Russian foreign economic activity review: Beef in the Philippine market

Published 2021년 6월 8일

Tridge summary

The Philippine market has a demand for beef ranging between 350-400 thousand tons annually, with over 100 thousand tons being imported. In 2020, 113.7 thousand tons of imports were received from Brazil, India, and Australia, accounting for more than two-thirds of the supply. Currently, Russia is not accessible for beef exports to the Philippines but is working to open the market, with an estimated annual export potential of 5 thousand tons. A detailed analysis of the Philippine beef market, the conditions and potential of supplies from Russia, the trade and distribution network, logistics, consumer preferences, and the impact of quotas, tariffs, and other charges is available in an electronic review.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Beef is a popular type of meat in the Philippine market, despite its low per capita consumption. The annual demand for beef in the country is 350-400 thousand tons, of which more than 100 thousand tons are imported from abroad. In 2020, the volume of imports was equal to 113.7 thousand tons, more than two thirds of supplies fell on three countries - Brazil, India and Australia. As of today, Russia does not have access to the Philippines for products obtained from the slaughter of cattle, but the Rosselkhoznadzor is working to open the market. The annual export potential of Russian beef supplies to the republic is estimated at the level of 5 thousand tons, taking into account the growing level of product consumption and high price competition. The review includes: analysis of the Philippines beef market; conditions and potential of supplies from Russia; ...

Source: Aemcx