Based on the forecasted data, the import of frozen fish fillets to the Philippines is expected to show a steady increase. The projected imports for 2024 stand at 39.773 million kilograms, marking a growth trend from the preceding years. In 2025, imports are anticipated to reach 41.39 million kilograms, a year-on-year increase of approximately 4.1%. The growth continues in subsequent years with 2026 forecasted at 42.974 million kilograms (an increase of roughly 3.8%), 2027 at 44.526 million kilograms (up by approximately 3.6%), and 2028 at 46.047 million kilograms (an approximate increase of 3.4%). The Compound Annual Growth Rate (CAGR) over these five years is around 3.7%, depicting a consistent upward trend.
Future trends to watch for include potential impacts of global trade policies on import prices, shifts in consumer demand towards sustainable and locally sourced seafood, and technological advancements in the cold chain logistics that may affect the volume and quality of imports. Monitoring these factors could provide deeper insights into the market dynamics and future import patterns of frozen fish fillets to the Philippines.
