The import of meat, fish, and seafood food preparations to the Philippines has shown a positive trend from 2024 onwards, with values poised to grow from 98.892 million USD in 2024 to 116.51 million USD in 2028. When compared with the value in 2023, which stood at 94.2 million USD, these figures indicate a steady year-on-year increase in import values.
Year-on-year variation analysis for the last two years (2023-2024 and 2024-2025):
- 2023 to 2024: 5.1% increase
- 2024 to 2025: 4.5% increase
Looking further, the Compound Annual Growth Rate (CAGR) over the five-year forecast period from 2023 to 2028 is approximately 4.43%, indicating a consistent annual growth trend.
Future trends to watch for include potential impacts from trade policies, shifts in consumer dietary preferences, and developments in sustainable sourcing and production practices within the meat, fish, and seafood sectors.
