The import of frozen prepared potatoes to the Philippines has been on a growth trajectory. In 2023, the imports stood at a certain baseline value. From 2024 to 2028, forecasts indicate a consistent increase from 193.88 million USD in 2024 to 226.56 million USD in 2028. The year-on-year percentage variations show:
- 2024 to 2025: An increase of approximately 4.34%.
- 2025 to 2026: An increase of around 4.08%.
- 2026 to 2027: A rise of about 3.85%.
- 2027 to 2028: An increment of roughly 3.62%.
Over the five-year period, the compound annual growth rate (CAGR) is approximately 3.93%, reflecting steady growth in imports.
Future trends to watch for include potential impacts of global supply chain disruptions, changes in trade policies, and evolving consumer preferences towards convenience food in the Philippines, which could further influence the demand and import patterns of frozen prepared potatoes.
