In 2023, the demand for freshwater fish in the Philippines stood at 804.45 thousand metric tons. The forecasted data from 2024 to 2028 shows a steady year-on-year increase:
- 2024: 805.11 thousand metric tons (up 0.08% from 2023)
- 2025: 805.83 thousand metric tons (up 0.09% from 2024)
- 2026: 806.53 thousand metric tons (up 0.09% from 2025)
- 2027: 807.22 thousand metric tons (up 0.09% from 2026)
- 2028: 807.9 thousand metric tons (up 0.08% from 2027)
The compound annual growth rate (CAGR) over the last five years (2024-2028) is minimal but positive, indicating a slow yet consistent increase in demand for freshwater fish in the Philippines.
Future trends to watch for include potential shifts in consumer preferences toward sustainable and locally sourced products, changing climatic conditions affecting fish populations and yields, and economic factors such as purchasing power and inflation rates which may impact consumer buying behavior.
