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Report Philippines - Goat Meat - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Philippines - Goat Meat - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Goat Meat Market 2024

Goat Meat Market Size in the Philippines

The Philippine goat meat market reduced to $X in 2022, with a decrease of -1.7% against the previous year. Overall, consumption continues to indicate a pronounced contraction. Goat meat consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Goat Meat Production in the Philippines

In value terms, goat meat production declined modestly to $X in 2022 estimated in export price. In general, production showed a perceptible decline. The pace of growth appeared the most rapid in 2014 with an increase of 16% against the previous year. Goat meat production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

The average yield of goat meat in the Philippines stood at X kg per head in 2022, flattening at the previous year's figure. Over the period under review, the yield continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 3.4%. As a result, the yield reached the peak level of X kg per head. From 2014 to 2022, the growth of the average goat meat yield failed to regain momentum.

The number of animals slaughtered for goat meat production in the Philippines declined modestly to X heads in 2022, almost unchanged from the year before. In general, the number of producing animals, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 4.8% against the previous year. The number of animals slaughtered for goat meat production peaked at X heads in 2018; however, from 2019 to 2022, producing animals remained at a lower figure.

Goat Meat Imports

Imports into the Philippines

For the third consecutive year, the Philippines recorded growth in overseas purchases of goat meat, which increased by 481% to X tons in 2014. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 917%. Over the period under review, imports reached the peak figure in 2014 and are likely to see steady growth in years to come.

In value terms, goat meat imports skyrocketed to $X in 2014. In general, imports showed significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 1,188% against the previous year. Imports peaked in 2014 and are likely to continue growth in the immediate term.

Imports by Country

In 2014, China (X tons) constituted the largest supplier of goat meat to the Philippines, accounting for a 73% share of total imports. Moreover, goat meat imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold.

From 2012 to 2014, the average annual growth rate of volume from China was relatively modest.

In value terms, Australia ($X) constituted the largest supplier of goat meat to the Philippines, comprising 79% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports.

From 2012 to 2014, the average annual growth rate of value from Australia stood at +455.9%.

Import Prices by Country

In 2014, the average goat meat import price amounted to $X per ton, which is down by -47.8% against the previous year. Overall, the import price saw a deep setback. The pace of growth was the most pronounced in 2013 an increase of 27% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2014, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2014, the most notable rate of growth in terms of prices was attained by Australia (+39.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China constituted the country with the largest volume of goat meat consumption, comprising approx. 38% of total volume. Moreover, goat meat consumption in China exceeded the figures recorded by the second-largest consumer, India, fourfold. The third position in this ranking was occupied by Pakistan, with an 8.2% share.
China remains the largest goat meat producing country worldwide, comprising approx. 38% of total volume. Moreover, goat meat production in China exceeded the figures recorded by the second-largest producer, India, fourfold. Pakistan ranked third in terms of total production with an 8.2% share.
In value terms, Australia constituted the largest supplier of goat meat to the Philippines.
In value terms, Qatar remains the key foreign market for goat meat exports from the Philippines.
In 2015, the average goat meat export price amounted to $1,865 per ton, declining by -8.8% against the previous year.
In 2021, the average goat meat import price amounted to $6,666 per ton, declining by -3.3% against the previous year.

This report provides an in-depth analysis of the goat meat 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:

  • FCL 1017 - Goat 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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