In 2023, the meat stock volume in the Philippines stood at 350 Thousand Metric Tons. The forecast for 2024 predicts a volume of 363.5 Thousand Metric Tons, representing a year-on-year increase of approximately 3.86%. For 2025, the forecasted volume rises to 378.5 Thousand Metric Tons, marking a 4.13% increase from the previous year. The stock volume is expected to continue its growth trajectory through 2026, 2027, and 2028, with forecasted values of 393.21, 407.62, and 421.75 Thousand Metric Tons, respectively. The calculated average annual growth rate (CAGR) over the five-year period from 2024 to 2028 is around 3.78%.
Future trends to watch for include changes in consumer demand, shifts in meat production practices, government policies regarding agricultural and food industries, as well as the potential impact of international trade agreements. Monitoring these factors will provide critical insights into the stability and growth of the meat stock in the Philippines.
