In 2023, the export volume of infant food in the Philippines stood at 10.0 thousand metric tons. According to the forecasted data, the export volume is expected to slightly decrease from 9.9 thousand metric tons in 2024 to 9.6 thousand metric tons in 2028. This indicates a gradual decline in the export volume over the forecasted period.
Year-on-year variation for the period from 2024 to 2028 shows a consistent but slight decrease, averaging around -1% per year. Specifically:
- 2024-2025: -1.01%
- 2025-2026: 0%
- 2026-2027: -1.02%
- 2027-2028: -1.03%
The Compound Annual Growth Rate (CAGR) over the last five-year period is expected to be approximately -0.98%, indicating a slow but continuous decrease in the export volume.
Future trends to watch for include potential shifts in global demand for infant food, changes in trade policies, and the impacts of any innovation in product formulations or packaging tailored to emerging markets, which could either mitigate or amplify the forecasted decline in export volumes.
