Lard and poultry fats market in the Philippines

Earlier Report Observations

The Philippine market for lard and poultry fats saw a substantial contraction from 2018 to 2023, with total volume falling from 30 thousand tons to 21 thousand tons. Domestic production mirrored this decline, dropping from 27 thousand tons to 20 thousand tons over the six-year period, while imports fluctuated before sharply decreasing after 2021.

In 2022, a slight rebound in production occurred alongside a continued market shrinkage due to plummeting imports. The livestock sector was influenced that year by African swine fever outbreaks in the region, which accelerated a shift from pig farming to broiler production. This move toward poultry altered the composition of fat supply, while the regulatory framework under the Livestock and Poultry Feeds Act governed feed manufacturing and quality.

By 2023, the market volume stabilized at approximately 21 thousand tons, with domestic output showing a modest recovery from its lowest point in 2021.

Production lard and poultry fats in the Philippines

In kind, 2017-2020, t

From 2017 to 2020, the Philippines was one of the world's leading producers of lard and poultry fats, ranking 26th globally by production volume.

Top producers of lard and poultry fats, 2017-2020

World map of production of lard and poultry fats, 2017-2020

Production of lard and poultry fats in the Philippines declined for the second year in a row. In 2020, the country produced 20,526 tonnes, representing a significant drop of 14.6% compared to the previous year. Over the period from 2017 to 2020, production fell by 22.2%, which translates to an average annual decrease of 8.0%. The highest production level was recorded in 2018 at 27,421 tonnes, with the largest year-on-year increase of 3.9% also occurring that year.

Annual dynamics of production in the Philippines in kind, 2017-2020, t

Exports lard and poultry fats from the Philippines

Market analysis indicates that the Philippines did not export any lard and poultry fats between 2017 and 2020.

Imports lard and poultry fats to the Philippines

Imports in kind, t

The market displayed considerable volatility during the observed period. The lowest import volume was recorded in 2017, while the highest was in 2018, with a peak-to-trough ratio of 5.1 times. In 2020, imports of lard and poultry fats into the Philippines reached 2,724 tonnes, marking a sharp increase of 105.8% compared to 2019. The maximum import volume was 2,817 tonnes in 2018. The largest decline occurred in 2019 with a drop of 53.0%, while the most substantial increase was in 2018 at 408.7%.

Annual dynamics of product's imports to the Philippines in kind, 2017-2020, t

Between 2017 and 2020, three key markets—Germany, Hong Kong, and France—collectively accounted for 87.5% of the Philippines' total imports of lard and poultry fats by volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to the Philippines in kind, 2017-2020

Imports in value, K $ US

The data shows irregular fluctuations, pointing to a volatile market environment. The minimum import value was recorded in 2017, and the maximum in 2018, with a 4.4-fold difference between these years. In 2020, the value of lard and poultry fats imported into the Philippines amounted to 1,494 thousand US dollars, which is 5.7% higher than in 2019. The peak value was 2,739 thousand US dollars in 2018. The largest decline was in 2019 at 48.4%, while the most significant increase occurred in 2018 with a rise of 341.7%.

Annual dynamics of product's imports to the Philippines in value, 2017-2020, K $ US

From 2017 to 2020, Germany, France, and Hong Kong were the primary sources of imports by value, together making up 87.6% of the total. Germany accounted for 41.4%, France for 33.5%, and Hong Kong for 12.7% of the Philippines' import value for lard and poultry fats.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to the Philippines in value, 2017-2020