Philippines' fishery products export is projected to remain stable at 1.2 billion USD in 2024 and 2025, before declining slightly to 1.1 billion USD from 2026 to 2028 (expressed in 2018 constant USD). In 2023, the export value stood at 1.2 billion USD. The year-on-year percentage change indicates a stable trend for the first two forecasted years followed by a minor decline.
Notable trends over the past five years show a stable average annual variation, with a shift to a slight downward trend starting in 2026. The compound annual growth rate (CAGR) from 2024 to 2028 is slightly negative.
Future trends to watch include potential impacts of climate change on fishery yields, shifts in global demand, regulatory changes, and advancements in sustainable fishing practices. Keeping an eye on competitive markets and technological advancements in aquaculture could also provide critical insights.
