The import of artificial graphite to the Philippines is projected to decrease consistently from 2024 to 2028. In 2024, the value is forecasted at $159.24 thousand US dollars. This value declines to $154.02 thousand US dollars in 2025, representing a year-on-year decrease of approximately 3.3%. The trend continues with values dropping to $148.9 thousand US dollars in 2026, marking a 3.3% decrease from the previous year. The import value further reduces to $143.88 thousand US dollars in 2027 and $138.97 thousand US dollars in 2028. Over the analyzed five-year period, the cumulative annual growth rate (CAGR) is expected to reflect a negative trend.
Future trends to watch for include:
- Potential developments in local production capabilities which could influence import dependency.
- Global price fluctuations of artificial graphite impacting the import costs.
- Technological advancements and alternative materials that might reduce the demand for artificial graphite.
- Trade policies and tariffs that could either hinder or benefit importing activities.
