Latest Report Update: Jun 16, 2021

Philippines - Lactose And Lactose Syrup - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Philippines: Lactose Market Overview 2021

Lactose Market Size in the Philippines

In 2020, after two years of growth, there was significant decline in the Philippine lactose market, when its value decreased by -X% to $X. In general, consumption, however, saw temperate growth. The growth pace was the most rapid in 2010 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2019, and then fell in the following year.

Lactose Exports

Exports from the Philippines

In 2020, shipments abroad of lactose and lactose syrup decreased by -X% to X tonnes, falling for the second year in a row after three years of growth. Over the period under review, exports saw a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, lactose exports expanded remarkably to $X in 2020. In general, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Viet Nam (X tonnes) was the main destination for lactose exports from the Philippines, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Viet Nam totaled -X%.

In value terms, Viet Nam ($X) also remains the key foreign market for lactose exports from the Philippines.

From 2007 to 2020, the average annual rate of growth in terms of value to Viet Nam stood at -X%.

Export Prices by Country

The average lactose export price stood at $X per tonne in 2020, picking up by X% against the previous year. Overall, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the peak figure in 2020 and is expected to retain growth in years to come.

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

From 2007 to 2020, the rate of growth in terms of prices for Viet Nam amounted to +X% per year.

Lactose Imports

Imports into the Philippines

After two years of growth, overseas purchases of lactose and lactose syrup decreased by -X% to X tonnes in 2020. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Imports peaked at X tonnes in 2019, and then contracted modestly in the following year.

In value terms, lactose imports declined to $X in 2020. Over the period under review, imports, however, showed a notable expansion. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Imports peaked at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the U.S. (X tonnes) constituted the largest lactose supplier to the Philippines, accounting for a X% share of total imports. Moreover, lactose imports from the U.S. exceeded the figures recorded by the second-largest supplier, Lithuania (X tonnes), fivefold. Germany (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+X% per year) and Germany (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Lithuania (+X% per year).

Import Prices by Country

In 2020, the average lactose import price amounted to $X per tonne, which is down by -X% against the previous year. Overall, the import price recorded a noticeable curtailment. The growth pace was the most rapid in 2010 an increase of X% y-o-y. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices stood at a somewhat 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 Netherlands ($X per tonne), while the price for France ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lactose and lactose syrup in the world?
+
China (614K tonnes) constituted the country with the largest volume of lactose consumption, comprising approx. 26% of total volume. Moreover, lactose consumption in China exceeded the figures recorded by the second-largest consumer, India (250K tonnes), twofold. The U.S. (159K tonnes) ranked third in terms of total consumption with a 6.8% share.
What are the largest producers of lactose and lactose syrup in the world?
+
The countries with the highest volumes of lactose production in 2020 were the U.S. (533K tonnes), China (502K tonnes) and Germany (307K tonnes), with a combined 60% share of global production. India, the Netherlands, France, Turkey, Denmark, the UK, Italy and Taiwan (Chinese) lagged somewhat behind, together comprising a further 26%.
What are the leading suppliers of lactose and lactose syrup to the Philippines?
+
In value terms, the U.S. ($13M) constituted the largest supplier of lactose to the Philippines, comprising 54% of total imports. The second position in the ranking was occupied by Germany ($3.1M), with a 13% share of total imports. It was followed by Lithuania, with a 10% share.
What are the leading importers of lactose and lactose syrup from the Philippines?
+
In value terms, Viet Nam ($11K) remains the key foreign market for lactose exports from the Philippines.
What is the average export price for lactose and lactose syrup in the Philippines?
+
In 2020, the average lactose export price amounted to $4,281 per tonne, surging by 50% against the previous year.
What is the average import price for lactose and lactose syrup in the Philippines?
+
In 2020, the average lactose import price amounted to $1,045 per tonne, with a decrease of -1.7% against the previous year.

Product coverage:
• Prodcom 10515400 - Lactose and lactose syrup (including chemically pure lactose)

This report provides an in-depth analysis of the lactose 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 2007–2020
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:
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, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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