The import of prepared or preserved mushrooms and truffles to the Philippines is projected to increase steadily from 2024 to 2028. The values for the forecasted years show a consistent upward trend, moving from 15.785 million US dollars in 2024 to 18.129 million US dollars in 2028. In 2023, the import value stood at 15.278 million US dollars.
Year-on-year variations:
- 2023 to 2024: 3.32% increase
- 2024 to 2025: 3.82% increase
- 2025 to 2026: 3.6% increase
- 2026 to 2027: 3.42% increase
- 2027 to 2028: 3.24% increase
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 3.48%.
Future trends to watch for include changes in consumer demand for premium and organic products, potential shifts in trade policies, and the impact of economic conditions on import capacity. Additionally, advancements in food preservation technologies could influence import volumes and values.