Philippines - Rennet and Concentrates Thereof - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPhilippines: Rennet Market 2024
Rennet Market Size in the Philippines
The Philippine rennet market expanded sharply to $X in 2022, picking up by X% against the previous year. In general, consumption posted perceptible growth. Rennet consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.
Rennet Production in the Philippines
In value terms, rennet production rose sharply to $X in 2022 estimated in export price. Over the period under review, production continues to indicate measured growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.
Rennet Exports
Exports from the Philippines
In 2022, rennet exports from the Philippines skyrocketed to X tons, growing by X% on the year before. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, rennet exports declined dramatically to $X in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank remarkably in the following year.
Exports by Country
Vietnam (X tons) was the main destination for rennet exports from the Philippines, with a approx. X% share of total exports.
From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam stood at X%.
In value terms, Vietnam ($X) also remains the key foreign market for rennet and concentrates thereof exports from the Philippines.
From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam amounted to X%.
Export Prices by Country
In 2022, the average rennet export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Vietnam.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to X% per year.
Rennet Imports
Imports into the Philippines
Rennet imports into the Philippines soared to X kg in 2022, picking up by X% compared with the previous year. In general, imports, however, recorded a sharp downturn. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.
In value terms, rennet imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a sharp slump. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.
Imports by Country
In 2022, Malaysia (X kg) constituted the largest supplier of rennet to the Philippines, with a X% share of total imports. Moreover, rennet imports from Malaysia exceeded the figures recorded by the second-largest supplier, Japan (X kg), more than tenfold.
From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Denmark (X% per year).
In value terms, Malaysia ($X) constituted the largest supplier of rennet and concentrates thereof to the Philippines, comprising X% of total imports. The second position in the ranking was held by Denmark ($X), with an X% share of total imports.
From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Japan (X% per year).
Import Prices by Country
In 2022, the average rennet import price amounted to $X per ton, surging by X% against the previous year. In general, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the rennet market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20146450 - Rennet and concentrates thereof
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
Recommended reports
This report provides an in-depth analysis of the rennet market in Asia.
This report provides an in-depth analysis of the rennet market in the U.S..
This report provides an in-depth analysis of the rennet market in China.
This report provides an in-depth analysis of the rennet market in the EU.
This report provides an in-depth analysis of the global rennet market.
- Market Research in the Philippines
- Rennet Price the Philippines
- Rennet Market
- Crude Glycerol Market
- Denatured Ethyl Alcohol Market
- Roasted Iron Pyrites Market
- Benzol Market
- Aromatic Hydrocarbon Mixtures Market
- Oils From Coal Tar Market
- Organo-Sulphur Compounds and Other Organo-Inorganic Compounds Market