Key Market Indicators
Filipina Aromatics Import is poised to hit approximately $4 million by 2028, up from around $3.1 million in 2023. This marks an average annual growth rate of 4%. Since 2001, the demand for aromatics in the Philippines has surged by an average of 3.5% annually. On the export front, the Philippines saw a dramatic increase in aromatic exports, reaching roughly $725,000 in 2017 from just $27 in 2016. This represents an astronomical rise of more than 2.6 million percent in just one year. Since 2017, the country's aromatic supply has continued to grow, with an average annual increase of 476%.
