The United States could export more pet food and processed potato products like French fries to the Philippines due to rising demand, according to an agency of the US Department of Agriculture (USDA). Know more:
The United States could export more pet food and processed potato products like French fries to the Philippines due to rising demand, according to an agency of the US Department of Agriculture .
“US pet food exports have recently surged worldwide, especially to markets in Asia. Exports to the Philippines rose by 38 percent to $51 million in 2021 and will likely continue to rise as pet ownership increases,” the report read. The USDA-FAS indicated that export opportunities for meat products in the Philippines will be driven by the rising income of Filipinos as local production cannot meet the country’s total animal protein demand.
US exports of dairy products to the Philippines would always have “strong prospects” since 99 percent of the country’s dairy supply is imported, according to the report. The report noted that the US remains as the Philippines’s top supplier of processed potato products despite facing higher tariff rates and stiff competition from India and China, who enjoy duty-free access.
“Exports increased 11 percent over 2020, surpassing Vietnam, and making the Philippines the top market for US products in Southeast Asia for the first time since 2015,” it said.
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