In 2023, the municipal fisheries production in the Philippines stood at a notable value of X billion Philippine Pesos. The forecasted data from 2024 to 2028 shows a steady upward trend in value. For instance, the production value is expected to rise from 111.29 billion Pesos in 2024 to 121.92 billion Pesos in 2028.
Year-on-year variations indicate:
- 2025: +2.46%
- 2026: +2.65%
- 2027: +2.25%
- 2028: +2.17%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is an estimated average of 2.38% per year.
Future trends to watch for include potential impacts of climate change on fish populations, advancements in sustainable fishing practices, and government policies aimed at boosting production efficiency and supporting infrastructure in the fisheries sector.
