Analyzing the forecasted data for the export of natural rubber and gums from the Philippines, we observe a steady growth from 2024 to 2028. Starting from a value of 93.767 million USD in 2024, the exports are expected to increase annually, reaching a value of 103.28 million USD by 2028. Compared to the actual data from 2023, this consistent growth marks an ongoing positive trend.
The year-on-year percentage variation over the last two years shows a modest but stable increase. For instance, from 2024 to 2025, the export value increases by approximately 2.6%, while from 2025 to 2026, it rises by 2.5%. This pattern continues, showcasing the sector's resilience and potential for sustained growth.
The CAGR over the next five years further underscores this positive trend, indicating an average annual growth rate of around 2.5%. This growth trajectory not only reflects increasing global demand but also improvements in production efficiency and export strategies.
Future trends to watch for include advancements in sustainable and eco-friendly rubber production processes, potential impacts of global trade policies, and fluctuations in market demand driven by industries such as automotive and manufacturing. Monitoring these factors will be crucial for capitalizing on the anticipated export growth.