In 2023, municipal fisheries production in the Philippines stood at 1.0858 million metric tons. The forecasted data indicates a gradual decline in production value over the next five years: 1.0783 million metric tons in 2024, 1.071 million metric tons in 2025, 1.0639 million metric tons in 2026, 1.0569 million metric tons in 2027, and 1.0501 million metric tons in 2028. This shows a year-on-year decrease of approximately 0.65% from 2024 to 2025, 0.66% from 2025 to 2026, 0.66% from 2026 to 2027, and 0.64% from 2027 to 2028. Over the five-year period from 2023 to 2028, the compound annual growth rate (CAGR) is projected to be around -0.66%.
Future trends to watch for include the potential impacts of climate change on fish populations, advancements in sustainable fishing practices, and shifts in regulatory policies that may influence municipal fisheries production in the Philippines.
