In 2023, the import of animal or vegetable fertilizers to the Philippines stood at $854.5K USD. The forecast for 2024 is $700.3K USD, marking an 18% decrease from the previous year. Further declines are projected year-on-year: 17.5% in 2025 ($578.05K USD), 21% in 2026 ($458.25K USD), 25.6% in 2027 ($340.85K USD), and 33.8% in 2028 ($225.79K USD). The compound annual growth rate (CAGR) from 2024 to 2028 is expected to be -24.6%, indicating a significant downward trend over these five years.
Future trends to watch for:
- Potential shifts in agricultural practices or policies affecting import reliance.
- Impact of global market fluctuations on supply chain consistency.
- Emergence of sustainable, locally-produced fertilizers that may substitute imports.
- Technological advancements in fertilizer efficacy and usage efficiency.
Latest reports
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China Fertilizer Market Report- Q1 2025
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Germany Fertilizer Market Report- Q1 2025
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India Fertilizer Market Report- Q1 2025
The Indian fertilizer market in the first quarter of 2025 is characterized by dynamic growth influenced by government policies, global supply chain dynamics,...
UK Fertilizer Market Report- Q1 2025
The UK fertilizer market in the first quarter of 2025 has been shaped by a dynamic interplay of industry trends, economic conditions, and...
France Fertilizer Market Report- Q1 2025
The French fertilizer market in Q1 2025 has shown both stability and transformation amidst global economic and geopolitical challenges. The sector's dynamics are...
Canada Fertilizer Market Report- Q1 2025
The Canadian fertilizer market in Q1 2025 is poised for significant growth, fueled by increased agricultural demand and a strategic shift towards sustainable...
Brazil Fertilizer Market Report- Q1 2025
The Brazil Fertilizer Market in Q1 2025 is undergoing significant transformations driven by both domestic initiatives and international dependencies. This quarter highlights Brazil's...
Italy Fertilizer Market Report- Q1 2025
The fertilizer market in Italy during the first quarter of 2025 faced a multitude of challenges and opportunities. Economic conditions, such as subdued...
