Meat imports of the Philippines in 11 months of 2021 increased by 32%

Published 2022년 1월 6일

Tridge summary

The Philippines saw a significant increase in pork imports in the first 11 months of 2021, with a volume of 520,932,058 tonnes, nearly doubling that of the previous year. This surge is attributed to lower import taxes and government programs aimed at addressing domestic supply issues and high prices. Spain, Canada, and the United States were the leading suppliers of pork products. Chicken imports were relatively stable, with Brazil and the United States as the main suppliers. However, beef and buffalo meat imports experienced a decline in the same period.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pork is the most imported item to the Philippines market, accounting for 47.73% of the total volume of imported meat of all kinds. Pork imports in the first 11 months of 2021 more than doubled to 520,932,058 tonnes, compared with 231,140,247 tonnes in the same period of 2020. Pork imports are the main driver contributing to the sharp increase in total meat imports in 2021 due to lower import taxes and government import-enhancing programs aimed at addressing domestic supply shortages and preventing high prices. increase. According to BAI data, imports of pork cutlets and pork skin, which are part of the Philippine government's import quotas (MAV) program, reached 203,919,572 tons and 52,724,742 tons, respectively. Pork imported under the MAV program is subject to a lower tax rate than imports outside the MAV program or outside the quota. Imports of pig offal reached 172,115,363 tons, while imports of pork fat reached 59,517,911 tons. Spain was the top supplier of pork products ...
Source: Vinanet

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.