In 2023, the actual import volume of animal feed preparations to the Philippines stood at XX million kilograms. The forecast for 2024 predicts the volume to be 219.61 million kilograms, increasing to 224.09 million kilograms in 2025, 228.48 million kilograms in 2026, 232.78 million kilograms in 2027, and 237.0 million kilograms in 2028.
The year-on-year percentage variations are as follows:
- From 2024 to 2025: 2.04%
- From 2025 to 2026: 1.96%
- From 2026 to 2027: 1.88%
- From 2027 to 2028: 1.81%
The Compound Annual Growth Rate (CAGR) over the last five years is X.XX%.
Future trends to watch for include potential impacts of changes in local agricultural practices, international trade policies affecting the supply chain, and shifts in demand driven by the growth of the livestock industry in the Philippines. Additionally, the impact of climate change on feed ingredient availability could play a crucial role in shaping future import volumes.
