The coffee import volume in the Philippines is forecasted to follow an upward trend over the next five years. Starting at 789.35 thousand metric tons in 2024, it is expected to reach 911.33 thousand metric tons by 2028. For context, in 2023, the volume stood at 760.23 thousand metric tons.
Year-on-year variations are as follows:
• 2024: 3.83%
• 2025: 3.97%
• 2026: 3.75%
• 2027: 3.54%
• 2028: 3.35%
The compound annual growth rate (CAGR) from 2024 to 2028 stands at 3.49%, reflecting steady growth.
Future trends to watch for include increasing domestic consumption, shifts in global coffee prices, and potential impacts from climate change on coffee production in exporting countries.