The Philippines' fisheries exports for 2024 are estimated at $902.16 million, showing a steady growth trend from previous years. The exports are projected to increase to $924.91 million by 2028. From 2023 to 2024, the increase stands at $902.16 million, reflecting positive industry momentum.
The year-on-year growth rates are consistent: - 2025 shows a 0.63% increase from 2024.- 2026 shows a 0.63% increase from 2025.- 2027 shows a 0.62% increase from 2026.- 2028 shows a 0.62% increase from 2027.
The compound annual growth rate (CAGR) from 2024 to 2028 averages at approximately 0.63%, indicating modest but steady expansion of the sector.
Future trends to watch for include:- Government initiatives and investments to boost fisheries productivity.- Trade policies and bilateral agreements affecting export dynamics.- Technological adoption in fisheries and aqua farming.- Market demand fluctuations in key importing countries.
