In 2023, the exports of rubber and plastic products from the Philippines to the UK stood at 14.5 Million US Dollars. From 2024 to 2028, the exports are forecasted to increase steadily from 14.945 Million US Dollars in 2024 to 16.808 Million US Dollars in 2028.
The year-on-year growth rates are as follows:
- 2024-2025: 3.2%
- 2025-2026: 3.0%
- 2026-2027: 2.9%
- 2027-2028: 2.8%
The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is approximately 3.0% per year.
Looking ahead, it will be important to watch for trends such as changes in trade policies between the UK and the Philippines, advancements in sustainable and eco-friendly rubber and plastic products, and shifts in market demand influenced by economic conditions and consumer preferences.
