The import value of Polymers of Ethylene into the Philippines stood at USD 94.30 million in 2023. The forecast data shows an upward trend with values projected to reach USD 96.701 million in 2024, USD 99.486 million in 2025, USD 102.22 million in 2026, USD 104.89 million in 2027, and USD 107.51 million by 2028. The year-on-year variation indicates a consistent increase, with the highest forecasted growth from 2023 to 2024 at approximately 2.54%, tapering slightly each subsequent year.
Yearly percentage variations:
- 2023 to 2024: 2.54%
- 2024 to 2025: 2.88%
- 2025 to 2026: 2.75%
- 2026 to 2027: 2.61%
- 2027 to 2028: 2.49%
The Compound Annual Growth Rate (CAGR) over the last five years is estimated at around 2.65%, reflecting a steady expansion in the import market for Polymers of Ethylene in the Philippines.
Future trends to watch for include potential market fluctuations due to changes in global supply chains, advancements in ethylene polymer technology, and economic developments in the Philippines that could affect overall import capacity and demand.
