The forecasted data for the import of Bisphenol A and Diphenylolpropane to the Philippines from 2024 to 2028 shows a consistent year-on-year decline. The quantities are expected to decrease from 89.13 thousand kilograms in 2024 to 86.7 thousand kilograms in 2028. This represents a gradual but steady decrease, indicating a negative growth trend in the importation of these chemicals into the Philippines over the forecasted period. The Compound Annual Growth Rate (CAGR) for the period is indicative of a modest but consistent downtrend.
Looking ahead, it will be critical to monitor factors that could influence these trends, such as changes in domestic production capabilities, shifts in demand within key industries utilizing these chemicals, and regulatory changes affecting importation. Additionally, global market dynamics and environmental considerations may also play a significant role in shaping the future import patterns of Bisphenol A and Diphenylolpropane to the Philippines.
