Philippines: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in the Philippines

The Philippine whole fresh milk market skyrocketed to $X in 2022, rising by 31% against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +9.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Whole fresh milk consumption peaked in 2022 and is expected to retain growth in the immediate term.

Whole Fresh Milk Production in the Philippines

In value terms, whole fresh milk production expanded remarkably to $X in 2022 estimated in export price. In general, production, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 107% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Whole Fresh Milk Exports

Exports from the Philippines

In 2022, after two years of growth, there was significant decline in shipments abroad of whole fresh milk, when their volume decreased by -47.6% to X tons. In general, exports saw a sharp slump. The most prominent rate of growth was recorded in 2014 when exports increased by 14,895% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, whole fresh milk exports fell rapidly to $X in 2022. Over the period under review, exports saw a precipitous setback. The pace of growth appeared the most rapid in 2014 with an increase of 30,563%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Qatar (X tons) was the main destination for whole fresh milk exports from the Philippines, accounting for a 53% share of total exports. Moreover, whole fresh milk exports to Qatar exceeded the volume sent to the second major destination, Bahrain (X kg), threefold. The third position in this ranking was taken by the United Arab Emirates (X kg), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar amounted to +225.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+13.5% per year) and the United Arab Emirates (+20.4% per year).

In value terms, Qatar ($X) emerged as the key foreign market for whole fresh milk exports from the Philippines, comprising 53% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 19% share of total exports. It was followed by the United Arab Emirates, with an 18% share.

From 2012 to 2022, the average annual growth rate of value to Qatar amounted to +127.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+15.1% per year) and the United Arab Emirates (+12.0% per year).

Export Prices by Country

In 2022, the average whole fresh milk export price amounted to $X per ton, waning by -13.1% against the previous year. In general, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 104%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Bahrain ($X per ton) and Hong Kong SAR ($X per ton), while the average price for exports to Qatar ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+1.4%), while the prices for the other major destinations experienced a decline.

Whole Fresh Milk Imports

Imports into the Philippines

After two years of decline, overseas purchases of whole fresh milk increased by 27% to X tons in 2022. In general, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 61% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, whole fresh milk imports skyrocketed to $X in 2022. Over the period under review, imports posted a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 62% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

New Zealand (X tons), Australia (X tons) and Germany (X tons) were the main suppliers of whole fresh milk imports to the Philippines, with a combined 61% share of total imports. Poland, Bangladesh, Denmark, Belgium and Thailand lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +187.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest whole fresh milk suppliers to the Philippines were New Zealand ($X), Australia ($X) and Germany ($X), together accounting for 61% of total imports. Poland, Bangladesh, Denmark, Belgium and Thailand lagged somewhat behind, together comprising a further 31%.

Bangladesh, with a CAGR of +217.3%, recorded the highest growth rate of 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

The average whole fresh milk import price stood at $X per ton in 2022, growing by 8.2% against the previous year. Overall, the import price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2014 when the average import price increased by 11%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a 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 Australia ($X per ton) and Poland ($X per ton), while the price for Thailand ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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