In 2023, the import value of glass beads and imitation stones to the Philippines stood at 11.4 million US dollars. From 2024 onwards, the import values are forecasted to rise steadily: 11.976 million in 2024, 12.521 million in 2025, 13.055 million in 2026, 13.578 million in 2027, and 14.091 million in 2028.
Year-on-year percentage variations are as follows:
- 2024: +5.05%
- 2025: +4.55%
- 2026: +4.27%
- 2027: +4.01%
- 2028: +3.78%
Over the longer period, the Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 3.92%.
Looking ahead, trends to watch for include technological advancements in manufacturing imitation stones, shifts in global supply chains affecting raw material availability, and evolving consumer preferences in decorative and fashion accessories that could influence demand dynamics.
