Key Market Indicators
Filipina fishing equipment exports are expected to hit $26 million by 2026, a 1.4% year-on-year average increase from 2021's $24 million. Since 2001, supply has grown 6.3% annually. In 2021, the country ranked 19th, behind Italy's $24 million. Japan, the United States and Malaysia came 2nd, 3rd and 4th respectively. Imports of fishing equipment in the Philippines are set to reach $7.3 million by 2026, a 1% year-on-year compound annual growth rate from 2021's $6.9 million. Since 2001, demand has risen 2.4% per year. In 2021, the country came 43rd, behind Belarus' $6.9 million. Japan, South Korea and Singapore took the 2nd, 3rd and 4th spots in the ranking.
