Canned Food Market in the Philippines
Market Overview
The Philippine canned food market shrank to $
in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a resilient expansion. Over the period under review, the market reached the maximum level at $ in 2019; however, from to , consumption remained at a lower figure.
In value terms, canned food production shrank to $ in estimated in export price. In general, production, however, enjoyed buoyant growth. The growth pace was the most rapid in 2015 when the production volume increased by %. Over the period under review, production attained the peak level at $ in 2019; however, from to , production failed to regain momentum.
in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a resilient expansion. Over the period under review, the market reached the maximum level at $ in 2019; however, from to , consumption remained at a lower figure.In value terms, canned food production shrank to $
in estimated in export price. In general, production, however, enjoyed buoyant growth. The growth pace was the most rapid in 2015 when the production volume increased by %. Over the period under review, production attained the peak level at $ in 2019; however, from to , production failed to regain momentum.Consumption
Canned food consumption in the Philippines shrank to tons in , reducing by -% on the year before. In general, consumption, however, enjoyed a measured increase. Over the period under review, consumption hit record highs at tons in 2019; however, from to , consumption remained at a lower figure.
The value of the canned food market in the Philippines dropped to $ in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a buoyant expansion. Canned food consumption peaked at $ in 2019; however, from to , consumption remained at a lower figure.
tons in , reducing by -% on the year before. In general, consumption, however, enjoyed a measured increase. Over the period under review, consumption hit record highs at tons in 2019; however, from to , consumption remained at a lower figure.The value of the canned food market in the Philippines dropped to $
in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a buoyant expansion. Canned food consumption peaked at $ in 2019; however, from to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for canned food in the Philippines, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, the share of imports in terms of total canned food consumption in the Philippines was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the the Philippines canned food market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
% figure. In value terms the share of imports also stood at a low figure, which means that the the Philippines canned food market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
The Philippines remains a net exporter of canned food; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
Download XLSX
Download all the data in the form of a report