In 2023, the apples market size volume in the Philippines stood at 103.0 thousand metric tons. The forecasted data indicates a steady year-on-year growth beginning in 2024, with the market size volume reaching 104.0 thousand metric tons and continuing to incrementally rise to 108.0 thousand metric tons by 2028. This represents an annual increase of approximately 1.0 thousand metric tons each year.
- Year-on-Year Variations:
- 2024: 0.97%
- 2025: 0.96%
- 2026: 0.95%
- 2027: 0.94%
- 2028: 0.93%
The average compound annual growth rate (CAGR) over the last five years (from 2023 to 2028) is around 0.97%, indicating consistent, modest growth.
Future trends to watch for include potential shifts in consumer preferences towards organic or locally-sourced apples, potential impacts from climate change on apple production, and economic factors influencing import levels. Monitoring these trends will be crucial for market stakeholders.
