The import value of dried mushrooms and truffles to the Philippines is forecasted to increase steadily from 2024 through 2028. Starting from an actual import value of 863.11 thousand US dollars in 2023, the forecasted values demonstrate a consistent year-on-year growth, indicating a robust demand for these products.
- 2024: Increase by 1.7% from the previous year.
- 2025: Increase by 1.7% from 2024.
- 2026: Increase by 1.6% from 2025.
- 2027: Increase by 1.6% from 2026.
- 2028: Increase by 1.5% from 2027.
The compound annual growth rate (CAGR) over the period from 2024 to 2028 is approximately 1.6%, reflecting a stable and moderate growth trend for the import of dried mushrooms and truffles into the Philippines.
Future trends to watch for include supply chain stability, shifts in consumer preferences towards organic and specialty mushrooms, and changes in import policies. Keeping an eye on global production and pricing trends will also be essential to anticipate market dynamics effectively.