The import of cargo containers designed for carriage to the Philippines stood at 17.350 Million US Dollars in 2023. The forecast for imports shows an upward trend from 18.178 million USD in 2024 to 21.567 million USD by 2028. Year-on-year variations are as follows:
• 2024-2025: 4.8%
• 2025-2026: 4.5%
• 2026-2027: 4.2%
• 2027-2028: 4.0%
The Compound Annual Growth Rate (CAGR) for the period 2024 to 2028 stands at 4.4%, indicating a consistent increase over these years.
Future trends to watch for include the impact of global supply chain adjustments, economic policies in the Philippines that may affect imports, and technological advancements in cargo container manufacturing which could influence cost and import volume.