Palmoilmagazine, KUALA LUMPUR – For having population about 115 million men, fat and oil consumption in Philippine reached 1,7 million metric tons (MT) in 2021, or increased 41.000 tons or about 2,5% compared to 2020. Palm oil is the main consumption in the country that contributed about 76,7% of the total oil and fat in the country in 2021.
Palm oil consumption trend in Philippine keeps increasing within compound annual growth rate (CAGR) about 2,9% since 2017. It happened for the food and drink industrial progress.
Rina Mariati Gustam of Malaysian Palm Oil Council (MPOC) said, palm oil is normally applied for house, food service, and food process sectors. Palm oil demands in the country could be increasing in the future namely in food sectors because they are one main palm oil consumers in Philippine.
RBD palm olein is one kind of popular palm cooking oil for having longer storage time, standing for some time both in oxidation and making decomposer products in frying temperature. “It is mostly used as palm cooking oil in Philippine in many sectors, namely food service sectors,” Mariati Gustam said, as in the report that Palmoilmagazine got, Friday (23/9/2022)
Top five food services in Philippine are from fast food restaurants. Jollibee is one fast food and advance restaurant in the country within about 1.400 restaurants whole over the country. Palm oil is mostly used in fast food restaurants.
The increasing popularity of fast food restaurant and the increasing preference to takeaway fast food are the main factors to develop food industries. The eating habits of the Philippine’s citizens is influenced by the exposure of the companies in media marketing.
The food service industrial growth in the country is helped by many millennial generations with their friends that seek for cheap food courts. “The expansion of shopping centers and hypermarket network could increase the income of fast food restaurant and food service in the country. This would trigger palm oil demands in Philippine and would depend on palm oil imports from Malaysia and Indonesia,” Mariati Gustam. (T2)
Export to Philippine (by product) 2021 2020 Change (MT) Change (%)
RBD Palm Olein 543.176 635.859 (92.683) (14,58)
RBD Palm Oil 19.828 30.499 (10,670) (34,99)
Palm Cooking Oil 8.994 13.737 (4.744) (34,53)
RBD Palm Stearin 5.865 9.889 (4,024) (40.69)
Others 1,943 3.456 (1.513) (43,78)
Total 579.806 693.441 (113.635) (16.39)
Source: MPOB
