In 2023, the import value of artificial flowers, foliage, and fruit (excluding plastic) to the Philippines stood at 2.5935 million USD. By 2024, the forecasted value is expected to rise to 2.6925 million USD, exhibiting a year-on-year increase of approximately 3.8%. The trend continues with a steady growth of around 3.8% in 2025, 3.5% in 2026, 3.4% in 2027, and 3.2% in 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is estimated to be roughly 3.5%.

Future trends to watch for:

Changes in consumer preferences and trends in home decor and events.
Economic factors such as inflation and exchange rates impacting overall import costs.
Environmental regulations and sustainability issues potentially affecting the choice of materials for artificial flowers, foliage, and fruit.
Technological advancements in artificial plant production.