Philippines Agribusiness Report

 Published On: Aug, 2016 |    No of Pages: 79 |  Published By: BMI Agribusiness | Format: PDF
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BMI View: We hold a positive view on the Philippines' agribusiness sector in the long term, given the country's potential for expansion into new sectors, such as palm oil. We particularly like the outlook for sugar mills and believe the livestock sector will continue to show healthy growth rates. The Philippines' vast consumption market along with some government support, will foster domestic and foreign investment and favour output expansion. However, backyard farming and infrastructure problems, especially transport costs, will continue to hamper the sector's growth. These inefficiencies will become increasingly crippling as South East Asia moves towards the ASEAN Economic Community, which is supposed to lead to trade and investment liberalisation in the region. Although the Philippines' government appears to have taken the measure of the challenge and is now supporting rice and sugar production, agriculture in the country remains uncompetitive. As such, the sector is at risk of low cost imports from its neighbours over the medium term.

Key Forecasts
-Sugar production growth to 2019/20: 21.0% to 2.8mn tonnes. Sugar production growth will be driven by improvements in yields. The government approved the Sugarcane Industry Development Act, which is aiming at diversifying the sugar sector towards more value-added products and will provide financing to farmers.
-Poultry production growth to 2019/20: 16.3% to 1.3mn tonnes. Poultry production will record steady but unspectacular growth. Growth will be driven by investment, both domestic and foreign.
-Milk production growth to 2019/20: 23.4% to 25,100 tonnes. Milk and other dairy production will remain very low in the Philippines, although it will record strong growth due to low base effects. The government is committed to increase domestic supply of liquid milk, via National Dairy Development Plan.

BMI Industry View ...... 7
SWOT .... 10
Agribusiness ...... 10
Industry Forecast ..... 12
Grains Outlook .. 12
Latest Updates .. 12
Table: Philippines - Grains Production And Consumption Outlook . . . 12
Table: Philippines - Risks To Grains Outlook . 13
Structural Trends ..... 13
Table: Grains Production & Consumption (Philippines 2013-2020) . . 16
Rice Outlook ...... 17
Latest Updates .. 17
Table: Philippines - Rice Production And Consumption Outlook . 17
Table: Philippines - Risks To Rice Outlook . . . . 18
Structural Trends ..... 18
Table: Rice Production & Consumption (Philippines 2013-2020) 22
Sugar Outlook .... 23
Latest Updates .. 23
Table: Philippines - Sugar Production And Consumption Outlook . . . . 24
Table: Philippines - Risks To Sugar Outlook . . 24
Latest Updates .. 24
Table: Sugar Production & Consumption (Philippines 2013-2020) . . . 29
Dairy Outlook .... 29
Latest Updates .. 29
Table: Philippines - Dairy Production And Consumption Outlook . . . . 30
Table: Philippines - Risks To Dairy Outlook . . 30
Structural Trends ..... 30
Table: Milk Production & Consumption (Philippines 2012-2020) 33
Livestock Outlook ...... 34
Latest Updates .. 34
Table: Philippines - Livestock Production And Consumption Outlook 35
Table: Philippines - Risks To Livestock Outlook . . . 35
Structural Trends ..... 36
Table: Poultry Production & Consumption (Philippines 2012-2020) . . 39
Commodities Price Analysis .. 40
Global - Global Commodities Strategy 40
Table: Select Commodities - Performance And BMI Forecasts . . . 40
Upstream Analysis ... 42
Asia GM Outlook 42
Table: Selected Countries - GM Crops Use (mn hectares) . . . 47
Asia Machinery Outlook .... 48
Table: Select Countries - Average Size Of Farms, Hectares . 53
Asia Fertiliser Outlook ...... 55
Downstream Analysis ..... 61
Food .. 61
Table: Food Consumption Indicators - Historical Data & Forecasts (Philippines 2012-2019) 62
Table: Confectionery Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Philippines 2012-2019) . . 64
Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts (Philippines 2014-2019) . . 65
Regional Overview ... 66
Competitive Landscape .. 72
Table: Major Agribusiness Companies . . . 72
Demographic Forecast ... 73
Table: Population Headline Indicators (Philippines 1990-2025) . 74
Table: Key Population Ratios (Philippines 1990-2025) . 74
Table: Urban/Rural Population & Life Expectancy (Philippines 1990-2025) . . . 75
Table: Population By Age Group (Philippines 1990-2025) . . 75
Table: Population By Age Group % (Philippines 1990-2025) . . . . 76
Methodology ...... 78
Industry Forecast Methodology 78
Sector-Specific Methodology .... 79
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