Philippines: Dairy and Products Annual

FAS Manila forecasts demand for dairy products to increase 3 percent to 3.5 million metric tons (MT) in liquid milk equivalent (LME) in 2024, as high prices slow growth in consumer demand. The Philippines imports 99 percent of its dairy requirement, as domestic production cannot meet demand. Post forecasts skim milk powder imports to remain flat at 160,000 MT, while fluid milk imports rise 5 percent to 110,000 MT in 2024. Cheese imports will continue to grow, increasing 2 percent to 53,000 MT in 2024.