In 2023, the export value of shrimps and prawns from the Philippines was X Billion Philippine Pesos. The forecast data from 2024 to 2028 shows a consistent upward trend in export value, growing from 19.79 Billion Philippine Pesos in 2024 to 21.3 Billion Philippine Pesos in 2028. The year-on-year growth percentages reflect a stable increase with slight variations.
Trends and variations over the last two years indicate the following percentage changes:
• 2024: +X% compared to 2023
• 2025: +1.97% compared to 2024
• 2026: +1.88% compared to 2025
• 2027: +1.85% compared to 2026
• 2028: +1.72% compared to 2027
The Compound Annual Growth Rate (CAGR) over the forecast period from 2024 to 2028 is approximately Y%, indicative of a steady increase each year.
Future trends to watch for include potential shifts in global shrimp and prawn demand, changes in trade policies, advancements in aquaculture technology, and sustainability practices. The Philippine shrimp and prawn export market seems poised for growth, underscored by positive economic indicators and the expanding international seafood market.
