The forecasted export of polypropylene from the Philippines shows a steady increase from 64.845 million kilograms in 2024 to 76.63 million kilograms in 2028. In 2023, the actual export value was 62.0 million kilograms. This indicates a year-on-year growth of approximately 4.6% from 2023 to 2024. The value continues to climb at an average rate of about 4.7% per year over the forecasted period, reflecting a stable upward trend.
On an annual basis, the export volume is expected to grow as follows: from 2024 to 2025 by 4.68%, from 2025 to 2026 by 4.38%, from 2026 to 2027 by 4.11%, and from 2027 to 2028 by 3.87%. The compound annual growth rate (CAGR) over the five-year forecast period (2024-2028) is approximately 4.5%.
Future trends to watch for include potential fluctuations in global demand and prices of polypropylene, advancements in production technologies, and changes in trade policies that could impact export competitiveness. Monitoring these factors will be crucial for anticipating shifts in the export landscape.
