Based on the data, food imports in the Philippines are forecasted to slightly decrease over the next five years. In 2023, the value stood at 13.84% of Goods Imports. By 2028, it is expected to decline marginally to 13.8%. The year-on-year variation shows a minimal decrease of approximately 0.01% annually from 2024 to 2028. This translates to an average annual change (CAGR) of around -0.01% over the five-year period.
Future trends to watch for include potential shifts in global trade policies, changes in the domestic agricultural output, and economic growth factors that may impact import demands. Monitoring these factors could provide insights into the stability or further changes in food import levels.
