In 2023, the import of vitrifiable enamels, glazes for ceramics and glass to the Philippines stood at 5.47 million kilograms. The forecasted values for 2024 to 2028 show a declining trend, decreasing from 5.43 million kilograms in 2024 to 5.27 million kilograms in 2028. The year-on-year percentage variation shows a consistent decrease, indicating a slight reduction in import volume each year. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is negative, reflecting an average annual decline in imports.
Future trends to watch for include potential shifts in the local ceramics and glass industry, changes in global supply chains, and economic factors that may impact the demand for vitrifiable enamels and glazes in the Philippines. Additionally, technological advancements and environmental regulations could influence the import volumes in the coming years.
