In 2023, the import of moulding patterns to the Philippines stood at 8.9 million US dollars. The forecasted data for the years 2024 to 2028 shows a steady increase in imports, starting at 9.2557 million US dollars in 2024 and reaching 10.898 million US dollars by 2028. This progression indicates a consistent year-on-year growth in import value.
The year-on-year variations from 2023 to 2024 and from 2024 onwards are as follows:
- 2023 to 2024: +4%
- 2024 to 2025: +4.6%
- 2025 to 2026: +4.28%
- 2026 to 2027: +4.03%
- 2027 to 2028: +3.8%
The average compound annual growth rate (CAGR) over the last five years is projected to be around 4.15%, indicating a stable upward trend in imports.
Future trends to watch for include potential impacts of global supply chain disruptions, technological advancements in moulding processes, and changes in trade policies that could affect import volumes and values. Additionally, market demand fluctuations within the Philippines, driven by industrial growth and infrastructure projects, should be closely monitored.
