In 2023, the value of Rubber and Plastic Products exports from the Philippines to Italy stood at approximately 16.278 million USD. Forecasted data for the years 2024 to 2028 show a steady increase in export values, reaching up to 17.602 million USD by 2028. Year-on-year percentage variations suggest modest growth rates, with each succeeding year witnessing an approximate average increase of around 2% to 3%. The Compound Annual Growth Rate (CAGR) for the forecasted period of 2024 to 2028 is estimated to be around 2%.
Future trends to watch for include potential impacts from global economic shifts, technological advancements in the rubber and plastic sectors, trade policies between the Philippines and Italy, and changes in global market demands for rubber and plastic products.
