| Attaché Report (GAIN) | RP2022-0060
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Office of Agricultural Affairs, Manila | (011-632) 301-4900
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Prospects for U.S. brewing ingredients remain strong amidst a robust local beer manufacturing industry. Beer is the most widely consumed alcoholic beverage in the Philippines, accounting for 72 percent of total alcohol consumption or 2.1 billion liters annually. Export prospects in the region are especially strong because of the country’s membership in various free trade agreements and its strategic location. While imported beer accounts for less than one percent of total consumption, traders are optimistic the country’s resumption of economic activities and its young and growing population will drive sales of imported craft beer in the coming years.
Database Source:
Global Agricultural Information Network (GAIN)
Insight and analysis from FAS's overseas offices on issues affecting agricultural production and trade.
Related Reports
India is gearing up for a record wheat harvest in market year (MY) 2024/2025. FAS New Delhi (Post) forecasts India's wheat production at 112.5 million metric tons (MMT), thanks to the timely and record plantings of wheat, which benefitted from favorable weather conditions from the time of planting through the reproductive growth stages.
Rice export prices further declined 1-3 percent due to the weakening of the Thai baht against the U.S. dollar and the downward price pressure from the new MY2023/24 off-season rice supplies.
For MY 2024/25, Post estimates that wheat area harvested will total 195,000 hectares (ha), a 2.5 percent decrease from MY 2023/24 to due to high input costs and low prices. Wheat production will reach 1.17 million metric tons (MMT).
