Key Market Indicators
Filipina DC motor imports are projected to surge to approximately $18 million by 2028, up from around $14 million in 2023. This represents an average annual growth rate of 3.9%. Notably, since 2001, the demand for DC motors in the Philippines has consistently increased by an average of 4.4% each year. In stark contrast, the country's DC motor exports have experienced a significant decline. In 2018, exports plummeted to roughly $3.2 million, a steep drop from about $10 million in 2017. This marks a dramatic year-on-year decrease of 68.4%.
