The forecast for the import of refined soybean oil to the Philippines shows a consistent upward trend. In 2023, the imports stood at a specified value not provided here. From 2024 to 2028, the values are forecasted to increase progressively from 26.997 million USD to 29.952 million USD. The year-on-year variation shows an average increase in the percentage range of approximately 2.8% to 3.0%. Over the five years from 2024 to 2028, the compound annual growth rate (CAGR) is around 2.8%.

Future trends to watch for:

Changes in global soybean oil prices which could impact import values.
Philippines domestic production of soybean oil and potential shifts towards self-sufficiency.
Economic policies and trade agreements that could affect import tariffs and volume.
Consumer demand trends and preferences in the Philippines impacting the import quantity.