Key Market Indicators
Filipina container traffic volume is projected to reach approximately 13.1 million Twenty-Foot Equivalent Units (TEUs) by 2028, up from around 10.3 million TEUs in 2023. This marks an average annual growth rate of 3.8%. Since 2005, the country's demand for container traffic has grown consistently at an average rate of 3.5% per year. In 2023, the Philippines ranked 19th globally in container traffic volume. Notably, Saudi Arabia surpassed the Philippines with an identical volume of 10.3 million TEUs. In the same ranking, Slovenia, the United States, and Singapore secured the 2nd, 3rd, and 4th positions, respectively.
