In 2023, the distribution of table grapes in the Philippines stood at 89.47 thousand metric tons. Forecasted data for the years 2024 to 2028 show a consistent upward trend in table grape distribution. Specifically, projections indicate values of 98.2, 107.53, 116.77, 125.91, and 134.96 thousand metric tons for each respective year.
Year-on-year percentage increases reveal the following trends:
- 2024: 9.74%
- 2025: 9.5%
- 2026: 8.6%
- 2027: 7.83%
- 2028: 7.19%
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 8.26%, indicating a strong and steady growth trajectory.
Future trends to watch for include potential impacts of climate change on grape production, shifts in consumer preferences towards organic and sustainably farmed produce, and possible variations in trade tariffs and import policies that could affect supply chains. Monitoring these factors will be vital for stakeholders in the table grape distribution market in the Philippines.
