Key Market Indicators
The export of animal feed from the Philippines is projected to decline significantly, dropping from approximately 1.96 million kilograms in 2023 to around 1.09 million kilograms by 2028. This represents an average annual decrease of 9.3%. Since 2001, the Philippines has seen a steady decline in its supply of animal feed, averaging a 5.9% reduction each year. In the global rankings for 2023, the Philippines was positioned at number 75, with Senegal surpassing it with an export volume equal to the Philippines' 2023 figure of 1.96 million kilograms. Germany, Belgium, and the United States occupied the second, third, and fourth spots, respectively. In contrast, the import of animal feed into the Philippines is forecasted to rise. By 2028, imports are expected to reach 237 million kilograms, up from 215 million kilograms in 2023. This marks an average annual growth rate of 1.5%. Since 2001, the demand for animal feed in the Philippines has consistently increased, averaging a 1.7% year-on-year growth.
