In 2023, the export value of frozen vegetables from the Philippines stood at an undisclosed amount. From 2024 to 2028, the forecasted data shows a steady increase in export value, starting at approximately $8.85 million in 2024 and reaching $10.64 million by 2028.
The year-on-year variation shows:
- From 2024 to 2025: a growth of 5.21%.
- From 2025 to 2026: a growth of 4.85%.
- From 2026 to 2027: a growth of 4.54%.
- From 2027 to 2028: a growth of 4.24%.
The compound annual growth rate (CAGR) over this period is significant, indicating a sustained upward trend in the export of frozen vegetables from the Philippines.
Future trends to watch for include potential impacts of climate change on agricultural yield, shifts in global trade policies, and growing demand for convenient, nutritious food options that could further boost the frozen vegetable market.
