What is the price of crustaceans per kilogram/pound in Philippines today?
The retail price range for Philippines crustaceans is between US$ 5.33 and US$ 15.28 per kilogram or between US$ 2.42 and US$ 6.93 per pound(lb). Click here to see today's exact prices of crustaceans in Philippines
The retail price range in Philippine peso for crustaceans is between PHP 296.85 and PHP 850.13 per kilogram or between PHP 134.63 and PHP 385.55 per pound(lb) in Manila and Quezon.
Wholesale prices
In 2024, the approximate wholesale price range for Philippines crustaceans is between US$ 3.73 and US$ 10.69 per kilogram or between US$ 1.69 and US$ 4.85 per pound(lb).
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Philippines Crustaceans Export Prices - Historical, Trends and Prediction
The export price per kilogram of Crustaceans from Philippines over the last five years has been quite varied. In 2017, the price was 4.64 US $ per kg, followed by a significant increase to 7.50 US $ per kg in 2018. However, the price dropped to 2.69 US $ per kg in 2019 and then rose again to 4.49 US $ per kg in 2020. The price has remained relatively stable in 2021, at 4.72 US $ per kg. Based on this data, it is likely that the export price per kilogram of Crustaceans from Philippines will remain around 4.50 US $ per kg in 2023 and 2024.Philippines Crustaceans Import Prices - Historical, Trends and Prediction
The import price per kilogram of Crustaceans into Philippines has seen a steady increase over the last five years. In 2017, the price was 4.64 US dollars per kg, which increased to 7.50 US dollars per kg in 2018. This was followed by a slight dip in 2019, when the price dropped to 2.69 US dollars per kg. However, the price has been on the rise again since then, reaching 4.49 US dollars per kg in 2020 and 4.72 US dollars per kg in 2021. Based on the current trend, it is predicted that the import price per kilogram of Crustaceans into Philippines will be 5.00 US dollars per kg in 2023 and 5.25 US dollars per kg in 2024.Export values for Philippines crustaceans
The total values in export for crustaceans in the Philippines were US$ 398, US$ 357, US$ 405 and US$ 1,149 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Seafood category in Philippines: Sea Bass, Sea Bream, Lobster, Shrimps & Prawns, Crabs, Oysters, Scallops, Blue Mussel, Cuttlefish & Squid & Octopus.
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Philippines crustaceans - Production, Exports, Imports, Seasons and HS Codes
The quantity of crustaceans exported by the Philippines in 2020 was 541 metric tons. In 2019 The Philippines exported 427 tonnes of crustaceans. In 2019 alone, the demand for the Philippines crustaceans (seafood category) has escalated, with a change of 690.741 % compared to the year 2018. Between 2017 and 2019, crustaceans' exports grew by 454.55% netting the nation US$1.15m for the year 2019. the Philippiness' crustaceans exports are categorised as:
- Frozen crustaceans, even smoked, fit for human consumption, whether in shell or not, incl. crustaceans in shell, cooked beforehand by steaming or by boiling in water (excluding rock lobster and other sea crawfish, lobsters, crabs, Norway lobsters, shrimps and prawns); frozen flours, meals, and pellets of crustaceans, even smoked, fit for human consumption (HS code 030619)
- Crustaceans, prepared or preserved (excluding smoked, crabs, shrimps, prawns and lobster) (HS code 160540)
- Crustaceans, even smoked, fit for human consumption, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. crustaceans in shell, cooked by steaming or by boiling in water (excluding rock lobster and other sea crawfish, lobsters, crabs, Norway lobsters, shrimps and prawns); flours, meals and pellets of crustaceans, even smoked, fit for human consumption (HS code 030629)
- Crustaceans, fit for human consumption, whether in shell or not, dried, salted, smoked or in brine, incl. crustaceans in shell, cooked by steaming or by boiling in water (excl. rock lobster and other sea crawfish, lobsters, crabs, Norway lobsters, shrimps and prawns); flours, meals and pellets of crustaceans, dried, salted, smoked or in brine, fit for human consumption (HS code 030699)
- Crustaceans, fit for human consumption, whether in shell or not, live, fresh or chilled (excl. rock lobster and other sea crawfish, lobsters, crabs, Norway lobsters, shrimps and prawns); flours, meals and pellets of crustaceans, fit for human consumption, fresh or chilled (HS code 030639)
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Philippines crustaceans export values
In 2019, the Philippines exported crustaceans with a value of 1.15m USD, a growth of 183.95% from 2018's total crustaceans export of 0.405m USD. The annual increase in value of the Philippines crustaceans between 2017 to 2018 was 13.445 pc.
The per year change in the volume of the Philippiness' crustaceans exports between 2017 and 2019 was 454.55 per cent in comparison to a variation of 690.741% in the period between 2018 and 2019.
the Philippiness' share of the world's total crustaceans' exports in 2019 was 6.8 pc. The country holds number 4 in world exports of crustaceans.
Export markets for Philippines crustaceans ( in '000$ )
Import/Export Trends
the Philippines is a net exporter of crustaceans. The annual growth of the Philippines crustaceans in value between 2015 to 2019 was 59%, per year, while annual growth in quantity through the same period was 49%, per annum.
the Philippines imported 28 tonnes of crustaceans in 2019.