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Philippines - Dairy Spreads - Market Analysis, Forecast, Size, Trends and Insights
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Dairy Spread Market Size in the Philippines
The Philippine dairy spread market reduced modestly to $X in 2022, waning by -3.1% against the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Dairy spread consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.
Dairy Spread Production in the Philippines
In value terms, dairy spread production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 55% against the previous year. Dairy spread production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.
Dairy Spread Exports
Exports from the Philippines
For the third consecutive year, the Philippines recorded decline in shipments abroad of dairy spreads, which decreased by -19.5% to X tons in 2022. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 2,732% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, dairy spread exports reduced slightly to $X in 2022. In general, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 2,713%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Exports by Country
Malaysia (X tons) was the main destination for dairy spread exports from the Philippines, accounting for a 66% share of total exports. Moreover, dairy spread exports to Malaysia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sixfold. Australia (X tons) ranked third in terms of total exports with a 7.1% share.
From 2013 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at +92.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+22.4% per year) and Australia (+66.3% per year).
In value terms, Malaysia ($X) remains the key foreign market for dairy spreads exports from the Philippines, comprising 66% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total exports. It was followed by Australia, with a 7.1% share.
From 2013 to 2022, the average annual rate of growth in terms of value to Malaysia amounted to +95.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+30.3% per year) and Australia (+88.7% per year).
Export Prices by Country
The average dairy spread export price stood at $X per ton in 2022, increasing by 22% against the previous year. In general, export price indicated strong growth from 2013 to 2022: its price increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dairy spread export price increased by +101.2% against 2016 indices. The growth pace was the most rapid in 2017 when the average export price increased by 30%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per ton) and Malaysia ($X per ton), while the average price for exports to the United States ($X per ton) and Kuwait ($X per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.
Dairy Spread Imports
Imports into the Philippines
Dairy spread imports into the Philippines soared to X tons in 2022, growing by 96% compared with the previous year. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2019 when imports increased by 74,922% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.
In value terms, dairy spread imports skyrocketed to $X in 2022. In general, imports showed a significant expansion. The growth pace was the most rapid in 2019 when imports increased by 94,835%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.
Imports by Country
In 2022, China (X tons) was the main dairy spread supplier to the Philippines, accounting for a 97% share of total imports. It was followed by Ireland (X kg), with a 2.3% share of total imports.
From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +848.2%.
In value terms, China ($X) constituted the largest supplier of dairy spreads to the Philippines, comprising 97% of total imports. The second position in the ranking was taken by Ireland ($X), with a 2.3% share of total imports.
From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +1,061.7%.
Import Prices by Country
In 2022, the average dairy spread import price amounted to $X per ton, picking up by 23% against the previous year. Overall, the import price showed a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of 568% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Ireland stood at $X per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+73.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the dairy spread 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 10513070 - Dairy spreads of a fat content by weight < .80 %
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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