Report Update Nov 1, 2024

Philippines - Frozen Catfish - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Frozen Catfish Market 2022

Frozen Catfish Market Size in the Philippines

The Philippine frozen catfish market declined significantly to $X in 2020, falling by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2019 to 2020, the growth of the market remained at a lower figure.

Frozen Catfish Exports

Exports from the Philippines

In 2020, the amount of frozen catfish exported from the Philippines dropped notably to X kg, declining by -X% compared with the previous year's figure. Overall, exports recorded a sharp decline. Over the period under review, exports hit record highs at X kg in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen catfish exports shrank dramatically to $X in 2020. Over the period under review, exports continue to indicate a precipitous setback. Over the period under review, exports attained the peak figure at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Northern Mariana Islands (X kg) was the main destination for frozen catfish exports from the Philippines, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Northern Mariana Islands was relatively modest.

From 2007 to 2019, the average annual rate of growth in terms of value to Northern Mariana Islands was relatively modest.

Export Prices by Country

The average frozen catfish export price stood at $X per ton in 2019, standing approx. at the previous year. In general, the export price faced a sharp decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2019, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Northern Mariana Islands.

From 2007 to 2019, the rate of growth in terms of prices for Northern Mariana Islands amounted to X% per year.

Frozen Catfish Imports

Imports into the Philippines

Frozen catfish imports into the Philippines dropped remarkably to X kg in 2020, falling by -X% against 2019 figures. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, imports reached the peak of X tons. from 2019 to 2020, the growth imports failed to regain the momentum.

In value terms, frozen catfish imports contracted significantly to $X in 2020. In general, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, imports attained the peak of $X. from 2019 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Vietnam (X kg) was the main frozen catfish supplier to the Philippines, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from Vietnam totaled -X%.

In value terms, Vietnam ($X) constituted the largest supplier of frozen catfish to the Philippines.

From 2007 to 2020, the average annual growth rate of value from Vietnam totaled -X%.

Import Prices by Country

In 2020, the average frozen catfish import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Vietnam.

From 2007 to 2020, the rate of growth in terms of prices for Vietnam amounted to -X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen catfish in the world?

The countries with the highest volumes of frozen catfish consumption in 2020 were Vietnam, Colombia and Thailand, together accounting for 45% of global consumption. Saudi Arabia, Cote d'Ivoire, Cameroon, Denmark, Democratic Republic of the Congo, the U.S., Qatar, China, Russia and South Korea lagged somewhat behind, together accounting for a further 30%.

What are the largest producers of frozen catfish in the world?

The country with the largest volume of frozen catfish production was Vietnam, accounting for 75% of total volume. Moreover, frozen catfish production in Vietnam exceeded the figures recorded by the second-largest producer, China, more than tenfold. Thailand ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of frozen catfish to the Philippines?

In value terms, Vietnam constituted the largest supplier of frozen catfish to the Philippines.

What is the average export price for frozen catfish in the Philippines?

In 2019, the average frozen catfish export price amounted to $1,136 per ton, remaining relatively unchanged against the previous year.

What is the average import price for frozen catfish in the Philippines?

In 2020, the average frozen catfish import price amounted to $1,778 per ton, jumping by 20% against the previous year.

This report provides an in-depth analysis of the frozen catfish 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 2025.

Product coverage:

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023