The import of yogurt to the Philippines is expected to decline from 2024 to 2028. After standing at 5.4161 million kilograms in 2023, the forecast shows a reduction in volume year-on-year:
- 2024: 9.8% decrease
- 2025: 10.8% decrease
- 2026: 11.9% decrease
- 2027: 13.3% decrease
- 2028: 15.0% decrease
Overall, the Compound Annual Growth Rate (CAGR) from 2024 to 2028 is -10.1%, reflecting a consistent downward trend in yogurt imports.
Future trends to watch for include shifts in domestic production, changes in consumer preferences towards locally-produced yogurt, potential trade policies, or tariff changes, and any significant economic changes that may impact dairy imports. Monitoring these factors will provide valuable insights into the longer-term trajectory of yogurt imports into the Philippines.
