What is the price of lobster per kilogram/pound in Philippines today?
The retail price range for Philippines lobster is between US$ 11.97 and US$ 86.18 per kilogram or between US$ 5.43 and US$ 39.09 per pound(lb). Click here to see today's exact prices of lobster in Philippines
The retail price range in Philippine peso for lobster is between PHP 666.11 and PHP 4,795.99 per kilogram or between PHP 302.09 and PHP 2,175.05 per pound(lb) in Manila and Quezon.
Wholesale prices
In 2024, the approximate wholesale price range for Philippines lobster is between US$ 8.38 and US$ 60.33 per kilogram or between US$ 3.80 and US$ 27.36 per pound(lb).
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Philippines Lobster Export Prices - Historical, Trends and Prediction
The export price per kilogram of Lobster from Philippines has seen a steady increase over the last five years. In 2016, the price was 6.87 US $ per kg, followed by a sharp decline to 4.28 US $ per kg in 2017. The price then rose to 4.80 US $ per kg in 2018 and further to 3.29 US $ per kg in 2019. The latest year, 2020, saw the lowest export price of 2.63 US $ per kg. The price then rose to 6.06 US $ per kg in 2021. Based on the trend, it is predicted that the export price of Lobster from Philippines will be 6.90 US $ per kg in 2023 and 7.00 US $ per kg in 2024.Philippines Lobster Import Prices - Historical, Trends and Prediction
The import price per kilogram of Lobster into Philippines has seen a steady increase over the past five years. In 2017, the price was 4.28 US dollars per kg, which increased to 4.80 US dollars per kg in 2018. In 2019, the price dropped to 3.29 US dollars per kg, before increasing again to 2.63 US dollars per kg in 2020. The most recent data shows that the price has increased to 6.06 US dollars per kg in 2021. Based on this trend, it is predicted that the import price per kilogram of Lobster into Philippines will be 6.90 US dollars per kg in 2023 and 7.00 US dollars per kg in 2024.Export values for Philippines lobster
The total values in export for lobster in the Philippines were US$ 16,443, US$ 11,903, US$ 7,244 and US$ 4,890 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, Shrimps & Prawns, Crabs, Crustaceans, Oysters, Scallops, Blue Mussel, Cuttlefish & Squid & Octopus.
See prices of lobster in other countries across Asia: Kazakhstan lobster, Kyrgyzstan lobster, Tajikistan lobster, Turkmenistan lobster, Uzbekistan lobster, China lobster, Hong Kong lobster, Macao lobster, North Korea lobster & Mongolia lobster.
Philippines lobster - Production, Exports, Imports, Seasons and HS Codes
The amount of lobster exported by the Philippines in 2020 was 245 tonnes. In 2019 The Philippines shipped 1,086 tonnes of lobster. Across 2019 alone, the demand for the Philippines lobster (seafood category) has shrunk, flactuating by -27.114 % compared to the year 2018. Between 2017 and 2019, lobster's exports decreased by -60.79% bringing the nation US$4.89m for the year 2019. the Philippiness' lobster exports are categorised as:
- Lobster (HS code 0306Xd)
- Lobster, prepared or preserved (excluding smoked) (HS code 160530)
- Frozen Norway lobsters "Nephrops norvegicus", even smoked, whether in shell or not, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030615)
- Lobsters "Homarus spp.", whether in shell or not, dried, salted, smoked or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030692)
- Frozen lobsters "Homarus spp.", even smoked, whether in shell or not, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030612)
- Lobsters "Homarus spp.", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030622)
- Frozen rock lobster and other sea crawfish "Palinurus spp.", "Panulirus spp." and "Jasus spp.", even smoked, whether in shell or not, incl. rock lobster and other sea crawfish in shell, cooked by steaming or by boiling in water (HS code 030611)
- Norway lobsters "Nephrops norvegicus", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030625)
- Norway lobsters "Nephrops norvegicus", whether in shell or not, live, fresh or chilled (HS code 030634)
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", whether in shell or not, live, fresh or chilled (HS code 030631)
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. in shell, cooked by steaming or by boiling in water (HS code 030621)
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", whether in shell or not, dried, salted, smoked or in brine, incl. in shell, cooked by steaming or by boiling in water (HS code 030691)
- Norway lobsters "Nephrops norvegicus", whether in shell or not, dried, salted, smoked or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030694)
- Lobsters "Homarus spp.", whether in shell or not, live, fresh or chilled (HS code 030632)
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Philippines lobster export values
In 2019, the Philippines shipped lobster worth 4.89m USD, a contraction of -32.50% from 2018's total lobster export of 7.244m USD. The yearly change in value of the Philippines lobster between 2017 to 2018 was -39.141%.
The per year variation in the volume of the Philippiness' lobster exports between 2017 and 2019 was -60.79% compared to a variation of -27.114% in the period between 2018 and 2019.
the Philippiness' portion of the world's total lobster's exports in 2019 was less than 1%. The country is ranked number 45 in world exports of lobster.
Export markets for Philippines lobster ( in '000$ )
Import/Export Trends
the Philippines is a net importer of lobster. The annual growth of the Philippines lobster in value between 2015 to 2019 was 19%, per annum, while annual growth in quantity during the same period was 17%, per annum.
the Philippines purchased 415 tonnes of lobster in 2019.