The import of knit or crochet fabric of manmade fibers to the Philippines is projected to decline steadily from 2024 to 2028. In 2024, the forecasted import value is $38.945 million, which is expected to drop to $29.429 million by 2028. Comparing the annual variations, 2025 sees a decline of approximately 6.3% from 2024, 2026 has a decrease of about 6.6% from the previous year, 2027 shows a reduction of roughly 6.9%, and 2028 declines by 7.3%. The compounded annual growth rate (CAGR) over the projected period is -6.0%.

Future trends to watch for:

Potential economic shifts in the Philippines that may affect import demands.
Changes in global trade policies or tariffs impacting manmade fiber costs.
Technological advancements in local manufacturing that could reduce dependency on imports.
Environmental regulations that might influence sourcing preferences.