Philippines Logistics Industry Outlook to 2027F

Philippines Logistics Industry Outlook to 2027F

The Philippines Logistics Market Outlook to 2027F report provides a comprehensive analysis of the potential of the logistics industry in Philippines. The report covers an overview and genesis of the industry, of the market size in terms of market revenue.

Market segmentations include by Services, By Mode of Transport, By Mode of Shipment, By Business Model, By Region, By Type of Warehouses, By End Users, By Delivery Period and By International and Domestic Shipments; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, pricing analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview:

According to Ken Research estimates, the Philippines logistics Market – which grew from approximately PHP ~570 Bn in 2017 to approximately PHP ~780 Bn in 2022 – is forecasted to grow further to PHP ~1160 Bn market by 2027F, owing to the increased budget allocation, increasing demand for food, beverages, and manufacturing products in the Philippines.

Government of Philippines has made infrastructural development a national priority and has pledged greater funding over the next decade, with oversight of the National Economic Development Authority (NEDA).

The top two import sources of the Philippines were China and Japan, with 22.7% and 9.4% import share, respectively.

Key Trends by Market Segment:

By mode of Shipment: Philippines cold transport market is largely import oriented. Thus, a larger revenue share in the cold transportation market has been garnered by domestic cold transport. The bulk of temperature-sensitive items such as meat, sea food products, and pharmaceuticals are imported from different countries before being distributed within the Philippines.

By Temperature Range: The Philippines Cold Storage market is dominated by freezers and chillers owing to rising meat and seafood imports and consumption in the country.

By Region: Metro Manila has huge capacities when it comes to cold storage as the majority of the pallets are positioned there. In Cebu and Mindanao there are small volumes but high prices of new closed storage.

Competitive Landscape

Future Outlook

The Philippines Logistics Market is expected to witness significant growth during the period 2022P-2027F, owing to new players entering the market and various technological advancements like robots.

The revenue of the logistics market in the Philippines is expected to increase over the forecasted period due to high demand for e-commerce, tech-enabled warehouses and cold storage services. Also, strong initiatives by the government to improve transportation and connectivity in the region will boost the logistics market in the country.

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