Red meat consumption in the Philippines is expected to rise in 2015 due to improving economy and a gradual shift to high-protein, trade group Meat and Livestock Australia said Thursday.
Meat and Livestock Australia is a trade group that supports and promotes the export of Australian beef and lamb. It said while global supply of beef was expected to decline 15 percent in 2015, demand in the Philippines would remain strong.
“Notwithstanding, demand in the Philippines can be sustained by the growing economy. But for countries where demand is flat, [Australian meat] exports might suffer a bit,” said MLA country manager Peter Paul Perez.
Philippine beef imports from Australia increased 27 percent in 2014 to 34,352 metric tons; lamb imports by 18 percent to 566 MT; and mutton by 73 percent to 62 MT.
The said other branded red meat suppliers also entered the Philippine market, “a proof that Philippines is now a maturing market for high-end consumer food.”