Philippines: Pulses Market Brief
Link to report:
Philippine imports of pulses and other leguminous vegetables in various formats (dry, frozen, flour, and prepared foods) grew 48 percent in the past five years to $88 million in 2022. The United States supplied a tenth of total imports and ranked as third largest supplier after ASEAN and Canada. Local traders forecast Philippine imports will increase five to seven percent annually in the next five years. The key drivers include the country’s growing reliance on imports, the rising prices of animal-sourced protein, and a growing trend toward plant-based foods. Traders believe the United States is well positioned to increase its export volume by leveraging the Filipino consumers’ strong preference for U.S.-origin products.