In 2023, the import of wool grease to the Philippines stood at 227.61 thousand US dollars. Forecasted data indicates a downward trend from 2024 to 2028. Specifically, the value is expected to decrease from 204.22 thousand US dollars in 2024 to 115.46 thousand US dollars in 2028.
Year-on-year variations show the following trends:
- 2024 to 2025: -11.2%
- 2025 to 2026: -12.3%
- 2026 to 2027: -13.8%
- 2027 to 2028: -15.7%
The Compound Annual Growth Rate (CAGR) over the last five years is projected to be -11.4%.
Future trends to watch for include potential shifts in global wool production, changes in trade policies, and technological advancements in alternative materials that could further impact the demand and import volumes of wool grease in the Philippines.
