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In 2024, after nine years of decline, there was growth in the Philippine sheep and goat meat market, when its value increased by 3% to $146M. Over the period under review, consumption, however, continues to indicate a deep setback. As a result, consumption reached the peak level of $442M. From 2015 to 2024, the growth of the market remained at a somewhat lower figure.
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Statistics illustrates consumption, production, prices, and trade of Goat Meat in the Philippines from Jan 2019 to Jun 2025.
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In 2024, the Philippine goat meat market was finally on the rise to reach $140M for the first time since 2014, thus ending a nine-year declining trend. In general, consumption, however, continues to indicate a abrupt curtailment. Goat meat consumption peaked at $436M in 2014; however, from 2015 to 2024, consumption failed to regain momentum.
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Price for Sheep and Goat Meat in the Philippines - 2023. Find the latest marketing data on the IndexBox platform.
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In 2023, the amount of goat meat exported from the Philippines reduced dramatically to 485 kg, shrinking by -19.2% against 2022.
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In 2023, approx. 5.7 tons of goat or kid hides and skins were exported from the Philippines; waning by -11.3% on 2022 figures.
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The Philippine goat or kid hides market fell markedly to $21M in 2024, dropping by -22.5% against the previous year. Overall, consumption, however, continues to indicate a abrupt contraction. Goat or kid hides consumption peaked at $52M in 2015; however, from 2016 to 2024, consumption remained at a lower figure.
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The Philippine goat hides and skins market skyrocketed to $22M in 2024, rising by 25% against the previous year. In general, consumption continues to indicate a pronounced descent. Over the period under review, the market hit record highs at $49M in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.
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The Philippine market for sheep, goat, swine or reptile leather, excluding chamois leather fell rapidly to $12M in 2024, dropping by -33.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a relatively flat trend pattern.
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Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
In 2024, after nine years of decline, there was growth in the Philippine sheep and goat meat market, when its value increased by 3% to $146M. Over the period under review, consumption, however, continues to indicate a deep setback. As a result, consumption reached the peak level of $442M. From 2015 to 2024, the growth of the market remained at a somewhat lower figure.