Fisheries imports in the Philippines have shown significant growth from 2023 to 2028. In 2023, the value of fisheries imports stood at 872.0 million USD. From 2024 onwards, the data are forecasted values, with the import value expected to reach 932.16 million USD in 2024, increasing to 994.41 million USD in 2025, 1060.0 million USD in 2026, 1120.0 million USD in 2027, and 1180.0 million USD in 2028.
The year-on-year variation indicates a steady increase in fisheries imports. Specifically, the year-on-year growth from 2024 to 2025 is approximately 6.7%, from 2025 to 2026 is around 6.6%, from 2026 to 2027 is 5.7%, and from 2027 to 2028 is about 5.4%.
The compound annual growth rate (CAGR) over this five-year period is estimated at 6.2%, reflecting a stable rise in fisheries import values.
Future trends to watch for include potential changes in global fishery supply chains, fluctuations in international market prices, and evolving domestic demand influenced by population growth and dietary shifts. Additionally, the impact of policies promoting sustainable fisheries and local aquaculture development could affect import trends.
