Key Market Indicators
Philippine exports of frozen fish are expected to reach around $131.5 million by 2026, up 1.9% annually from 2021's $117.6 million. Since 2001, the country's supply of frozen fish has increased by 9.3% each year. In 2021, Fiji overtook the Philippines to become the 36th-largest exporter of frozen fish. Russia, the United States, and Chile ranked second, third, and fourth, respectively. Philippine imports of frozen fish are expected to reach $576 million by 2026, up 3.2% annually from 2021's $474.6 million. Since 2001, the country's demand for frozen fish has increased by 9.7% each year. In 2021, Nigeria overtook the Philippines to become the 13th-largest importer of frozen fish. Japan, Thailand, and South Korea ranked second, third, and fourth, respectively.
