The forecast for Malaysia's audiovisual and broadcasting services exports to the Philippines demonstrates a steadily decreasing trend. In 2023, the value stood at 951.83 thousand US dollars, with forecasted values for the years 2024 through 2027 showing a consistent year-on-year decline. Specifically, forecasted values are 941.69 thousand US dollars for 2024, 931.76 thousand US dollars for 2025, 922.02 thousand US dollars for 2026, and 912.48 thousand US dollars for 2027.
-Year-on-year variation for 2024 shows a decline of approximately 1.06% from 2023.
-Year-on-year variation for 2025 indicates a further decrease of around 1.05% from 2024.
-Year-on-year variation for 2026 depicts a reduction of about 1.05% from 2025.
-Year-on-year variation for 2027 continues the trend with a decrease of roughly 1.04% from 2026.
The Compound Annual Growth Rate (CAGR) over these five years reflects an average annual decline of approximately 1.05%.
Future trends to watch for include the impact of technological advancements in digital content delivery and potential policy changes between Malaysia and the Philippines that could influence trade dynamics. Monitoring these factors will be crucial for anticipating further shifts in the audiovisual and broadcasting services market.
