In 2023, the import volume of porcelain ware for laboratory, chemical, and technical use to the Philippines stood at 221.75 thousand kilograms. Based on the forecasted data, we observe a steady and incremental growth in import volume from 2024 through 2028. Specifically, the year-on-year percentage increase from 2023 to 2024 is approximately 1.41%, 2024 to 2025 is around 1.43%, 2025 to 2026 is about 1.37%, 2026 to 2027 is approximately 1.32%, and 2027 to 2028 is around 1.28%. The Compound Annual Growth Rate (CAGR) over the five years from 2023 to 2028 averages around 1.36%.
Future trends to watch for in the import of porcelain ware for laboratory, chemical, and technical use in the Philippines include advancements in technology leading to increased demand, potential changes in regulations affecting import practices, and economic fluctuations that could impact industrial activity. Monitoring these factors will be crucial to understanding and forecasting future import volumes accurately.