Philippines: Dairy and Products Annual
The Philippines imports virtually all of its dairy products, especially milk powder, as domestic production cannot meet the country’s dairy requirement of 1.955 million metric tons (MMT) liquid milk equivalent (LME), according to the National Dairy Authority (NDA). Total imports are estimated by NDA to increase to 1.85 MMT in 2016 from 1.80 MMT in 2015 on rapid expansion of the food processing sector and a global supply glut. Major suppliers are New Zealand (29 percent), the United States (29 percent), and Australia (eight percent). In 2015, the Philippines was the 6th largest market for U.S. dairy products by value at $251 million (down 40 percent from the prior year). Due to increasing global milk production and a sharp decline in prices, U.S. dairy exports are expected to decline 20 percent by value in 2016. U.S. dairy exports by volume remain flat.
