Philippines Agribusiness Report

Providing expert analysis, independent forecasts and competitive intelligence on the agribusiness industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Supply & Demand Forecasts, Commodity Price Analysis and Company Profiles.

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Philippines Agribusiness Report
Product Price

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 t he outlook for sugar production and believe the livestock sector will continue to show healthy growth rates. The Philippines' vast consumption market, along with strong 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 liberali s ation 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.

Grains Dominating
BMI Market Value By Commodity (2005-2020)
BMI Calculation/FAO

Key Forecasts

  • Sugar production growth to 2019/20: 19.5% to 3.0mn 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 1.0mn tonnes. Poultry production will record steady but unspectacular growth. Growth will be driven by investment, both domestic and foreign.

  • Rice production growth to 2019/20: 13.8% to 13.5mn tonnes. Production growth will be fuelled by continued improvements in infrastructure and yields as the government looks to attain self-sufficiency and support output.

  • Agribusiness market value: 2.6% increase to USD35.172bn in 2016, forecast to grow on average 4.6% annually between 2016 and 2020.

  • 2016 real GDP growth: 6.0% (up from 5.7% expected in 2015; predicted to average 5.9% over 2016-2020).

  • 2016 consumer price inflation: 2.3% y-o-y (up from 1.4% expected in 2015; predicted to average 3.7% over 2016-2020).

Industry Developments

The Philippines was affected by the return of El Nino in 2015 as the country recorded dry weather during the year. Therefore, we believe grains and sugar production will decline in 2015/16, while livestock and milk output will slow down slightly. The Philippines will see its imports grow in 2015/16, as the government has no choice but to agree to ease its strict import policy.

Regional economic and financial integration in South East Asia is making progress. The Association of South East Asian Nations (ASEAN) has officially set out the full implementation of its ASEAN Economic Community (AEC). We believe some countries' agricultural sectors will be affected by the AEC, as their uncompetitive production will face challenges from cheaper imports. With the elimination of trade tariffs, competition between countries will increase, and production in less competitive countries may decline. The problem is all the more significant for uncompetitive countries that are not self-sufficient in some commodities and already import part of their consumption needs. Indeed, these countries already face growing imports from the ASEAN region and, more specifically, smuggled imports. The Philippines' production of some commodities, especially rice and sugar, is at risk of such a scenario.

The Philippines' government appears to be aware of the challenge and is making some progress to address issues in the agricultural sector, including in the sugar sector. However, agriculture in the county remains broadly inefficient and production commands high prices, which make the Philippines' products uncompetitive.

BMI Industry View
Industry Forecast
Grains Outlook
Table: Philippines - Grains Production And Consumption Outlook
Table: Philippines - Risks To Grains Outlook
Table: Grains Production & Consumption (Philippines 2013-2020)
Rice Outlook
Table: Philippines - Rice Production And Consumption Outlook
Table: Philippines - Risks To Rice Outlook
Table: Rice Production & Consumption (Philippines 2013-2020)
Sugar Outlook
Table: Philippines - Sugar Production And Consumption Outlook
Table: Philippines - Risks To Sugar Outlook
Table: Philippines - Sugar Mills Operational Data
Table: Sugar Production & Consumption (Philippines 2013-2020)
Table: Sugar Production & Consumption (Philippines 2012-2020)
Dairy Outlook
Table: Philippines - Dairy Production And Consumption Outlook
Table: Philippines - Risks To Dairy Outlook
Table: Dairy Production & Consumption (Philippines 2013-2020)
Livestock Outlook
Table: Philippines - Livestock Production And Consumption Outlook
Table: Philippines - Risks To Livestock Outlook
Table: Livestock Production & Consumption (Philippines 2013-2020)
Commodities Price Analysis
Global Commodities Strategy
Table: Select Commodities - Performance And BMI Forecasts
Upstream Analysis
Asia Machinery Outlook
Table: Select Countries - Average Size Of Farms, Hectares
Asia Fertiliser Outlook
Asia GM Outlook
Table: Selected Countries - GM Crops Use (mn hectares)
Downstream Analysis
Table: Food Consumption Indicators - Historical Data & Forecasts (Philippines 2012-2019)
Table: Confectionery Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Philippines 2012-2019)
Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts (Philippines 2014-2019)
Regional Overview
Table: Impact Of El Ni-o On Crops
Competitive Landscape
Table: Major Agribusiness Companies
Demographic Forecast
Table: Population Headline Indicators (Philippines 1990-2025)
Table: Key Population Ratios (Philippines 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Philippines 1990-2025)
Table: Population By Age Group (Philippines 1990-2025)
Table: Population By Age Group % (Philippines 1990-2025)
Industry Forecast Methodology
Sector-Specific Methodology

The Philippines Agribusiness Report features BMI Research's market assessment and independent forecasts for production, consumption and trade across core agricultural commodities.

BMI's Philippines Agribusiness Report includes independent commodity price forecasting and analysis for key agricultural outputs, an overview of the agribusiness competitive landscape and a discussion of the downstream context of agricultural production in relation to country food consumption forecasts and composite food and beverage trade forecasts.

Key Benefits

  • Use BMI's independent industry forecasts to test other views - a key input for successful planning in dynamic agribusiness markets.
  • Apply BMI's medium-term commodity price analysis to assist with budgetary planning and the identification of investment opportunities and potential risks.
  • Assess the activities and market position of your competitors, partners and clients.


BMI Industry View

Summary of BMI’s key industry forecasts and views, highlighting recent changes and key risks to the industry outlook.

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the wider agricultural industry.

BMI Supply & Demand Forecasts

Divided into sections based on various diverse sectors in the agriculture market, the chapter provides insight into each market’s agricultural industry, centred on sector forecasts to end-2019 for the consumption, production and trade of key commodities.

  • Consumption Forecasts: Accompanied by a discussion of the main drivers of consumption growth: macroeconomic factors, food processing trends, price movements and increasingly, demand from the non-food sector.
  • Production Forecasts: Examine the trends influencing BMI’s production outlook: global demand, price increases, public and private sector investment and agricultural efficiency improvements.
  • Trade Forecasts: Accompanied by a discussion of the factors influencing a country’s trade in agricultural goods, including domestic demand, global prices and government trade policies.
  • BMI’s Forecasts: Accompanied by a risks-to-outlook assessment, which examines potential factors that could affect our existing forecast picture and the likelihood of their occurrence.

BMI’s Commodity Price Analysis

Fundamental and technical analysis of the short- and medium-term price outlook for eight agricultural commodities based on globally recognised benchmarks.

Downstream Analysis

Analysis of headline food and drink forecasts, including total food consumption, per capita food consumption and total sector trade, which provide important downstream intelligence for primary agricultural producers.

Featured Analysis

Includes relevant articles from BMI’s daily analysis service. These can include: long-term projections on agricultural imports and exports; our perceptions of the impacts of economic slowdown on key companies and subsectors within the Agribusiness industry in a given country; our analysis of fertilizer production; as well as other relevant analysis of recent news and events.

Competitive Landscape

The reports contain information on prominent companies operating in each market.

Key Commodities Covered By The Agribusiness Market

Reports Include: Grains, Dairy, Livestock, Rice, Sugar, Palm Oil, Edible Oils, Coffee, Cocoa, Cotton, Soybean

Please note – not all reports cover all commodities.


The Agribusiness reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.