Forecast: Metal Products Import in Philippines

In 2023, the Philippines' metal products import stood at 150 billion Philippine Pesos, based on constant 2018 prices. From 2024 through 2028, the forecasted import values indicate a steady upward trend. The value in 2024 is expected to be 155.96 billion PHP, showing a year-on-year increase of 3.97%. For 2025, the forecast increases to 161.96 billion PHP, reflecting a 3.85% rise from the previous year. The year-on-year variation for 2026 is 3.64%, with an expected import value of 167.85 billion PHP. Similarly, in 2027, the value rises by 3.44% to 173.62 billion PHP, and by 3.26% in 2028, reaching 179.27 billion PHP. The Compound Annual Growth Rate (CAGR) over this period is approximately 3.63%.

Future trends to watch for include potential impacts of global trade policies, fluctuations in commodity prices, and infrastructure development demands within the Philippines. Monitoring these factors will be essential in anticipating changes in import values and adjusting strategies accordingly.