The import of table knives to the Philippines is projected to decline steadily from 2024 to 2028. In 2023, the import volume stood at 173.95 thousand kilograms. The forecast data for subsequent years shows a consistent decrease, with values dropping to 166.27 thousand kilograms in 2024, 160.62 thousand kilograms in 2025, 155.09 thousand kilograms in 2026, 149.67 thousand kilograms in 2027, and 144.36 thousand kilograms in 2028.
Year-on-year variations present the following insights:
- 2022 to 2023: Actual rise/fall (not provided in data)
- 2023 to 2024: -4.42%
- 2024 to 2025: -3.40%
- 2025 to 2026: -3.44%
- 2026 to 2027: -3.49%
- 2027 to 2028: -3.55%
The Compound Annual Growth Rate (CAGR) over five years from 2023 to 2028 indicates an average annual decrease of 3.66% in volume.
Future trends to watch for include potential shifts in consumer preferences towards local products or changes in trade policies affecting imports. Monitoring global steel prices and advancements in domestic manufacturing capabilities may also influence future import volumes significantly.
