Report Philippines - Prepared or Preserved Meat or Offal of Turkeys - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Aug 8, 2022

Philippines - Prepared or Preserved Meat or Offal of Turkeys - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Preserved Turkey Market 2022

Preserved Turkey Market Size in the Philippines

The Philippine preserved turkey market expanded significantly to $X in 2021, growing by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Preserved turkey consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Preserved Turkey Production in the Philippines

In value terms, preserved turkey production totaled $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Preserved Turkey Exports

Exports from the Philippines

In 2021, overseas shipments of prepared or preserved meat or offal of turkeys increased by X% to X tons, rising for the third year in a row after four years of decline. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, preserved turkey exports soared to $X in 2021. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for preserved turkey exports from the Philippines, accounting for a X% share of total exports. Moreover, preserved turkey exports to the United Arab Emirates exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), sixfold. The third position in this ranking was held by Bahrain (X kg), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Bahrain (+X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for preserved turkey exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with an X% share of total exports. It was followed by Bahrain, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Bahrain (+X% per year).

Export Prices by Country

The average preserved turkey export price stood at $X per ton in 2021, with a decrease of -X% against the previous year. Overall, the export price saw a noticeable reduction. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Turkey Imports

Imports into the Philippines

In 2021, the amount of prepared or preserved meat or offal of turkeys imported into the Philippines declined sharply to X tons, with a decrease of -X% against the year before. In general, imports saw a dramatic downturn. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved turkey imports shrank significantly to $X in 2021. Overall, imports faced a sharp downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) was the main preserved turkey supplier to the Philippines, accounting for a X% share of total imports. Moreover, preserved turkey imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and the United States (-X% per year).

In value terms, Spain ($X) constituted the largest supplier of preserved turkey to the Philippines, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and the United States (-X% per year).

Import Prices by Country

In 2021, the average preserved turkey import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved turkey import price increased by +X% against 2014 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for prepared or preserved meat or offal of turkeys in the world?
+
China remains the largest preserved turkey consuming country worldwide, accounting for 21% of total volume. Moreover, preserved turkey consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was taken by the United States, with a 4.9% share.
What are the largest producers of prepared or preserved meat or offal of turkeys in the world?
+
The country with the largest volume of preserved turkey production was China, accounting for 21% of total volume. Moreover, preserved turkey production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was taken by the United States, with a 5% share.
What are the leading suppliers of prepared or preserved meat or offal of turkeys to the Philippines?
+
In value terms, Spain constituted the largest supplier of preserved turkey to the Philippines, comprising 86% of total imports. The second position in the ranking was taken by Italy, with a 10% share of total imports.
What are the leading importers of prepared or preserved meat or offal of turkeys from the Philippines?
+
In value terms, the United Arab Emirates emerged as the key foreign market for preserved turkey exports from the Philippines, comprising 81% of total exports. The second position in the ranking was held by Hong Kong SAR, with an 11% share of total exports. It was followed by Bahrain, with a 5.8% share.
What is the average export price for prepared or preserved meat or offal of turkeys in the Philippines?
+
The average preserved turkey export price stood at $3,246 per ton in 2021, waning by -6.2% against the previous year.
What is the average import price for prepared or preserved meat or offal of turkeys in the Philippines?
+
The average preserved turkey import price stood at $6,144 per ton in 2021, picking up by 51% against the previous year.

This report provides an in-depth analysis of the preserved turkey 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 2030.


Product coverage:
• Prodcom 10131525 - Prepared or preserved meat or offal of turkeys (excluding sausages, preparations of liver and prepared meals and dishes)
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

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 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
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 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
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, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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