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Philippines - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Beef Market Overview 2021

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Beef Market Size in the Philippines

In 2020, the Philippine beef market decreased by -X% to $X, falling for the fifth consecutive year after two years of growth. Overall, consumption, however, saw a mild downturn. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2020, consumption failed to regain the momentum.

Beef Production in the Philippines

In value terms, beef production contracted modestly to $X in 2020 estimated in export prices. Overall, production saw a pronounced shrinkage. The pace of growth was the most pronounced in 2014 when the production volume increased by X% y-o-y. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2020, production stood at a somewhat lower figure.

In 2020, the average yield of beef (cattle meat) in the Philippines amounted to X kg per head, leveling off at the year before. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the yield increased by X% y-o-y. As a result, the yield reached the peak level of X kg per head. From 2009 to 2020, the growth of the average beef yield remained at a somewhat lower figure.

In 2020, approx. X heads of animals slaughtered for beef production in the Philippines; approximately mirroring the previous year. Overall, the number of producing animals continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. The number of animals slaughtered for beef production peaked at X heads in 2016; afterwards, it flattened through to 2020.

Beef Exports

Exports from the Philippines

In 2020, overseas shipments of beef (cattle meat) increased by X% to X tonnes, rising for the second consecutive year after three years of decline. Over the period under review, exports recorded notable growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, beef exports expanded modestly to $X in 2020. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

Brunei Darussalam (X tonnes) and Qatar (X tonnes) were the main destinations of beef exports from the Philippines, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Qatar.

In value terms, the largest markets for beef exported from the Philippines were Qatar ($X) and Brunei Darussalam ($X), together comprising X% of total exports.

Qatar saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average beef export price stood at $X per tonne in 2020, remaining stable against the previous year. In general, the export price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. The export price peaked at $X per tonne in 2015; however, from 2016 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Qatar ($X per tonne), while the average price for exports to Brunei Darussalam stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Qatar.

Beef Imports

Imports into the Philippines

In 2020, purchases abroad of beef (cattle meat) decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. In general, imports showed a perceptible downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Imports peaked at X tonnes in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, beef imports fell sharply to $X in 2020. Over the period under review, imports continue to indicate notable growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

Brazil (X tonnes), India (X tonnes) and Australia (X tonnes) were the main suppliers of beef imports to the Philippines, with a combined X% share of total imports. Ireland, the U.S. and New Zealand lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in the U.S., while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest beef suppliers to the Philippines were Australia ($X), Brazil ($X) and India ($X), with a combined X% share of total imports. The U.S., Ireland and New Zealand lagged somewhat behind, together accounting for a further X the main suppliers, the U.S. saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average beef import price stood at $X per tonne in 2020, falling by -X% against the previous year. Overall, import price indicated a resilient increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, beef import price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, average import prices attained the maximum at $X per tonne in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while the price for Ireland ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by New Zealand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beef (cattle meat) in the world?
+
The countries with the highest volumes of beef consumption in 2020 were China (15M tonnes), the U.S. (13M tonnes) and Brazil (8.9M tonnes), with a combined 46% share of global consumption. Argentina, Pakistan, Russia, Mexico, Australia, India and France lagged somewhat behind, together comprising a further 17%.
What are the largest producers of beef (cattle meat) in the world?
+
The countries with the highest volumes of beef production in 2020 were China (13M tonnes), the U.S. (12M tonnes) and Brazil (10M tonnes), with a combined 45% share of global production. Argentina, India, Australia, Pakistan, Mexico, Russia, France and Canada lagged somewhat behind, together accounting for a further 21%.
What are the leading suppliers of beef (cattle meat) to the Philippines?
+
In value terms, the largest beef suppliers to the Philippines were Australia ($59M), Brazil ($55M) and India ($47M), with a combined 72% share of total imports. These countries were followed by the U.S., Ireland and New Zealand, which together accounted for a further 25%.
What are the leading importers of beef (cattle meat) from the Philippines?
+
In value terms, Qatar ($27K) and Brunei Darussalam ($18K) appeared to be the largest markets for beef exported from the Philippines worldwide, with a combined 94% share of total exports.
What is the average export price for beef (cattle meat) in the Philippines?
+
In 2020, the average beef export price amounted to $1,427 per tonne, standing approx. at the previous year.
What is the average import price for beef (cattle meat) in the Philippines?
+
The average beef import price stood at $3,134 per tonne in 2020, dropping by -6% against the previous year.

Product coverage:
• FCL 947 - Buffalo meat
• FCL 867 - Meat of cattle

This report provides an in-depth analysis of the beef market 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Producing Animals Slaughtered, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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