The import of animal feed to the Philippines is projected to grow consistently from 2024 to 2028. Starting at 406.41 million USD in 2024, imports are forecasted to increase to 458.26 million USD by 2028. This represents an average annual growth of about 2.47% CAGR over the five years, indicating a steady upward trend. Compared to the previous two years, the imports rose by approximately 3.29% from 2023 to 2024 and continued to grow year-on-year.
Key future trends to watch include potential fluctuations in global feed prices, changes in local agricultural policies, and shifts in livestock production demands. Additionally, external factors such as trade tariffs and currency exchange rates may also impact the forecasted growth of animal feed imports.
