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

Meat Market Size in the Philippines

For the fourth year in a row, the Philippine meat market recorded growth in sales value, which increased by X% to $X in 2019. Overall, the total consumption indicated measured 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 2009 indices. The most prominent rate of growth was recorded in 2010 when the market value increased by X% year-to-year. Meat consumption peaked in 2019 and is expected to retain growth in the near future.

Meat Production in the Philippines

In value terms, meat production expanded sharply to $X in 2019 estimated in export prices. Over the period under review, the total production indicated a remarkable increase 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, production increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2010 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs in 2019 and is likely to continue growth in the immediate term.

In 2019, the average meat yield in the Philippines was estimated at X kg per head, remaining stable against the previous year. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X% y-o-y. Over the period under review, the average meat yield reached the maximum level at X kg per head in 2016; however, from 2017 to 2019, the yield failed to regain the momentum.

In 2019, approx. X heads of animals slaughtered for meat production in the Philippines; approximately mirroring the previous year's figure. This number increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the number of producing animals increased by X% year-to-year. The number of animals slaughtered for meat production peaked in 2019 and is likely to see gradual growth in years to come.

Meat Exports

Exports from the Philippines

In 2019, the amount of meat exported from the Philippines shrank to X tonnes, reducing by -X% compared with the previous year. Overall, exports, however, showed slight growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes. From 2014 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, meat exports contracted to $X in 2019. In general, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Qatar (X tonnes) was the main destination for meat exports from the Philippines, with a X% share of total exports. Moreover, meat exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X tonnes), twofold.

From 2007 to 2019, the average annual growth rate of volume to Qatar stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Taiwan (Chinese) (-X% per year).

In value terms, Qatar ($X) remains the key foreign market for meat exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Qatar stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Taiwan (Chinese) (-X% per year).

Export Prices by Country

In 2019, the average meat export price amounted to $X per tonne, picking up by X% against the previous year. In general, export price indicated measured 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, meat export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 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 the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to Taiwan (Chinese) ($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.

Meat Imports

Imports into the Philippines

In 2019, after two years of growth, there was significant decline in overseas purchases of meat, when their volume decreased by -X% to X tonnes. In general, total imports indicated measured growth from 2007 to 2019: its volume 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. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2018, and then reduced in the following year.

In value terms, meat imports reduced to $X in 2019. Over the period under review, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at $X in 2018, and then declined in the following year.

Imports by Country

Brazil (X tonnes), Canada (X tonnes) and India (X tonnes) were the main suppliers of meat imports to the Philippines, together accounting for X% of total imports. These countries were followed by the U.S., Australia, Germany, France and Ireland, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest meat suppliers to the Philippines were Brazil ($X), Australia ($X) and India ($X), together comprising X% of total imports. These countries were followed by the U.S., Canada, Ireland, Germany and France, which together accounted for a further X the main suppliers, Ireland (+X% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average meat import price amounted to $X per tonne, remaining stable against the previous year. Over the period under review, import price indicated perceptible 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, meat import price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% year-to-year. The import price peaked in 2019 and is likely to see gradual growth in the immediate term.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Ireland, 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 meat in the world?
+
China (71M tonnes) remains the largest meat consuming country worldwide, comprising approx. 33% of total volume. Moreover, meat consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (23M tonnes), threefold. Brazil (12M tonnes) ranked third in terms of total consumption with a 5.4% share.
What are the largest producers of meat in the world?
+
China (68M tonnes) remains the largest meat producing country worldwide, accounting for 31% of total volume. Moreover, meat production in China exceeded the figures recorded by the second-largest producer, the U.S. (25M tonnes), threefold. Brazil (14M tonnes) ranked third in terms of total production with a 6.4% share.
What are the leading suppliers of meat to the Philippines?
+
In value terms, Brazil ($120M), Australia ($105M) and India ($94M) constituted the largest meat suppliers to the Philippines, with a combined 53% share of total imports. The U.S., Canada, Ireland, Germany and France lagged somewhat behind, together accounting for a further 40%.
What are the leading importers of meat from the Philippines?
+
In value terms, Qatar ($514K) remains the key foreign market for meat exports from the Philippines, comprising 65% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($249K), with a 31% share of total exports.
What is the average export price for meat in the Philippines?
+
The average meat export price stood at $4,031 per tonne in 2019, rising by 6.5% against the previous year.
What is the average import price for meat in the Philippines?
+
The average meat import price stood at $2,701 per tonne in 2019, flattening at the previous year.

Product coverage:
• FCL 1108 - Meat of asses
• FCL 947 - Buffalo meat
• FCL 1127 - Meat of camels
• FCL 867 - Meat of cattle
• FCL 870 - Meat of cattle, boneless
• FCL 1017 - Goat meat
• FCL 1097 - Horse meat
• FCL 1111 - Meat of mules
• FCL 1158 - Meat of other domestic camelids
• FCL 1151 - Meat of other domestic rodents
• FCL 1035 - Pig meat
• FCL 1141 - Rabbit meat
• FCL 977 - Meat of sheep

This report provides an in-depth analysis of the meat 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
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 2007–2020
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:
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, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Producing Animals Slaughtered, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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