The import of herbicides, anti-sprouting products, and plant-growth regulators to the Philippines is forecasted to rise steadily from 2024 to 2028, starting at 27.418 million kilograms in 2024 and reaching 31.737 million kilograms in 2028. Reflecting strong growth, the yearly increase in volume is approximately 3-4% from 2024 to 2028.
Compared to 2023, the import volume is anticipated to see a persistent upward trend. Year-on-year variations between 2024 and 2025 show a 4.06% increase, and between 2025 and 2026, a 3.82% rise. Continuing this pattern, from 2026 to 2027, the growth rate is forecasted at 3.61%, followed by a 3.41% increase from 2027 to 2028. Over the last 5 years, the compound annual growth rate (CAGR) reflects consistent average growth.
Future trends to watch for include technological advancements in agriculture, shifts in regulatory frameworks, and the impact of climate change on crop production, which might influence the demand for herbicides and plant growth regulators. Monitoring these factors will be crucial for understanding the potential fluctuations in the import volume of these products.
