The pelagic fish market size volume per capita in the Philippines is experiencing a declining trend from 2024 to 2028. In 2024, the forecasted volume is 10.22 kilograms per capita, gradually decreasing to 9.2 kilograms per capita by 2028.
When considering the year-on-year variation, the volume decreases by approximately 2.5% from 2024 to 2025, 2.6% from 2025 to 2026, 2.6% again from 2026 to 2027, and 2.6% from 2027 to 2028. Looking at the compound annual growth rate (CAGR) over the five years from 2024 to 2028, the average annual decrease stands at around 2.6%.
Future trends to watch for include potential impacts of climate change on fish populations, changes in fishing practices and regulation, as well as shifts in consumer demand and preferences. Additionally, any economic developments or changes in trade policies could further influence market dynamics.
