The forecast for cotton imports in the Philippines shows a consistent year-on-year decline from 2024 to 2028, starting at 32,000 units and decreasing by 1,000 units each subsequent year. Comparing the values from 2024 to 2023 reveals a notable annual decrease in volume. Over the last two years, the cotton imports showcased a downward trend, and the average variation per year over the next 5 years (CAGR) indicates a continued reduction.
Future trends to watch include potential shifts in global cotton prices, changes in local textile manufacturing demands, and evolving trade policies which could impact import volumes. Additionally, monitoring technological advancements in synthetic fiber production might affect the demand for cotton imports in the Philippines.