In 2023, the import of domestic vacuum cleaners to the Philippines stood at 712.53 thousand kilograms. Forecasted data shows a gradual decline from 708.31 thousand kilograms in 2024 to 691.68 thousand kilograms by 2028. Year-on-year variations indicate a steady decrease of approximately 0.6% annually from 2024 to 2028. Over the last five years, this results in a Compound Annual Growth Rate (CAGR) of -0.72%, highlighting a consistent trend of diminishing import volumes.
Future trends to watch for include potential technological advancements in cleaning devices that could alter consumer preferences, economic factors influencing import capacity, and any shifts in local production capabilities which could impact the reliance on imports.
