The forecast for milk gross production in the Philippines shows a consistent downward trend from 2024 to 2028, starting at 6.26 million US Dollars PPP in 2024 and decreasing to 5.74 million US Dollars PPP by 2028. In 2023, the milk gross production stood at 6.40 million US Dollars PPP, marking a 2.19% decrease in 2024 compared to the previous year.
The year-on-year variations are as follows:
- 2024-2025: -2.24%
- 2025-2026: -2.13%
- 2026-2027: -2.17%
- 2027-2028: -2.05%
The compound annual growth rate (CAGR) from 2024 to 2028 is -2.14%, illustrating a steady decline in production value over this period.
In the future, trends to watch for include potential impacts of climate change, shifts in consumer preferences towards plant-based milk alternatives, and government policies aiming to boost domestic dairy production or import tariffs. These factors could either exacerbate the decline or mitigate it through various interventions.
