The forecast for fish farming production in the Philippines from 2024 to 2028 shows a steady decline, starting from 2.1821 million metric tons in 2024 to 2.0653 million metric tons in 2028. In 2023, production stood at 2.212 million metric tons. Year-on-year variations reveal a declining trend with -1.36% in 2024, -1.36% in 2025, -1.38% in 2026, -1.37% in 2027, and -1.37% in 2028. The five-year compounded annual growth rate (CAGR) is -1.37%.
Future trends to watch for include technological advancements in aquaculture, shifts in governmental policies impacting the sector, climate change effects, and global market dynamics that may influence both the supply and demand sides of fish farming in the Philippines.
