The forecasted rubber and plastic products exports from the Philippines to Turkey show a steady increase from 2024 to 2028. In 2023, the value stood at 4.41 million USD. Expected values are 4.4816 million USD in 2024, rising to 4.7817 million USD in 2028. This indicates moderate year-on-year growth, with a compound annual growth rate (CAGR) of around 1.77% over the five-year period.
Future trends to watch for:
- Changes in bilateral trade agreements that could impact tariffs and export volumes.
- Technological advancements in the rubber and plastic industry that may offer a competitive advantage.
- Economic conditions in Turkey that could affect demand for imported goods.
- The impact of global supply chain disruptions on the export pipeline from the Philippines.
