Key Market Indicators
Filipina fish production is projected to decline to 2.07 million metric tons by 2028, down from 2.21 million metric tons in 2023. This represents an annual decrease of 1.1%, according to recent data. Historically, since 1965, the country's fish supply has been on a downward trend, diminishing by 0.8% each year. In terms of consumption, the Philippines is expected to see its fish consumption drop to 1.05 million metric tons by 2028, from 1.15 million metric tons in 2023. This marks an annual decline of 1.5%. Since 2019, demand for fish in the country has decreased by 1.4% annually. In 2023, the Philippines ranked third in fish consumption globally. Japan took the lead with 1.15 million metric tons, while Thailand followed closely behind the Philippines in fourth place.
