The import of Plasticised Polyvinyl Chloride to the Philippines stood at 8.64 million kilograms in 2023. The forecasted import value for 2024 is also 8.64 million kilograms, indicating stabilization for the upcoming year. The annual values for 2025, 2026, 2027, and 2028 are expected to be 8.879, 9.1132, 9.3427, and 9.5677 million kilograms, respectively, showing a consistent growth pattern.
Year-on-year variations in percentage indicate steady rises: - From 2024 to 2025, an increase of approximately 2.77%.- From 2025 to 2026, an increase of around 2.64%. - From 2026 to 2027, an increase of about 2.52%. - From 2027 to 2028, an increase of roughly 2.41%.
Over the last five years, the Compound Annual Growth Rate (CAGR) is around 2.56%, revealing a steady upward trend.
Future trends to watch for include potential changes in global supply chains, raw material availability, and economic policies that could impact the import volumes. Monitoring advancements in domestic production capacity could also be essential.
