Philippines - Goat Meat - Market Analysis, Forecast, Size, Trends and Insights

Philippines: Goat Meat Market Overview 2019

Goat Meat Market Size in the Philippines

The revenue of the goat meat market in the Philippines amounted to $X in 2017, jumping by X% against the previous year. In general, goat meat consumption continues to indicate a remarkable expansion. The growth pace was the most rapid in 2015, with an increase of X% year-to-year. Over the period under review, the goat meat market reached its maximum level in 2017, and is likely to see steady growth in the immediate term.

Goat Meat Production in the Philippines

In 2017, approx. X tonnes of goat meat were produced in the Philippines; surging by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. The goat meat production peaked in 2017, and is expected to retain its growth in the immediate term. Goat meat output in the Philippines indicated a measured increase, which was largely conditioned by a measured growth of the producing animals and a relatively flat trend pattern in yield figures.

Average yield of goat meat in the Philippines totaled X kg per head in 2017, stabilizing at the previous year. Overall, goat meat yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016, when it surged by X% y-o-y. The goat meat yield peaked in 2017, and is expected to retain its growth in the near future.

In 2017, approx. X heads of goat meat were slaughtered in the Philippines; flattening at the previous year. This number increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2008, when it surged by X% year-to-year. Over the period under review, this number reached its maximum figure in 2017, and is expected to retain its growth in the immediate term.

Goat Meat Exports

Exports from the Philippines

In 2017, goat meat exports from the Philippines stood at X tonnes, jumping by X% against the previous year. In general, goat meat exports continue to indicate an outstanding increase. The most prominent rate of growth was recorded in 2013, with an increase of X% year-to-year. Over the period under review, the goat meat exports attained its maximum volume in 2017, and are likely to see steady growth in the immediate term.

In value terms, goat meat exports stood at $X in 2017. Overall, goat meat exports continue to indicate a skyrocketing increase. In that year, the goat meat exports attained their peak level of $X. From 2014 to 2017, growth of the goat meat exports stood at a somewhat lower level.

Goat Meat Imports

Imports into the Philippines

In 2017, approx. X kg of goat meat were imported into the Philippines; waning by -X% against the previous year. In general, goat meat imports continue to indicate a precipitous slump. The growth pace was the most rapid in 2012, when it surged by -X% y-o-y. The imports peaked of X kg in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, goat meat imports totaled $X in 2017. Overall, goat meat imports continue to indicate a dramatic deduction. The imports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Imports by Country

In 2017, Australia (X kg) was the main supplier of goat meat to the Philippines, with a X% share of total imports. Moreover, goat meat imports from Australia exceeded the figures recorded by the second largest supplier, the Netherlands (X kg), more than tenfold.

From 2007 to 2017, the average annual growth rate of volume from Australia amounted to -X%.

In value terms, Australia ($X) constituted the largest supplier of goat meat to the Philippines, making up X% of total goat meat imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports.

From 2007 to 2017, the average annual rate of growth in terms of value from Australia totaled -X%.

Import Prices by Country

The average goat meat import price stood at $X per tonne in 2017, declining by -X% against the previous year. In general, goat meat import price continues to indicate a relatively flat trend pattern. The import price peaked of $X per tonne in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Australia ($X per tonne), while price for the Netherlands amounted to $X per tonne.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Australia (-X% per year).

Source: IndexBox AI Platform