Report Philippines - Frozen Fish - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Sep 22, 2022

Philippines - Frozen Fish - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Frozen Fish Market 2022

Frozen Fish Market Size in the Philippines

After two years of decline, the Philippine frozen fish market increased by X% to $X in 2021. Over the period under review, consumption saw a prominent increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Frozen Fish Production in the Philippines

In value terms, frozen fish production reached $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Frozen Fish Exports

Exports from the Philippines

In 2021, the amount of frozen fish exported from the Philippines dropped rapidly to X tons, with a decrease of -X% on 2020. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, frozen fish exports reduced rapidly to $X in 2021. Over the period under review, exports saw a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Japan (X tons) and Thailand (X tons) were the main destinations of frozen fish exports from the Philippines, with a combined X% share of total exports. These countries were followed by Italy, Canada, Vietnam, Spain, China, Australia and the UK, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Thailand ($X) constituted the largest markets for frozen fish exported from the Philippines worldwide.

Among the main countries of destination, the UK, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average frozen fish export price amounted to $X per ton, reducing by -X% against the previous year. In general, the export price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into the Philippines

After three years of decline, overseas purchases of frozen fish increased by X% to X tons in 2021. Over the period under review, imports posted measured growth. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, frozen fish imports skyrocketed to $X in 2021. Overall, imports saw a remarkable increase. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Papua New Guinea (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of frozen fish imports to the Philippines, together accounting for X% of total imports. These countries were followed by Taiwan (Chinese), Nauru, Japan, South Korea, Kiribati, the UK, Indonesia, Marshall Islands and Micronesia, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Nauru (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Papua New Guinea ($X) and Vietnam ($X) were the largest frozen fish suppliers to the Philippines, together comprising X% of total imports. These countries were followed by Taiwan (Chinese), Nauru, Japan, South Korea, the UK, Indonesia, Kiribati, Marshall Islands and Micronesia, which together accounted for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average frozen fish import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, showed a prominent increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably countryorigin: the country with the highest price was China ($X per ton), while the price for Nauru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen fish in the world?
+
China constituted the country with the largest volume of frozen fish consumption, comprising approx. 36% of total volume. Moreover, frozen fish consumption in China exceeded the figures recorded by the second-largest consumer, Russia, sixfold. Thailand ranked third in terms of total consumption with a 5.1% share.
What are the largest producers of frozen fish in the world?
+
China constituted the country with the largest volume of frozen fish production, accounting for 34% of total volume. Moreover, frozen fish production in China exceeded the figures recorded by the second-largest producer, Russia, fourfold. Mauritania ranked third in terms of total production with a 4.8% share.
What are the leading suppliers of frozen fish to the Philippines?
+
In value terms, the largest frozen fish suppliers to the Philippines were China, Papua New Guinea and Vietnam, with a combined 61% share of total imports. These countries were followed by Taiwan Chinese), Nauru, Japan, South Korea, the UK, Indonesia, Kiribati, Marshall Islands and Micronesia, which together accounted for a further 22%.
What are the leading importers of frozen fish from the Philippines?
+
In value terms, the largest markets for frozen fish exported from the Philippines were the United States, Japan and Thailand.
What is the average export price for frozen fish in the Philippines?
+
In 2021, the average frozen fish export price amounted to $2,633 per ton, falling by -3.6% against the previous year.
What is the average import price for frozen fish in the Philippines?
+
In 2021, the average frozen fish import price amounted to $2,318 per ton, remaining stable against the previous year.

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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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