The forecasted import of frozen fish to the Philippines shows a consistent year-on-year growth from 2024 to 2028. In 2023, actual imports stood at 520.21 million USD. For 2024, imports are forecasted to be 540.57 million USD, signifying a year-on-year increase of approximately 3.9%. This growth trend continues with variations of 3.9% in 2025, 3.7% in 2026, 3.5% in 2027, and 3.3% in 2028. Over the five-year period, the compound annual growth rate (CAGR) is 3.7%, reflecting steady expansion.
Future trends to watch for include potential impacts from global fish supply fluctuations, changes in trade regulations, and rising domestic demand for seafood. Monitoring these factors will be crucial for accurate forecasting and strategic planning.
