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Philippines - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Overview of the Market for Lamb And Sheep Meat 2021

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Market Size for Lamb And Sheep Meat in the Philippines

For the fourth consecutive year, the Philippine lamb and sheep meat market recorded growth in sales value, which increased by X% to $X in 2019. In general, the total consumption indicated strong growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2014 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs in 2019 and is likely to see steady growth in years to come.

Production of Lamb And Sheep Meat in the Philippines

In value terms, lamb and sheep meat production stood at $X in 2019 estimated in export prices. Over the period under review, production showed a prominent increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% year-to-year. Over the period under review, production reached the peak level in 2019 and is likely to see steady growth in the near future.

In 2019, the average lamb and sheep meat yield in the Philippines stood at X kg per head, approximately mirroring the year before. Over the period under review, the yield saw a relatively flat trend pattern. The lamb and sheep meat yield peaked at X kg per head in 2007; afterwards, it flattened through to 2019.

The number of animals slaughtered for lamb and sheep meat production in the Philippines shrank modestly to X heads in 2019, almost unchanged from the previous year. In general, the number of producing animals recorded a relatively flat trend pattern. Over the period under review, this number reached the peak level at X heads in 2007; afterwards, it flattened through to 2019.

Exports of Lamb And Sheep Meat

Exports from the Philippines

For the ninth consecutive year, the Philippines recorded decline in shipments abroad of lamb and sheep meat, which decreased by -X% to X kg in 2019. Overall, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2010 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 2019, exports stood at a somewhat lower figure.

In value terms, lamb and sheep meat exports fell to $X in 2019. Over the period under review, exports continue to indicate a sharp descent. Over the period under review, exports attained the maximum at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

Finland (X kg) was the main destination for lamb and sheep meat exports from the Philippines, with a X% share of total exports. Moreover, lamb and sheep meat exports to Finland exceeded the volume sent to the second major destination, the Netherlands (X kg), sixfold.

From 2007 to 2019, the average annual growth rate of volume to Finland amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and Canada (X% per year).

In value terms, Finland ($X) remains the key foreign market for lamb and sheep meat exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to Finland stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and Canada (X% per year).

Export Prices by Country

In 2019, the average lamb and sheep meat export price amounted to $X per tonne, remaining stable against the previous year. Over the period under review, the export price posted resilient growth. The pace of growth was the most pronounced in 2011 when the average export price increased by X% against the previous year. The export price peaked in 2019 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Finland ($X per tonne), while the average price for exports to the Netherlands ($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 Finland, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lamb And Sheep Meat

Imports into the Philippines

In 2019, purchases abroad of lamb and sheep meat was finally on the rise to reach X tonnes after two years of decline. Overall, total imports indicated a modest expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, imports attained the peak of X tonnes. From 2015 to 2019, the growth imports remained at a lower figure.

In value terms, lamb and sheep meat imports surged to $X in 2019. In general, imports posted a strong increase. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Over the period under review, imports attained the maximum in 2019 and are likely to see gradual growth in years to come.

Imports by Country

In 2019, Australia (X tonnes) constituted the largest lamb and sheep meat supplier to the Philippines, accounting for a X% share of total imports. Moreover, lamb and sheep meat imports from Australia exceeded the figures recorded by the second-largest supplier, New Zealand (X tonnes), tenfold.

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

In value terms, Australia ($X) constituted the largest supplier of lamb and sheep meat to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total imports.

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

Import Prices by Country

The average lamb and sheep meat import price stood at $X per tonne in 2019, rising by X% against the previous year. Over the period under review, import price indicated strong growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, lamb and sheep meat import price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. The import price peaked in 2019 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was New Zealand ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by New Zealand, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lamb and sheep meat in the world?
+
China (2.8M tonnes) constituted the country with the largest volume of lamb and sheep meat consumption, accounting for 28% of total volume. Moreover, lamb and sheep meat consumption in China exceeded the figures recorded by the second-largest consumer, Turkey (390K tonnes), sevenfold. The third position in this ranking was occupied by Sudan (387K tonnes), with a 3.9% share.
What are the largest producers of lamb and sheep meat in the world?
+
China (2.5M tonnes) constituted the country with the largest volume of lamb and sheep meat production, comprising approx. 25% of total volume. Moreover, lamb and sheep meat production in China exceeded the figures recorded by the second-largest producer, Australia (732K tonnes), threefold. New Zealand (449K tonnes) ranked third in terms of total production with a 4.5% share.
What are the leading suppliers of lamb and sheep meat to the Philippines?
+
In value terms, Australia ($5.6M) constituted the largest supplier of lamb and sheep meat to the Philippines, comprising 88% of total imports. The second position in the ranking was occupied by New Zealand ($624K), with a 9.8% share of total imports.
What are the leading importers of lamb and sheep meat from the Philippines?
+
In value terms, Finland ($917) remains the key foreign market for lamb and sheep meat exports from the Philippines, comprising 85% of total exports. The second position in the ranking was occupied by the Netherlands ($100), with a 9.3% share of total exports.
What is the average export price for lamb and sheep meat in the Philippines?
+
In 2019, the average lamb and sheep meat export price amounted to $10,686 per tonne, remaining stable against the previous year.
What is the average import price for lamb and sheep meat in the Philippines?
+
In 2019, the average lamb and sheep meat import price amounted to $8,403 per tonne, rising by 16% against the previous year.

Product coverage:
• FCL 977 - Meat of sheep

This report provides an in-depth analysis of the market for lamb and sheep meat 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 2007–2019
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:
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, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Producing Animals Slaughtered, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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