 2022. In general, exports showed a sharp decrease. The smallest decline of -19.4% was in 2020.

Export of Preserved Swine Meat Cut in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Qatar	N/A	N/A	N/A	26.9	0%
Japan	2.4	0.9	6.3	0.7	-33.7%
United Arab Emirates	236	192	140	N/A	-23.0%
Others	N/A	N/A	N/A	N/A	0%
Total	239	193	146	27.6	-51.3%

Top Export Markets for Preserved Swine Meat Cut from the Philippines in 2022:

Qatar (6.5 tons)
Japan (0.1 tons)

Imports of Preserved Swine Meat Cut in the Philippines

In 2022, imports of prepared or preserved shoulders and cuts of swine meat into the Philippines declined rapidly to 16 tons, waning by -65.7% against the previous year. In general, imports faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 167%.

In value terms, preserved swine meat cut imports reduced markedly to $23K in 2022. Over the period under review, imports saw a sharp decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 585% against the previous year.

Import of Preserved Swine Meat Cut in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	0.1	N/A	2.4	10.6	373.3%
Netherlands	19.5	2.4	14.6	3.9	-41.5%
Italy	N/A	0.1	0.6	3.7	508.3%
Canada	0.1	N/A	0.5	3.0	210.7%
United States	177	6.7	5.8	1.8	-78.3%
South Korea	0.1	N/A	0.2	0.4	58.7%
Others	2.7	0.2	40.6	N/A	287.8%
Total	200	9.4	64.7	23.4	-51.1%

Top Suppliers of Preserved Swine Meat Cut to the Philippines in 2022:

United States (6.5 tons)
Canada (3.2 tons)
Netherlands (2.9 tons)
Italy (1.7 tons)
Spain (1.2 tons)
South Korea (0.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for preserved swine meat cut 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 10131555 - Prepared or preserved meat of swine: shoulders and cuts thereof, of swine (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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023