Philippines: Yoghurt Market 2025

Yoghurt Market Size in the Philippines

In 2022, after two years of growth, there was significant decline in the Philippine yoghurt market, when its value decreased by -8.7% to $X. Overall, consumption continues to indicate a slight curtailment. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Yoghurt Exports

Exports from the Philippines

In 2022, yoghurt exports from the Philippines declined significantly to X tons, with a decrease of -15.4% on the year before. In general, exports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2015 when exports increased by 3,167%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, yoghurt exports dropped rapidly to $X in 2022. Over the period under review, exports faced a precipitous curtailment. The growth pace was the most rapid in 2015 with an increase of 2,853% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for yoghurt exports from the Philippines, with a 50% share of total exports. Moreover, yoghurt exports to Qatar exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. Kuwait (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Qatar totaled +42.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+70.3% per year) and Kuwait (-22.1% per year).

In value terms, Qatar ($X) remains the key foreign market for yoghurt exports from the Philippines, comprising 50% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 19% share of total exports. It was followed by Kuwait, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Qatar totaled +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+35.8% per year) and Kuwait (-17.9% per year).

Export Prices by Country

The average yoghurt export price stood at $X per ton in 2022, falling by -45.2% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 50% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to American Samoa ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Qatar ($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 Kuwait (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Yoghurt Imports

Imports into the Philippines

In 2022, purchases abroad of yoghurt decreased by -12.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports saw a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of 59%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, yoghurt imports dropped modestly to $X in 2022. In general, imports, however, recorded a mild expansion. The growth pace was the most rapid in 2015 when imports increased by 70%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), Thailand (X tons) and Indonesia (X tons) were the main suppliers of yoghurt imports to the Philippines, with a combined 71% share of total imports. Bangladesh, Germany, Australia and Malaysia lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +245.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Thailand ($X) and Indonesia ($X) constituted the largest yoghurt suppliers to the Philippines, together comprising 71% of total imports. Bangladesh, Germany, Australia and Malaysia lagged somewhat behind, together accounting for a further 23%.

Among the main suppliers, Bangladesh, with a CAGR of +259.3%, saw 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

The average yoghurt import price stood at $X per ton in 2022, increasing by 8.9% against the previous year. In general, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 51% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($X per ton) and Indonesia ($X per ton), while the price for Thailand ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :