Forecast: Import of Stone, Plaster, Cement, Asbestos and Mica to Philippines

In 2023, the import of stone, plaster, cement, asbestos, and mica to the Philippines stood at 365 million USD. The forecasted values indicate a steady growth trajectory in the coming years. Specifically, the imports are expected to increase from 379.65 million USD in 2024 to 441.49 million USD by 2028.

Year-on-year variation in percentage over the last two years:

- From 2023 to 2024: 4.01%
- From 2024 to 2025: 4.20%
- From 2025 to 2026: 3.94%
- From 2026 to 2027: 3.72%
- From 2027 to 2028: 3.52%

Compound Annual Growth Rate (CAGR) over the next five years is approximately 4.02%.

Future trends to watch for include evolving construction demands due to urbanization, changes in international trade policies, and potential disruptions in supply chains. Tracking these factors will be critical for anticipating shifts in import volumes and ensuring market adaptability.