Based on the forecasted data from 2024 to 2028, the export value of rubber and plastic products from the Philippines to China is projected to see a steady increase. The values for the subsequent years are: $49.437M in 2024, $51.304M in 2025, $53.134M in 2026, $54.927M in 2027, and $56.684M in 2028. In comparison, the actual value for 2023 stood at approximately $47.71M.
Year-on-Year variations:
- 2025 vs 2024: 3.78% increase
- 2026 vs 2025: 3.57% increase
- 2027 vs 2026: 3.37% increase
- 2028 vs 2027: 3.20% increase
Compounded Annual Growth Rate (CAGR) for the period from 2024 to 2028 is estimated to be around 3.48%.
Future trends to watch for include the potential impact of new trade agreements, shifts in demand due to emerging industries in China, and changes in raw material prices. Monitoring China's economic policies and environmental regulations may also provide insights into future export opportunities and challenges.
