The export of iron ores and concentrates from the Philippines is forecasted to decrease steadily from 2024 to 2028. The value in 2024 is projected at 60.193 Million US Dollars, decreasing to 49.073 Million US Dollars by 2028. This represents a continuous year by year reduction, with a year-on-year percentage decline of approximately 4.8% from 2024 to 2025, 4.9% from 2025 to 2026, 5.1% from 2026 to 2027, and 5.2% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this period is anticipated to be around -5%.
Future trends to watch for include potential shifts in global demand for iron ores and concentrates, changes in production capacity, and significant policy or economic factors that might affect the Philippine mining sector. Monitoring these aspects will be crucial for anticipating further changes in export values beyond 2028. Logistical challenges, environmental regulations, and international trade agreements could also impact the forecasted trends.
