TILAPIA
According to the Philippine Statistics Authority (PSA), the country’s fish market has grown steadily over the years. Here’s an update on the tilapia market size, domestic consumption, and exports, with a focus on US exports:
MARKET SIZE
The Philippine tilapia industry has been thriving, with the market size projected to reach PHP 124.4 billion (approximately USD 2.4 billion) by 2025 (Source: Euromonitor International). In 2020, the market size was PHP 93.8 billion (approximately USD 1.8 billion).
Domestic Consumption
Philippine consumers’ demand for tilapia continues to grow, driven by its popularity in food sources. In 2020, domestic consumption reached 241,246 metric tons, with an average annual growth rate of 4.2% from 2015 to 2020 (Source: Food and Agriculture Organization of the United Nations (FAO))
Tilapia Export
The Philippines is the world’s 12th largest tilapia producer (Source: FAO). In 2020, the country exported 143,971 metric tons of tilapia, valued at PHP 56.4 billion (approximately USD 1.1 billion). The major destinations for Philippine tilapia exports are:
Japan
34.3% share
United States
14.4% share
China
10.3% share
South Korea
6.3% share
US Exports
The United States is a significant market for Philippine tilapia. In 2020, the country exported 20,441 metric tons of Tilapia to the US, valued at PHP 8.4 billion (approximately USD 165 million).
To give you a better idea of the growth trend, here’s the historical data on Philippine tilapia exports to the US:
| Year | Volume (metric tons) | Value (USD million)
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Overall, the Philippine Tilapia Industry is expected to continue growing, driven by domestic demand and increasing exports to key markets, including the US.
Return of Investment Table (ROI)
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