In 2023, the import value of air conditioners with refrigerating units to the Philippines stood at a certain value. For 2024, the import value is forecasted to be 306.05 thousand. Year-on-year growth for 2025 is expected at 4.96%, increasing to 321.23 thousand. The positive trend continues in 2026 with a 4.63% increase to 336.1 thousand. In 2027, the imports are projected to grow by 4.34% to 350.68 thousand, and for 2028, an increase of 4.08% is forecasted, reaching 364.97 thousand. The compounded annual growth rate (CAGR) from 2024 to 2028 is approximately 4.5%.
Future trends to watch for include:
• Technological advancements in energy-efficient air conditioning units.
• Potential changes in trade regulations affecting import dynamics.
• Economic factors influencing consumer purchasing power and demand for durable goods.
