In 2023, the import value of moulds for metals, plastic, and rubber to the Philippines was recorded at $99.85 million. The forecasted data predicts a steady increase in the import value over the next five years, reaching $115.12 million by 2028. The year-on-year (YoY) percentage variations from 2024 to 2028 are as follows:
- 2024 to 2025: +3.06%
- 2025 to 2026: +2.90%
- 2026 to 2027: +2.76%
- 2027 to 2028: +2.64%
The Compound Annual Growth Rate (CAGR) over the forecasted five-year period stands at approximately 3.07%.
Future trends to watch for include increasing demand for advanced manufacturing technology, shifts in trade policies, and economic growth within the ASEAN region. These factors may play crucial roles in influencing the volume and value of mould imports. Additionally, innovations in the materials and design of moulds may drive changes in import dynamics.
