Philippines: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in the Philippines

The Philippine market for salted, dried or smoked meat, and offal reduced to $X in 2022, approximately reflecting the previous year. Over the period under review, consumption showed a abrupt shrinkage. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Salted, Dried or Smoked Meat, and Offal in the Philippines

In value terms, production of salted, dried or smoked meat, and offal declined to $X in 2022 estimated in export price. Over the period under review, production saw a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from the Philippines

In 2022, the amount of salted, dried or smoked meat, and offal exported from the Philippines dropped significantly to X tons, shrinking by X% against the previous year. Overall, exports recorded a dramatic slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of salted, dried or smoked meat, and offal shrank sharply to $X in 2022. In general, exports faced a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for exports of salted, dried or smoked meat, and offal from the Philippines, accounting for a X% share of total exports. Moreover, exports of salted, dried or smoked meat, and offal to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Qatar stood at X%.

In value terms, the largest markets for salted, dried or smoked meat, and offal exported from the Philippines were Qatar ($X) and the United Arab Emirates ($X).

Among the main countries of destination, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average export price for salted, dried or smoked meat, and offal amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Qatar stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%).

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into the Philippines

Imports of salted, dried or smoked meat, and offal into the Philippines fell to X tons in 2022, reducing by X% compared with 2021 figures. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of salted, dried or smoked meat, and offal expanded sharply to $X in 2022. Overall, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

The United States (X tons), Denmark (X tons) and Italy (X tons) were the main suppliers of imports of salted, dried or smoked meat, and offal to the Philippines, together accounting for X% of total imports. France and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), France ($X) and the United States ($X) appeared to be the largest salted, dried or smoked meat, and offal suppliers to the Philippines, together accounting for X% of total imports.

In terms of the main suppliers, France, with a CAGR of X%, saw the highest growth rate of 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 2022, the average import price for salted, dried or smoked meat, and offal amounted to $X per ton, picking up by X% against the previous year. In general, the import price enjoyed resilient growth. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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