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The Philippines Forestry Industry Outlook 2024 - 2028

See how the Philippines Forestry performed compared to key markets.

Key Market Indicators

The forestry sector in the Philippines is projected to expand significantly over the next five years. According to the latest data, the country's forestry revenue is expected to increase to approximately 404,000 hectares by 2028. This marks a rise from about 389,000 hectares recorded in 2023. This growth translates to an annual compound growth rate (CAGR) of 0.6% year on year. Historical data since 1995 shows a steady increase in the supply of forestry resources, with an average annual growth rate of 0.8%. The consistent growth trend underscores the sector's resilience and potential for further development in the coming years.

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The Philippines Forestry Market Data and Forecasts

How much will the Philippines Forestry Market grow to 2028?

Forecast: Import of Wood Sawn or Chipped Lengthwise to Philippines
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