Philippines - Frozen Freshwater Fish - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Freshwater Fish Price in the Philippines - 2023
Contents:
- Frozen Freshwater Fish Price in the Philippines (CIF) - 2022
- Frozen Freshwater Fish Price in the Philippines (FOB) - 2023
- Frozen Freshwater Fish Imports in the Philippines
- Frozen Freshwater Fish Exports in the Philippines
Frozen Freshwater Fish Price in the Philippines (CIF) - 2022
The average frozen freshwater fish import price stood at $3,842 per ton in 2022, growing by 8.5% against the previous year. Over the period under review, the import price continues to indicate resilient growth. The pace of growth was the most pronounced in 2019 when the average import price increased by 90%. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($3,897 per ton) and Indonesia ($3,897 per ton), while the price for Vietnam ($3,534 per ton) and China ($3,897 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Freshwater Fish Price in the Philippines (FOB) - 2023
In June 2023, the average frozen freshwater fish export price amounted to $2,986 per ton, increasing by 3.1% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2022 when the average export price increased by 4.4% month-to-month. As a result, the export price attained the peak level of $3,189 per ton. From August 2022 to June 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In June 2023, the countries with the highest prices were the United States ($2,994 per ton) and Thailand ($2,994 per ton), while the average price for exports to Canada ($2,994 per ton) and Qatar ($2,994 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Freshwater Fish Imports in the Philippines
Frozen freshwater fish imports into the Philippines contracted to 11K tons in 2022, with a decrease of -14.2% against 2021. In general, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year.
In value terms, frozen freshwater fish imports fell to $41M in 2022. The total import value increased at an average annual rate of +5.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 47%. As a result, imports reached the peak of $44M, and then shrank in the following year.
| Import of Frozen Freshwater Fish in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.0 | 21.8 | 39.1 | 33.7 | 13.6% |
| Vietnam | 10.9 | 7.0 | 2.5 | 5.8 | -19.0% |
| Japan | 0.7 | 1.1 | 1.2 | 1.0 | 12.6% |
| Indonesia | N/A | N/A | 0.8 | 0.7 | -12.5% |
| Others | 1.0 | 0.1 | 0.6 | N/A | -22.5% |
| Total | 35.6 | 30.0 | 44.2 | 41.2 | 5.0% |
Top Suppliers of Frozen Freshwater Fish to the Philippines in 2022:
- China (8.6K tons)
- Vietnam (1.6K tons)
- Japan (0.3K tons)
- Indonesia (0.2K tons)
Frozen Freshwater Fish Exports in the Philippines
In 2022, after two years of decline, there was significant decline in shipments abroad of frozen freshwater fish, when their volume decreased by -18.6% to 7.8K tons. In general, exports, however, enjoyed significant growth.
In value terms, frozen freshwater fish exports shrank slightly to $26M in 2022. Overall, exports, however, enjoyed a significant expansion.
| Export of Frozen Freshwater Fish in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.5 | N/A | 0.6 | 24.2 | 264.4% |
| Oman | N/A | N/A | N/A | 2.2 | 0% |
| Japan | 1.7 | N/A | 0.1 | N/A | -75.7% |
| China | 0.8 | N/A | 1.9 | N/A | 54.1% |
| United States | N/A | N/A | 12.9 | N/A | 0% |
| Canada | N/A | N/A | 2.5 | N/A | 0% |
| Others | 0.3 | N/A | 8.7 | N/A | 438.5% |
| Total | 3.3 | N/A | 26.8 | 26.4 | 100.0% |
Top Export Markets for Frozen Freshwater Fish from the Philippines in 2022:
- United Arab Emirates (7.4K tons)
- Oman (0.3K tons)
This report provides an in-depth analysis of the frozen freshwater 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 10201360 - Frozen whole fresh water fish
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.
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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
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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
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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
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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
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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
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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
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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
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