Philippines: Canned Meat Market 2025

Canned Meat Market Size in the Philippines

After five years of growth, the Philippine canned meat market decreased by -7.6% to $X in 2021. In general, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +54.4% against 2015 indices. Canned meat consumption peaked at $X in 2020, and then shrank in the following year.

Canned Meat Production in the Philippines

In value terms, canned meat production declined to $X in 2021 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +56.9% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 33%. Over the period under review, production reached the peak level at $X in 2020, and then fell in the following year.

Canned Meat Exports

Exports from the Philippines

In 2021, canned meat exports from the Philippines soared to X tons, rising by 45% against the year before. Over the period under review, exports, however, showed a abrupt shrinkage. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, canned meat exports surged to $X in 2021. In general, exports, however, saw a noticeable setback. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Japan (X tons) and Qatar (X tons) were the main destinations of canned meat exports from the Philippines, with a combined 77% share of total exports. These countries were followed by Australia, Bahrain, Hong Kong SAR, Brunei Darussalam, Taiwan (Chinese), Kuwait and Kiribati, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Kiribati (with a CAGR of +32.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for canned meat exported from the Philippines were the United Arab Emirates ($X), Japan ($X) and Qatar ($X), with a combined 79% share of total exports. Australia, Bahrain, Hong Kong SAR, Brunei Darussalam, Kiribati, Taiwan (Chinese) and Kuwait lagged somewhat behind, together accounting for a further 17%.

Among the main countries of destination, Kiribati, with a CAGR of +33.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average canned meat export price stood at $X per ton in 2021, with an increase of 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2019 an increase of 17% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Kuwait ($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 Saudi Arabia (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Meat Imports

Imports into the Philippines

In 2021, approx. X tons of canned meat were imported into the Philippines; jumping by 49% compared with 2020. In general, total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, canned meat imports soared to $X in 2021. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 302% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

The United States (X tons), China (X tons) and Australia (X tons) were the main suppliers of canned meat imports to the Philippines, together accounting for 84% of total imports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +110.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Australia ($X) were the largest canned meat suppliers to the Philippines, together accounting for 88% of total imports.

Among the main suppliers, Australia, with a CAGR of +125.9%, recorded the highest growth rate of 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

In 2021, the average canned meat import price amounted to $X per ton, dropping by -4.8% against the previous year. Over the period under review, the import price, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2015 when the average import price increased by 482% against the previous year. The import price peaked at $X per ton in 2020, and then fell in the following year.

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 ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+39.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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