June 18, 2024

 

Philippines' fisheries output to reach nearly 2.9 million MT by 2032 due to higher aquaculture production

 

 

 

The Philippines' fisheries production is projected to rise by 12% to almost 2.9 million metric tons (MT) in 2032 on the back of higher aquaculture output, the United Nations' Food and Agriculture Organization (FAO) said.

 

In its latest global report, the FAO estimated that Philippine fish output in 2032 would reach 2.881 million MT, up from 2.572 million MT recorded in 2022. It noted that aquaculture production would contribute more to the country's fisheries production by 2032.

 

The Philippines' aquaculture output in 2022 stood at 804,000 MT, about 31% of its total fisheries production during the period, according to FAO.

 

In 2032, the contribution of aquaculture to overall fisheries output would increase to about 34% with estimated production at 965,000 MT or about a fifth higher than the 2022 volume.

 

"The top seven highest-producing countries in aquaculture are all in Asia: China, Indonesia, India, Vietnam, Bangladesh, Philippines and the Republic of Korea," the FAO said recently. "In 2022, these countries alone accounted for 86.2% of the total world production."

 

The Philippines is projected to remain as the fifth largest fish producer in Asia in 2032, according to the FAO.

 

Fish catch by the Philippines in 2022 reached 1.768 million MT, accounting for almost 69% of its total output, based on the FAO report.

 

Aquaculture now accounts for more than half of the country's annual fisheries production, according to the Philippine Statistics Authority. Almost 70% of the Philippines' aquaculture production is seaweed.


- The Philippine Star

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