Key Market Indicators
Filipina seafood imports are expected to hit $765 million by 2026, up from $614 million in 2021. This is an average growth rate of 3.5% per year. Since 2001, Filipina demand has been growing by 9.3% annually. The country ranked 23rd in the world in 2021, with Malaysia ahead at $613 million. Japan, China and Spain were numbers 2, 3 and 4 respectively. Filipina seafood exports are forecast to reach $472 million by 2026, up from $447 million in 2021. This is an average growth rate of 0.7% per year. Since 2001, Filipina supply has been declining by 0.1% annually. The country was 32nd in 2021, with Lithuania at $447 million. Norway, India and Vietnam were numbers 2, 3 and 4 respectively.
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