Key Market Indicators
Fish production in the Philippines is expected to rise to nearly 2.3 million metric tons by 2026. This is an increase from 2.2 million metric tons in 2021, growing at a rate of 0.3% year-on-year. Since 1965, the supply of fish in the Philippines has grown at a rate of 0.2% year-on-year. Meanwhile, fish consumption in the Philippines is projected to decrease to 1.03 million metric tons by 2026. This is a decline from 1.13 million metric tons in 2021, at a year-on-year rate of 1.8%. Since 2017, the demand for fish in the Philippines has dropped by 2.9% year-on-year. In 2021, the country was ranked third in the world, behind Japan and the United States.
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