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Philippines - Cheese - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Cheese Market Overview 2021

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Cheese Market Size in the Philippines

The Philippine cheese market rose remarkably to $X in 2019, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a strong expansion. The growth pace was the most rapid in 2010 when the market value increased by X% y-o-y. Cheese consumption peaked in 2019 and is expected to retain growth in the immediate term.

Cheese Exports

Exports from the Philippines

In 2019, exports of cheese from the Philippines expanded significantly to X tonnes, growing by X% against 2018 figures. Over the period under review, exports posted a tangible expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes. From 2014 to 2019, the growth exports failed to regain the momentum.

In value terms, cheese exports soared to $X in 2019. Overall, exports saw a temperate expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2014 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tonnes) was the main destination for cheese exports from the Philippines, accounting for a X% share of total exports. Moreover, cheese exports to the United Arab Emirates exceeded the volume sent to the second major destination, Hong Kong SAR (X tonnes), threefold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and the U.S. (-X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for cheese exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Hong Kong SAR (+X% per year).

Export Prices by Country

In 2019, the average cheese export price amounted to $X per tonne, with an increase of X% against the previous year. Overall, the export price, however, saw a mild curtailment. The pace of growth was the most pronounced in 2015 an increase of X% y-o-y. The export price peaked at $X per tonne in 2011; however, from 2012 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Singapore ($X per tonne), while the average price for exports to Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese), while the prices for the other major destinations experienced more modest paces of growth.

Cheese Imports

Imports into the Philippines

For the sixth consecutive year, the Philippines recorded growth in purchases abroad of cheese, which increased by X% to X tonnes in 2019. Over the period under review, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Over the period under review, imports attained the maximum in 2019 and are likely to see steady growth in the immediate term.

In value terms, cheese imports expanded significantly to $X in 2019. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2019 and are likely to see gradual growth in the near future.

Imports by Country

In 2019, New Zealand (X tonnes) constituted the largest supplier of cheese to the Philippines, accounting for a X% share of total imports. Moreover, cheese imports from New Zealand exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), twofold. The third position in this ranking was occupied by Australia (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from New Zealand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Australia (+X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of cheese to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

From 2007 to 2019, the average annual growth rate of value from New Zealand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Australia (+X% per year).

Import Prices by Country

The average cheese import price stood at $X per tonne in 2019, rising by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Ireland ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Indonesia, 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 cheese in the world?
+
The U.S. (6.3M tonnes) constituted the country with the largest volume of cheese consumption, comprising approx. 26% of total volume. Moreover, cheese consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Germany (2.1M tonnes), threefold. France (1.4M tonnes) ranked third in terms of total consumption with a 5.9% share.
What are the largest producers of cheese in the world?
+
The country with the largest volume of cheese production was the U.S. (6.5M tonnes), accounting for 27% of total volume. Moreover, cheese production in the U.S. exceeded the figures recorded by the second-largest producer, Germany (2.5M tonnes), threefold. France (1.7M tonnes) ranked third in terms of total production with a 7.2% share.
What are the leading suppliers of cheese to the Philippines?
+
In value terms, New Zealand ($65M) constituted the largest supplier of cheese to the Philippines, comprising 40% of total imports. The second position in the ranking was occupied by the U.S. ($29M), with a 18% share of total imports. It was followed by Australia, with a 16% share.
What are the leading importers of cheese from the Philippines?
+
In value terms, the United Arab Emirates ($741K) remains the key foreign market for cheese exports from the Philippines, comprising 38% of total exports. The second position in the ranking was occupied by the U.S. ($348K), with a 18% share of total exports. It was followed by Hong Kong SAR, with a 17% share.
What is the average export price for cheese in the Philippines?
+
The average cheese export price stood at $3,964 per tonne in 2019, growing by 6.9% against the previous year.
What is the average import price for cheese in the Philippines?
+
In 2019, the average cheese import price amounted to $3,900 per tonne, with an increase of 4.2% against the previous year.

Product coverage:
• FCL 901 - Cheese from Whole Cow Milk
• FCL 904 - Cheese from Skimmed Cow Milk
• FCL 905 - Whey Cheese
• FCL 907 - Processed Cheese
• FCL 955 - Cheese of Buffalo Milk
• FCL 984 - Cheese of Sheep Milk
• FCL 1021 - Cheese of Goat Milk

This report provides an in-depth analysis of the cheese 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
TOP EXPORTING COUNTRIES
5.4
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 VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
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:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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