Philippines: Beef Market 2020

Beef Market Size in the Philippines

The revenue of the beef market in the Philippines amounted to $X in 2017, picking up by X% against the previous year. Overall, beef consumption continues to indicate a skyrocketing increase. The growth pace was the most rapid in 2008, when market value increased by X% against the previous year. The Philippines beef consumption peaked in 2017, and is expected to retain its growth in the immediate term.

Beef Production in the Philippines

In 2017, the amount of beef (cattle meat) produced in the Philippines amounted to X kg, stabilizing at the previous year. In general, beef production continues to indicate a relatively flat trend pattern. Beef output in the Philippines indicated a relatively flat trend pattern, which was largely conditioned by a relatively flat trend pattern of the producing animals and a relatively flat trend pattern in yield figures.

In 2017, average beef yield in the Philippines stood at X kg per head, shrinking by -X% against the previous year. Overall, beef yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, when yield increased by X% against the previous year. In that year, the beef yield attained their peak level of X kg per head. From 2009 to 2017, growth of the beef yield stood at a somewhat lower level.

In 2017, beef producing animals in the Philippines stood at X head, falling by -X% against the previous year. Overall, beef producing animals continues to indicate a mild increase. The pace of growth was the most pronounced in 2009, when it surged by X% year-to-year. The Philippines beef producing animals peaked of X heads in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Beef Exports in the Philippines

Beef exports from the Philippines stood at X tonnes in 2017, dropping by -X% against the previous year. In general, beef exports continue to indicate an abrupt decline. The most prominent rate of growth was recorded in 2009, with an increase of X% year-to-year. In that year, the beef exports reached their peak volume of X tonnes. From 2010 to 2017, growth of the beef exports failed to regain its momentum.

In value terms, beef exports amounted to $X in 2017. In general, beef exports continue to indicate an abrupt shrinkage. In that year, the beef exports attained their peak level of $X. From 2010 to 2017, growth of the beef exports stood at a somewhat lower level.

Beef Exports by Country in the Philippines

The exports of the four major exporters of beef (cattle meat), namely India, Brazil, Australia and the U.S., represented more than half of total export. The following exporters - the Netherlands (X tonnes), New Zealand (X tonnes), Poland (X tonnes), Ireland (X tonnes), Paraguay (X tonnes), Canada (X tonnes), Uruguay (X tonnes) and Argentina (X tonnes) together made up X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Australia ($X) and Brazil ($X) constituted the countries with the highest levels of exports in 2017, together comprising X% of total exports. These countries were followed by India, the Netherlands, Ireland, New Zealand, Canada, Poland, Uruguay, Argentina, Paraguay and the Philippines, which together accounted for a further X%.

Among the main exporting countries , India (+X% per year) experienced the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Beef Export Prices by Country in the Philippines

The beef export price in the Philippines stood at $X per tonne in 2017, picking up by X% against the previous year. In general, beef export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017, an increase of X% y-o-y. In that year, the export prices for beef (cattle meat) attained their peak level, and is likely to continue its growth in the immediate term.

Export prices varied noticeably by the country of destination; the country with the highest export price was the U.S. ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

Beef Imports in the Philippines

In 2017, the amount of beef (cattle meat) imported into the Philippines amounted to X tonnes, picking up by X% against the previous year. In general, the total imports indicated a strong expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the beef imports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2010, when imports increased by X% against the previous year. Over the period under review, the beef imports attained its peak figure volume in 2017, and are expected to retain its growth in the immediate term.

In value terms, beef imports amounted to $X in 2017. Overall, beef imports continue to indicate a remarkable growth. Over the period under review, the beef imports attained its maximum level in 2017, and are likely to continue its growth in the near future.

Beef Imports by Country in the Philippines

The U.S. (X tonnes), Vietnam (X tonnes), China (X tonnes), Japan (X tonnes), China, Hong Kong SAR (X tonnes), Italy (X tonnes), South Korea (X tonnes), the Netherlands (X tonnes), Germany (X tonnes), Egypt (X tonnes), Russia (X tonnes) and the UK (X tonnes) represented roughly X% of total imports of beef (cattle meat) in 2017.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Vietnam (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest beef markets worldwide were the U.S. ($X), China ($X) and Japan ($X), with a combined X% share of total imports. Vietnam, South Korea, Germany, Italy, China, Hong Kong SAR, the Netherlands, the UK, Russia, Egypt and the Philippines lagged somewhat behind, together comprising a further X%.

Vietnam (+X% per year) recorded the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Beef Import Prices by Country in the Philippines

In 2017, the beef import price in the Philippines amounted to $X per tonne, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011, when the import prices increased by X% year-to-year. The Philippines import price peaked of $X per tonne in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Germany ($X per tonne), while Egypt ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform