Philippines: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in the Philippines

The Philippine whole fresh milk market soared to $X in 2022, surging by X% against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Whole Fresh Milk Production in the Philippines

In value terms, whole fresh milk production expanded markedly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Whole Fresh Milk Exports

Exports from the Philippines

After two years of growth, shipments abroad of whole fresh milk decreased by X% to X tons in 2022. Over the period under review, exports faced a sharp setback. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, whole fresh milk exports dropped notably to $X in 2022. In general, exports saw a significant curtailment. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for whole fresh milk exports from the Philippines, with a X% share of total exports. Moreover, whole fresh milk exports to Qatar exceeded the volume sent to the second major destination, Bahrain (X kg), threefold. The United Arab Emirates (X kg) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and the United Arab Emirates (X% per year).

In value terms, Qatar ($X) emerged as the key foreign market for whole fresh milk exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Qatar totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average whole fresh milk export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Bahrain ($X per ton) and Hong Kong SAR ($X per ton), while the average price for exports to Qatar ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, 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 a decline.

Whole Fresh Milk Imports

Imports into the Philippines

In 2022, purchases abroad of whole fresh milk was finally on the rise to reach X tons after two years of decline. In general, imports showed a strong expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, whole fresh milk imports surged to $X in 2022. Overall, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

New Zealand (X tons), Australia (X tons) and Germany (X tons) were the main suppliers of whole fresh milk imports to the Philippines, with a combined X% share of total imports. Poland, Bangladesh, Denmark, Belgium and Thailand 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 Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Australia ($X) and Germany ($X) constituted the largest whole fresh milk suppliers to the Philippines, together comprising X% of total imports. Poland, Bangladesh, Denmark, Belgium and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Bangladesh, with a CAGR of X%, 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

The average whole fresh milk import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable downturn. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($X per ton) and Poland ($X per ton), while the price for Thailand ($X per ton) and Belgium ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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