In 2023, the import value of wheat or meslin flour to the Philippines stood at approximately 39.8 million USD. This data suggests a downward trend from 2024 to 2028. The year-on-year variation notes a consistent decrease: 2.0% from 2024 to 2025, 2.0% from 2025 to 2026, 2.0% from 2026 to 2027, and 2.0% from 2027 to 2028. Over the last two years, the average annual decline (CAGR) has been around 2%. Looking ahead, the import value is projected to decline to 36.013 million USD by 2028.
Future trends to watch for:
- Domestic wheat production levels might affect import numbers.
- Changes in governmental import policies could further influence trends.
- Economic fluctuations and their impact on consumption patterns.
- Developments in global wheat supply chains and prices.
