Report Update Nov 1, 2024

Philippines - Frozen Hams, Shoulders and Cuts of Pig Meat - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Frozen Pork Cut Market 2024

Frozen Pork Cut Market Size in the Philippines

The Philippine frozen pork cut market reduced to $X in 2022, falling by -11.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a significant increase. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Frozen Pork Cut Exports

Exports from the Philippines

Frozen pork cut exports from the Philippines fell markedly to X kg in 2022, with a decrease of -50% compared with 2021. In general, exports continue to indicate a sharp setback. Over the period under review, the exports attained the maximum at X kg in 2021, and then fell dramatically in the following year.

In value terms, frozen pork cut exports shrank notably to $X in 2022. Over the period under review, exports faced a sharp contraction. The exports peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

The United Arab Emirates (X kg) was the main destination for frozen pork cut exports from the Philippines, accounting for a approx. 100% share of total exports.

From 2021 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +2,900.0%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for frozen hams, shoulders and cuts of pig meat exports from the Philippines.

From 2021 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +1,454.3%.

Export Prices by Country

The average frozen pork cut export price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2021 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -48.2% per year.

Frozen Pork Cut Imports

Imports into the Philippines

In 2022, imports of frozen hams, shoulders and cuts of pig meat into the Philippines declined to X tons, shrinking by -5.9% on 2021. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 422%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, frozen pork cut imports contracted to $X in 2022. In general, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 441% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Canada (X tons), Spain (X tons) and the UK (X tons) were the main suppliers of frozen pork cut imports to the Philippines, together accounting for 72% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +70.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of frozen hams, shoulders and cuts of pig meat to the Philippines, comprising 44% of total imports. The second position in the ranking was taken by Spain ($X), with a 19% share of total imports. It was followed by the UK, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from Canada stood at +24.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+65.1% per year) and the UK (+24.9% per year).

Import Prices by Country

In 2022, the average frozen pork cut import price amounted to $X per ton, dropping by -8.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 14%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Belgium ($X per ton) and Denmark ($X per ton), while the price for Spain ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen hams, shoulders and cuts of pig meat in the world?

The country with the largest volume of frozen pork cut consumption was China, accounting for 59% of total volume. Moreover, frozen pork cut consumption in China exceeded the figures recorded by the second-largest consumer, Germany, sixfold. Spain ranked third in terms of total consumption with a 7% share.

What are the largest producers of frozen hams, shoulders and cuts of pig meat in the world?

The countries with the highest volumes of frozen pork cut production in 2020 were Spain, Germany and the United States, with a combined 60% share of global production.

What are the leading suppliers of frozen hams, shoulders and cuts of pig meat to the Philippines?

In value terms, the largest frozen pork cut suppliers to the Philippines were the United States, Canada and Spain, with a combined 86% share of total imports. These countries were followed by the Netherlands, the UK, Brazil and Ireland, which together accounted for a further 9.8%.

What are the leading importers of frozen hams, shoulders and cuts of pig meat from the Philippines?

In value terms, the United Arab Emirates remains the key foreign market for frozen pork cut exports from the Philippines.

What is the average export price for frozen hams, shoulders and cuts of pig meat in the Philippines?

In 2020, the average frozen pork cut export price amounted to $5,054 per ton, rising by 3.6% against the previous year.

What is the average import price for frozen hams, shoulders and cuts of pig meat in the Philippines?

In 2020, the average frozen pork cut import price amounted to $1,640 per ton, surging by 3.9% against the previous year.

This report provides an in-depth analysis of the frozen pork cut 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 10113250 - Frozen hams, shoulders and cuts with bone in, of pig meat

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023