The import volume of parquet panels and tiles of wood to the Philippines stood at 4.910 million kilograms in 2023. The forecast for 2024 indicates a volume of 5.1704 million kilograms, showing a year-on-year increase of approximately 5.3%. In 2025, the volume is anticipated to rise by 5.2% to 5.4382 million kilograms, followed by increases to 5.7006 million kilograms in 2026 (4.8%), 5.9577 million kilograms in 2027 (4.5%), and 6.2097 million kilograms in 2028 (4.2%). The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is projected at 4.8%.
Future trends to watch for include potential impacts from global economic conditions, changes in the construction industry within the Philippines, and fluctuations in raw material availability and pricing. Additionally, sustainability concerns and preferences for eco-friendly building materials could influence future import volumes.
