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Exporter Guide: FOOD & BEVERAGE IN THE PHILIPPINES

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  • Published: 2013-04-02
  • File Format: PDF
  • Views: 79   
  • Size: 178.08K
  • Language: English
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Introduction
The Philippines is New Zealand’s 7th largest food and beverage export destination, with exports totalling US$436 million in 2010.Food accounts for nearly half of an average Filipino family’s expenses and Filipino consumers generally eat five times a day.

The economy in the Philippines has recovered from the 2009 recession due to government stimulus packages and a renewed trust in the government. In the fourth quarter of 2010, personal consumption expenditure (PCE), the primary driver of the Philippines economy, jumped to 7 percent. This was the highest since the 8.4 percent growth recorded in the third quarter of 1988.ii The country’s GDP grew by 4.5 percent in 2011, which resulted in a per capita income of US$2,012.
 
 
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