Philippines - Frozen Fish - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingFrozen Fish Price in the Philippines - 2023
Contents:
- Frozen Fish Price in the Philippines (CIF) - 2022
- Frozen Fish Price in the Philippines (FOB) - 2022
- Frozen Fish Imports in the Philippines
- Frozen Fish Exports in the Philippines
Frozen Fish Price in the Philippines (CIF) - 2022
In 2022, the average frozen fish import price amounted to $2,395 per ton, picking up by 10% against the previous year. Over the period under review, the import price showed buoyant growth. The growth pace was the most rapid in 2019 when the average import price increased by 48% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($3,090 per ton), while the price for the UK ($1,800 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Price in the Philippines (FOB) - 2022
The average frozen fish export price stood at $3,324 per ton in 2022, with an increase of 17% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2021 an increase of 48%. Over the period under review, the average export prices reached the maximum at $4,322 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($3,810 per ton), while the average price for exports to Vietnam ($2,493 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fish Imports in the Philippines
In 2022, approx. 275K tons of frozen fish were imported into the Philippines; picking up by 10% against the previous year. In general, imports, however, continue to indicate a pronounced curtailment.
In value terms, frozen fish imports soared to $659M in 2022. The total import value increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Frozen Fish in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 137 | 97.1 | 160 | 212 | 15.7% |
| Papua New Guinea | 171 | 123 | 135 | 116 | -12.1% |
| Vietnam | 84.0 | 32.8 | 66.8 | 99.7 | 5.9% |
| Taiwan (Chinese) | 15.3 | 20.1 | 25.7 | 25.6 | 18.7% |
| Micronesia | 3.1 | 16.0 | 7.1 | 24.3 | 98.6% |
| South Korea | 15.7 | 14.4 | 13.8 | 24.3 | 15.7% |
| Nauru | 3.0 | 18.1 | 22.2 | 22.5 | 95.7% |
| Japan | 16.3 | 21.6 | 19.9 | 22.1 | 10.7% |
| Kiribati | 15.0 | 11.7 | 9.9 | 19.4 | 9.0% |
| United Kingdom | 7.6 | 8.6 | 11.0 | 9.2 | 6.6% |
| Indonesia | 13.8 | 13.1 | 11.9 | 5.8 | -25.1% |
| Others | 77.1 | 53.0 | 58.1 | 78.0 | 0.4% |
| Total | 559 | 430 | 541 | 659 | 5.6% |
Top Suppliers of Frozen Fish to the Philippines in 2022:
- China (80.6K tons)
- Papua New Guinea (57.6K tons)
- Vietnam (32.3K tons)
- Taiwan (Chinese) (13.5K tons)
- Micronesia (13.5K tons)
- Nauru (12.1K tons)
- South Korea (11.9K tons)
- Japan (10.9K tons)
- Kiribati (10.6K tons)
- United Kingdom (5.1K tons)
- Indonesia (2.6K tons)
Frozen Fish Exports in the Philippines
In 2022, frozen fish exports from the Philippines rose slightly to 38K tons, increasing by 4.2% against 2021. In general, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 68% against the previous year. As a result, the exports reached the peak of 100K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, frozen fish exports surged to $126M in 2022. Over the period under review, exports, however, recorded a abrupt decline.
| Export of Frozen Fish in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 62.0 | 40.3 | 32.0 | 42.9 | -11.6% |
| United States | 47.3 | 59.4 | 41.5 | 41.4 | -4.3% |
| Vietnam | 9.9 | 16.5 | 2.6 | 10.4 | 1.7% |
| Canada | 5.7 | 6.7 | 6.8 | 7.0 | 7.1% |
| Italy | 6.5 | 31.3 | 3.2 | 6.1 | -2.1% |
| Thailand | 2.1 | 2.0 | 7.5 | 5.5 | 37.8% |
| Spain | 18.1 | 16.6 | 1.1 | 5.2 | -34.0% |
| China | 2.5 | 2.0 | 2.1 | 1.0 | -26.3% |
| Others | 12.4 | 16.1 | 6.7 | 6.6 | -19.0% |
| Total | 167 | 191 | 104 | 126 | -9.0% |
Top Export Markets for Frozen Fish from the Philippines in 2022:
- United States (11.9K tons)
- Japan (11.3K tons)
- Vietnam (4.2K tons)
- Italy (2.4K tons)
- Canada (2.1K tons)
- Thailand (1.9K tons)
- Spain (1.9K tons)
- China (0.4K tons)
This report provides an in-depth analysis of the frozen fish market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201400 - Frozen fish fillets
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
- Prodcom 10201600 - Frozen fish livers and roes
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
640
This report provides an in-depth analysis of the frozen fish market in the Philippines.
172
This report provides an in-depth analysis of the frozen tilapias market in the Philippines.
230
This report provides an in-depth analysis of the market for frozen southern bluefin tuna in the Philippines.
203
This report provides an in-depth analysis of the bigeye tuna market in the Philippines.
426
This report provides an in-depth analysis of the frozen skipjack tuna market in the Philippines.
232
This report provides an in-depth analysis of the frozen yellowfin tuna market in the Philippines.
217
This report provides an in-depth analysis of the frozen atlantic halibut market in the Philippines.
195
This report provides an in-depth analysis of the frozen eels market in the Philippines.
350
This report provides an in-depth analysis of the frozen catfish market in the Philippines.
1667
This report provides an in-depth analysis of the market for frozen fish and seafood in the Philippines.
364
Explore the top import markets for frozen fish based on the import value in 2022. Japan, United States, and China lead the pack in this lucrative industry. Learn more on IndexBox.
1895
China ($7.6B) remains the largest frozen fish supplier worldwide, comprising 17% of global exports.
474
The global market for frozen fish and seafood has witnessed significant growth in recent years, with several countries emerging as key import markets. In this article, we will explore the top import markets for frozen fish and seafood and provide key statistics and insights.
156
Explore the top import markets for frozen freshwater fish worldwide, including China, the United States, and South Korea. Get key statistics and insights from IndexBox platform.
187
Explore the top import markets for frozen whole fish based on the data provided by the IndexBox market intelligence platform.
335
Discover the top import markets for frozen, dried, and smoked fish, including key statistics and numbers. Explore the leading countries in the global fish trade.
604
Chile became the leading supplier of frozen atlantic salmon worldwide, expanding exports from 14K tons in 2010 to 125K tons in 2020 and leaving behind the former leading supplier, Norway.
364
Explore the top import markets for frozen fish based on the import value in 2022. Japan, United States, and China lead the pack in this lucrative industry. Learn more on IndexBox.
1895
China ($7.6B) remains the largest frozen fish supplier worldwide, comprising 17% of global exports.
474
The global market for frozen fish and seafood has witnessed significant growth in recent years, with several countries emerging as key import markets. In this article, we will explore the top import markets for frozen fish and seafood and provide key statistics and insights.
