The import of soy sauce to the Philippines shows a positive growth trend from 2024 to 2028, with forecasted values increasing from $9.8247 million to $11.349 million. The year-on-year variations indicate a steady rise: 4.0% from 2024 to 2025, 3.8% from 2025 to 2026, 3.6% from 2026 to 2027, and 3.4% from 2027 to 2028. In terms of historical context, actual data for 2023 indicates a value of $9.450 million. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 3.7%.
Future trends to watch for include potential impacts of economic fluctuations, changes in trade policies, and shifts in consumer preferences toward healthier or locally-produced alternatives. Monitoring these factors will help in understanding the long-term trajectory of soy sauce imports in the Philippines.
