The import value of Vitamins A to the Philippines is expected to grow steadily from $21.553 million in 2024 to $25.425 million in 2028. This forecasted growth represents a consistent year-on-year increase, showcasing incremental rises of around 4.6% annually. When considering trends from the previous years, assuming 2023 rounded off close to the $20.6 million mark, there is clear upward momentum in demand.
Future trends to watch for:
- Potential policy changes in import tariffs and regulations affecting trade volume and value.
- Evolving nutritional supplement market dynamics, driven by consumer health awareness.
- Economic factors such as currency fluctuations and inflation that could impact import costs and pricing.
- Technological advancements in synthetic Vitamin A production which may affect the supply chain.