Philippine pork imports hit record high in 2022

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Philippine pork imports reached a record 710,362 tons in 2022, up 28% yoy from 554,698 tons, data from the Bureau of Animal industry show. Industry stakeholders say the hike resulted from importers frontloading their imports as they did not anticipate the extension of reduced tariff until end-2023. However, local producers continue to urge the government to prioritize strengthening the local industry and control how much imports to allow. Local production is gradually increasing. Meanwhile, the latest USDA forecast expects Philippine imports to reach 600,000 tons in 2023.