The import of artificial flowers, foliage, and fruit to the Philippines in 2023 was valued at 8.45 million USD. Forecasts indicate a steady increase from 2024 to 2028, reaching 10.34 million USD in 2028. This reflects a year-on-year growth of:
- 2024: 4.30%
- 2025: 4.46%
- 2026: 4.18%
- 2027: 3.94%
- 2028: 3.71%
The compound annual growth rate (CAGR) over the last five years is forecasted to be approximately 4.12%.
Future trends to watch for include potential impacts of changing consumer preferences towards sustainable products, economic fluctuations, and trade policy alterations. Additionally, technological advancements in artificial flower production may influence import volumes and values.
