Philippines: Goat Meat Market Overview 2020

Goat Meat Market Size in the Philippines

The revenue of the goat meat market in the Philippines amounted to $X in 2018, dropping by -X% against the previous year. Overall, goat meat consumption continues to indicate a slight descent. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, the goat meat market reached its peak figure level at $X in 2010; however, from 2011 to 2018, consumption remained at a lower figure.

Goat Meat Production in the Philippines

In value terms, goat meat production amounted to $X in 2018 estimated in export prices. Over the period under review, goat meat production continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, goat meat production reached its maximum level at $X in 2010; however, from 2011 to 2018, production failed to regain its momentum.

Goat Meat Exports

Exports from the Philippines

In 2018, the exports of goat meat from the Philippines stood at X tonnes, going up by X% against the previous year. Over the period under review, goat meat exports continue to indicate outstanding growth. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, goat meat exports reached their peak figure in 2018 and are likely to continue its growth in the immediate term.

In value terms, goat meat exports stood at $X in 2018. Over the period under review, goat meat exports continue to indicate a skyrocketing expansion. The growth pace was the most rapid in 2013 when exports increased by X% y-o-y. In that year, goat meat exports attained their peak of $X. From 2014 to 2018, the growth of goat meat exports failed to regain its momentum.

Exports by Country

Qatar (X tonnes) was the main destination for goat meat exports from the Philippines, with a approx. X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of volume to Qatar totaled +X%.

In value terms, Qatar ($X) also remains the key foreign market for goat meat exports from the Philippines.

From 2007 to 2018, the average annual rate of growth in terms of value to Qatar stood at +X%.

Export Prices by Country

In 2018, the average goat meat export price amounted to $X per tonne, falling by -X% against the previous year. Overall, the goat meat export price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2011 when the average export price decreased by -X% against the previous year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Qatar.

From 2007 to 2018, the rate of growth in terms of prices for Qatar amounted to -X% per year.

Goat Meat Imports

Imports into the Philippines

In 2018, approx. X tonnes of goat meat were imported into the Philippines; growing by X% against the previous year. Over the period under review, goat meat imports continue to indicate extraordinary growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, goat meat imports amounted to $X in 2018. Over the period under review, goat meat imports continue to indicate extraordinary growth. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, goat meat imports attained their maximum in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, Australia (X tonnes) was the main supplier of goat meat to the Philippines, with a approx. X% share of total imports.

From 2007 to 2018, the average annual rate of growth in terms of volume from Australia stood at +X%.

In value terms, Australia ($X) constituted the largest supplier of goat meat to the Philippines.

From 2007 to 2018, the average annual growth rate of value from Australia stood at +X%.

Import Prices by Country

In 2018, the average goat meat import price amounted to $X per tonne, picking up by X% against the previous year. Overall, the import price indicated a resilient expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, goat meat import price increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% y-o-y. The import price peaked in 2018 and is likely to see steady growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2007 to 2018, the rate of growth in terms of prices for Australia amounted to +X% per year.

Source: IndexBox AI Platform