The analysis of the import of packing containers, including record sleeves, to the Philippines shows a steady increase from 2024 through 2028. Based on the data provided, the import volume in 2023 was 1.874 million kilograms.
Year-on-year variations demonstrate a consistent but modest growth. Specifically:
- From 2024 to 2025, the volume increases by 0.16%.
- From 2025 to 2026, there is a 0.15% rise.
- From 2026 to 2027, the growth rate is 0.15%.
- From 2027 to 2028, the import volume increases by 0.15%.
Calculating the Compound Annual Growth Rate (CAGR) from 2023 to 2028, the average annual increase is approximately 0.15%. This consistent but minimal growth indicates a stable demand for packing containers and record sleeves.
Future trends to monitor include potential shifts in the packaging industry due to technological advancements and sustainability initiatives. Any significant policy changes or fluctuations in import duties could also impact the volume of imports. Watch for emerging markets in sustainable packaging, which may influence future demand.