Philippines: Beef Market 2025

Beef Market Size in the Philippines

The Philippine beef market was finally on the rise to reach $X in 2021, after five years of decline. Over the period under review, consumption, however, saw a slight contraction. Beef consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Beef Production in the Philippines

In value terms, beef production shrank markedly to $X in 2021 estimated in export price. Overall, production recorded a strong increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 946%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

The average yield of beef (cattle meat) in the Philippines fell slightly to X kg per head in 2021, remaining relatively unchanged against 2020 figures. Overall, the yield showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 0.9% against the previous year. Over the period under review, the average beef yield reached the maximum level at X kg per head in 2015; however, from 2016 to 2021, the yield stood at a somewhat lower figure.

In 2021, the number of animals slaughtered for beef production in the Philippines rose significantly to X heads, with an increase of 5.1% on the year before. In general, the number of producing animals saw a relatively flat trend pattern. Over the period under review, this number reached the peak level at X heads in 2016; however, from 2017 to 2021, producing animals failed to regain momentum.

Beef Exports

Exports from the Philippines

Beef exports from the Philippines reduced notably to X tons in 2021, shrinking by -43.9% compared with the year before. Overall, exports, however, saw a modest increase. The most prominent rate of growth was recorded in 2020 when exports increased by 151% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, beef exports reduced slightly to $X in 2021. Over the period under review, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 287% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

The United Arab Emirates (X tons), Brunei Darussalam (X tons) and India (X tons) were the main destinations of beef exports from the Philippines, together accounting for 88% of total exports. These countries were followed by Qatar and Japan, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +118.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for beef (cattle meat) exports from the Philippines, comprising 54% of total exports. The second position in the ranking was held by Brunei Darussalam ($X), with a 14% share of total exports. It was followed by Japan, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +250.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+109.6% per year) and Japan (+120.3% per year).

Export Prices by Country

The average beef export price stood at $X per ton in 2021, growing by 70% against the previous year. Overall, the export price enjoyed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Brunei Darussalam ($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 Japan (+203.2%), while the prices for the other major destinations experienced more modest paces of growth.

Beef Imports

Imports into the Philippines

In 2021, after two years of decline, there was significant growth in purchases abroad of beef (cattle meat), when their volume increased by 28% to X tons. Overall, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 33% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, beef imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 42% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Brazil (X tons), India (X tons) and Australia (X tons) were the main suppliers of beef imports to the Philippines, together comprising 68% of total imports. These countries were followed by Ireland, the United States, New Zealand and the Netherlands, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +42.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest beef suppliers to the Philippines were Brazil ($X), India ($X) and Australia ($X), with a combined 71% share of total imports. Ireland, the United States, New Zealand and the Netherlands lagged somewhat behind, together comprising a further 16%.

The Netherlands, with a CAGR of +52.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average beef import price amounted to $X per ton, increasing by 6.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2017 an increase of 7.9%. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for the Netherlands ($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 Netherlands (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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