The Soybeans market in the Philippines exhibited a steady volume of 6,000 metric tons from 2024 to 2026. The forecast shows an increase to 7,000 metric tons for 2027 and 2028. Comparative analysis to 2023 indicates the volume remains steady initially with a projected growth beginning in 2027. The year-on-year percentage variation for 2025 and 2026 is 0%, while for 2027, it signifies a 16.67% increase and remains steady through 2028. The Compound Annual Growth Rate (CAGR) over the forecasted period (2024-2028) is approximately 3.45%.
Future trends to watch for include potential changes in domestic agricultural policies, shifts in global soybean prices, and advancements in agri-technology which might impact the Philippines' production and import dynamics. Sustained economic growth and evolving dietary preferences for plant-based proteins may also influence demand.
