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 annual dairy demand, which was nearly 2.5 million metric tons (MMT) liquid milk equivalent (LME) in 2017. Total imports in 2018 are forecast to increase to 2.7 MMT LME as traders take advantage of low global dairy prices. Dairy imports in 2019 will likely remain flat as dairy prices start to recover. Major suppliers are New Zealand (39 percent), the United States (21 percent), and Australia (7 percent). In 2017, the Philippines was the sixth largest market for U.S. dairy products by value at $225 million and the fourth largest by volume at 125,000 MT.
