Report Update Nov 1, 2024

Philippines - Frozen, Dried and Smoked Fish - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Philippines: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in the Philippines

The Philippine market for frozen, dried and smoked fish rose to $X in 2022, with an increase of X% against the previous year. Overall, consumption enjoyed a resilient expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Frozen, Dried And Smoked Fish in the Philippines

In value terms, frozen, dried and smoked fish production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Frozen, dried and smoked fish production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Frozen, Dried And Smoked Fish

Exports from the Philippines

In 2022, approx. X tons of frozen, dried and smoked fish were exported from the Philippines; increasing by X% on the previous year. In general, exports enjoyed a modest expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, frozen, dried and smoked fish exports surged to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan (X tons), the United States (X tons) and Vietnam (X tons) were the main destinations of frozen, dried and smoked fish exports from the Philippines, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and Vietnam ($X) constituted the largest markets for frozen, dried and smoked fish exported from the Philippines worldwide, with a combined X% share of total exports.

Among the main countries of destination, Vietnam, with a CAGR of X%, recorded 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

The average export price for frozen, dried and smoked fish stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Italy ($X 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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports into the Philippines

In 2022, purchases abroad of frozen, dried and smoked fish increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, frozen, dried and smoked fish imports surged to $X in 2022. Overall, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons), Papua New Guinea (X tons) and Vietnam (X tons) were the main suppliers of frozen, dried and smoked fish imports to the Philippines, with a combined X% share of total imports. Taiwan (Chinese), Micronesia, Nauru, South Korea, Japan, Kiribati and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Nauru (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen, dried and smoked fish suppliers to the Philippines were China ($X), Papua New Guinea ($X) and Vietnam ($X), with a combined X% share of total imports. Taiwan (Chinese), Micronesia, South Korea, Nauru, Japan, Kiribati and the UK lagged somewhat behind, together accounting for a further X%.

Nauru, 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

The average import price for frozen, dried and smoked fish stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price showed a buoyant expansion. The growth pace was the most rapid in 2019 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen, dried and smoked fish in the world?

China constituted the country with the largest volume of frozen, dried and smoked fish consumption, accounting for 33% of total volume. Moreover, frozen, dried and smoked fish consumption in China exceeded the figures recorded by the second-largest consumer, Russia, sixfold. Japan ranked third in terms of total consumption with a 5.6% share.

What are the largest producers of frozen, dried and smoked fish in the world?

China remains the largest frozen, dried and smoked fish producing country worldwide, accounting for 30% of total volume. Moreover, frozen, dried and smoked fish production in China exceeded the figures recorded by the second-largest producer, Russia, fourfold. India ranked third in terms of total production with a 4.4% share.

What are the leading suppliers of frozen, dried and smoked fish to the Philippines?

In value terms, China, Papua New Guinea and Vietnam constituted the largest frozen, dried and smoked fish suppliers to the Philippines, together accounting for 67% of total imports. Taiwan Chinese), Nauru, Japan, South Korea, the UK, Indonesia, Kiribati, Marshall Islands and Micronesia lagged somewhat behind, together comprising a further 24%.

What are the leading importers of frozen, dried and smoked fish from the Philippines?

In value terms, the largest markets for frozen, dried and smoked fish exported from the Philippines were Japan, the United States and Thailand, with a combined 77% share of total exports. These countries were followed by South Korea, Canada, Italy, Spain, Vietnam, Australia, China and the UK, which together accounted for a further 19%.

What is the average export price for frozen, dried and smoked fish in the Philippines?

The average export price for frozen, dried and smoked fish stood at $3,412 per ton in 2021, surging by 8.5% against the previous year.

What is the average import price for frozen, dried and smoked fish in the Philippines?

The average import price for frozen, dried and smoked fish stood at $2,186 per ton in 2021, shrinking by -8.4% against the previous year.

This report provides an in-depth analysis of the market for frozen, dried and smoked fish 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
Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
Prodcom 10202100 - Fish fillets, dried, salted or in brine, but not smoked
Prodcom 10202350 - Dried fish, whether or not salted, fish, salted but not dried, fish in brine (excluding fillets, smoked, heads, tails and maws)
Prodcom 10202425 - Smoked Pacific, Atlantic and Danube salmon (including fillets, e xcluding heads, tails and maws)
Prodcom 10202455 - Smoked herrings (including fillets, excluding heads, tails and maws)
Prodcom 10202485 - Smoked fish (excluding herrings, Pacific, Atlantic and Danube salmon), including fillets, excluding head, tails and maws
Prodcom 10202200 - Flours, meals and pellets of fish, fit for human consumption, f ish livers and roes, dried, smoked, salted or in brine

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