Philippines - Frozen Whole 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 Whole Fish Price in the Philippines - 2023
Contents:
- Frozen Whole Fish Price in the Philippines (CIF) - 2023
- Frozen Whole Fish Price in the Philippines (FOB) - 2023
- Frozen Whole Fish Imports in the Philippines
- Frozen Whole Fish Exports in the Philippines
Frozen Whole Fish Price in the Philippines (CIF) - 2023
In May 2023, the average frozen whole fish import price amounted to $2,153 per ton, declining by -2.7% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +1.0%. The growth pace was the most rapid in June 2022 when the average import price increased by 21% m-o-m. Over the period under review, average import prices reached the maximum at $2,340 per ton in July 2022; however, from August 2022 to May 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($2,578 per ton), while the price for Japan ($1,718 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Seychelles (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Whole Fish Price in the Philippines (FOB) - 2023
In May 2023, the average frozen whole fish export price amounted to $2,547 per ton, waning by -1.7% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 an increase of 12% against the previous month. The export price peaked at $2,908 per ton in October 2022; however, from November 2022 to May 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In May 2023, the countries with the highest prices were Thailand ($2,897 per ton) and Canada ($2,888 per ton), while the average price for exports to Italy ($2,446 per ton) and Japan ($2,446 per ton) were amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Whole Fish Imports in the Philippines
Frozen whole fish imports into the Philippines rose rapidly to 248K tons in 2022, growing by 8.6% against 2021. In general, imports, however, continue to indicate a pronounced descent.
In value terms, frozen whole fish imports surged to $554M in 2022. The total import value increased at an average annual rate of +6.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Frozen Whole Fish in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 94.3 | 61.4 | 112 | 171 | 21.9% |
| Papua New Guinea | 171 | 123 | 135 | 116 | -12.1% |
| Vietnam | 43.4 | 23.5 | 49.5 | 49.8 | 4.7% |
| Taiwan (Chinese) | 15.2 | 20.0 | 25.3 | 25.4 | 18.7% |
| Micronesia | 3.1 | 16.0 | 7.1 | 24.3 | 98.6% |
| Nauru | 3.0 | 18.1 | 22.2 | 22.5 | 95.7% |
| Japan | 16.2 | 21.5 | 19.8 | 22.0 | 10.7% |
| South Korea | 11.7 | 13.6 | 11.3 | 20.6 | 20.8% |
| Kiribati | 15.0 | 11.7 | 9.9 | 19.4 | 9.0% |
| United Kingdom | 7.5 | 8.6 | 10.6 | 8.0 | 2.2% |
| Indonesia | 13.2 | 12.4 | 9.4 | 4.3 | -31.2% |
| Others | 71.4 | 50.5 | 53.7 | 70.5 | -0.4% |
| Total | 465 | 381 | 466 | 554 | 6.0% |
Top Suppliers of Frozen Whole Fish to the Philippines in 2022:
- China (70.9K tons)
- Papua New Guinea (57.6K tons)
- Vietnam (19.2K tons)
- Taiwan (Chinese) (13.5K tons)
- Micronesia (13.5K tons)
- Nauru (12.1K tons)
- Japan (10.9K tons)
- South Korea (10.7K tons)
- Kiribati (10.6K tons)
- United Kingdom (4.0K tons)
- Indonesia (2.1K tons)
Frozen Whole Fish Exports in the Philippines
In 2022, shipments abroad of frozen whole fish decreased by -19.6% to 21K tons, falling for the second consecutive year after two years of growth. In general, exports showed a significant decrease. The most prominent rate of growth was recorded in 2020 with an increase of 73%. As a result, the exports reached the peak of 87K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, frozen whole fish exports fell to $56M in 2022. Over the period under review, exports showed a sharp decrease. The pace of growth was the most pronounced in 2020 with an increase of 15% against the previous year. As a result, the exports attained the peak of $151M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Frozen Whole Fish in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 37.6 | 48.1 | 30.5 | 17.7 | -22.2% |
| Vietnam | 9.9 | 16.5 | 2.6 | 10.1 | 0.7% |
| Japan | 38.2 | 15.5 | 4.9 | 6.4 | -44.9% |
| Thailand | 2.0 | 2.0 | 7.5 | 5.5 | 40.1% |
| Italy | 6.5 | 31.2 | 3.2 | 5.2 | -7.2% |
| Canada | 5.0 | 4.7 | 4.0 | 4.3 | -4.9% |
| Spain | 18.1 | 16.6 | 1.1 | 2.3 | -49.7% |
| China | 2.5 | 2.0 | 2.1 | 1.0 | -26.3% |
| Others | 11.9 | 14.7 | 5.7 | 3.9 | -31.1% |
| Total | 132 | 151 | 61.7 | 56.4 | -24.7% |
Top Export Markets for Frozen Whole Fish from the Philippines in 2022:
- United States (6.3K tons)
- Vietnam (4.2K tons)
- Japan (2.6K tons)
- Italy (2.1K tons)
- Thailand (1.9K tons)
- Canada (1.5K tons)
- Spain (0.9K tons)
- China (0.4K tons)
This report provides an in-depth analysis of the frozen whole 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 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
362
This report provides an in-depth analysis of the frozen whole fish market in the Philippines.
173
This report provides an in-depth analysis of the frozen tilapias market in the Philippines.
235
This report provides an in-depth analysis of the market for frozen southern bluefin tuna in the Philippines.
209
This report provides an in-depth analysis of the bigeye tuna market in the Philippines.
435
This report provides an in-depth analysis of the frozen skipjack tuna market in the Philippines.
233
This report provides an in-depth analysis of the frozen yellowfin tuna market in the Philippines.
222
This report provides an in-depth analysis of the frozen atlantic halibut market in the Philippines.
197
This report provides an in-depth analysis of the frozen eels market in the Philippines.
354
This report provides an in-depth analysis of the frozen catfish market in the Philippines.
1697
This report provides an in-depth analysis of the market for frozen fish and seafood in the Philippines.
206
Explore the top import markets for frozen whole fish based on the data provided by the IndexBox market intelligence platform.
539
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.
171
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.
365
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.
379
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.
619
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.
1919
China ($7.6B) remains the largest frozen fish supplier worldwide, comprising 17% of global exports.
206
Explore the top import markets for frozen whole fish based on the data provided by the IndexBox market intelligence platform.
539
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.
171
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.
