In 2023, the import of aircraft parts to the Philippines stood at an actual value of 1.36 billion US Dollars. Beginning in 2024, the forecasted data indicate a steady year-on-year growth trend. By 2024, the value is expected to rise to 1.4315 billion US Dollars, showing a growth rate of approximately 5.30% from the previous year. This upward trend continues with the value reaching 1.504 billion in 2025, representing a 5.06% increase. In 2026, imports are projected to grow by 4.73% to 1.5751 billion US Dollars. This momentum sustains into 2027 and 2028, with anticipated values of 1.6448 billion and 1.7131 billion US Dollars, exhibiting growth rates of 4.42% and 4.15% respectively.
Over the past two years (2024-2025), the year-on-year variation shows an average increase of approximately 5.18%. Extending the observation to a five-year horizon from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is projected to be about 4.73% per year.
Future trends to watch for include advancements in aviation technology, potential shifts in global trade policies, and economic factors that may influence the aviation industry growth in the region. Additionally, local developments in the Philippine aviation sector, including airline expansions and regulatory changes, will be key factors affecting the import of aircraft parts.
