Based on the forecasted import data for fresh foliage and branches for bouquets to the Philippines from 2024 to 2028, there is a clear upward trend. In 2023, the value of imports stood at 152.65 thousand US dollars. The forecasted values show a year-on-year growth of approximately 4.31% in 2024, 4.32% in 2025, 4.06% in 2026, 3.83% in 2027, and 3.61% in 2028. The compound annual growth rate (CAGR) over this five-year period is around 4.23%.
Future trends to watch for include potential changes in import regulations, shifts in demand due to economic factors, and fluctuations in global supply chains that could impact import volumes and values. Additionally, environmental considerations and sustainability practices may influence future import dynamics.
