The forecast for aquaculture production of marine and partly-marine species in the Philippines shows a steady increase from 2024 to 2028, starting at 2.07 million metric tons in 2024 and reaching 2.1 million metric tons by 2028. As of 2023, the production stood at 2.06 million metric tons. The year-on-year variation from 2023 to 2024 is approximately 0.48%, with similar minor increases each subsequent year.
Over the last two years, there has been a stable but modest growth trend in aquaculture production. From 2022 to 2023, the increase was around 0.49%, with consistent growth observed from 2024 onwards. For the five-year period from 2023 to 2028, the compound annual growth rate (CAGR) is approximately 0.39%, indicating a gradual upward trend in production volumes.
Future trends to watch for include advancements in sustainable aquaculture practices, technological innovations in farming methods, and possible impacts of climate change on marine species production. Additionally, government policies and global market demands may significantly influence production levels.
