The import value of parquet panels and tiles of wood to the Philippines stood at 8.8002 million USD in 2023. From there, forecasts indicate a progressive increase in value, reaching 10.613 million USD by 2028. Year-on-year, this represents an annual growth rate ranging from approximately 5.31% in 2025 to around 4.15% in 2028. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is roughly 4.76%.
Future trends to watch for include the potential impact of changing housing and renovation demands, shifts in global timber supply and pricing, and evolving consumer preferences towards sustainable and eco-friendly building materials. Monitoring these factors can help predict shifts in import volumes and values in the coming years.
