Forecast: Textiles Exports to Philippines by Thailand

In 2023, Thailand's textile exports to the Philippines stood at $107.91 million. Forecasted data for the upcoming years indicate steady growth: $111.04 million in 2024, $114.44 million in 2025, $117.78 million in 2026, $121.04 million in 2027, and $124.25 million in 2028. The year-on-year percentage variations are as follows:

• 2024: +2.9%

• 2025: +3.1%

• 2026: +2.9%

• 2027: +2.8%

• 2028: +2.6%

Over the forecast period, the five-year compound annual growth rate (CAGR) is approximately 2.86%.

Future trends to watch for include shifting trade policies, fluctuations in raw material costs, technology integration in textile manufacturing, and competitive dynamics within ASEAN markets.