Key Market Indicators
Filipina imports of shellfish are expected to increase to $5.2 million by 2026, up from $4.2 million in 2021. This is due to an average annual growth rate of 3.6%. Since 2001, Filipina demand has grown by 7.5% year-on-year. In 2021, the Philippines ranked 36th, with Latvia in the lead at $4.2 million. Japan, South Korea and the United Kingdom rounded out the top four. Filipina exports of shellfish are predicted to reach $114.7 million by 2026, up from $94.4 million in 2021. This is due to an annual growth rate of 3%. Since 2001, supply has risen by 8.2% year-on-year. In 2021, the Philippines came in 15th, with South Korea in the lead at $94.4 million. Vietnam, Thailand and Indonesia completed the top four.
