The import of polyethylene waste or scrap to the Philippines stood at 1.081 million kilograms in 2023. The forecasted values for the subsequent years are as follows: 1.087 million kilograms in 2024, 1.0937 million kilograms in 2025, 1.1003 million kilograms in 2026, 1.1068 million kilograms in 2027, and 1.1131 million kilograms in 2028.
Growth trends indicate a steady increase in imports:
- The year-on-year variation from 2023 to 2024 is 0.56%.
- The year-on-year variation from 2024 to 2025 is 0.61%.
- The year-on-year variation from 2025 to 2026 is 0.60%.
- The year-on-year variation from 2026 to 2027 is 0.59%.
- The year-on-year variation from 2027 to 2028 is 0.57%.
Analyzing the compound annual growth rate (CAGR) from 2023 to 2028, there is an average annual increase of approximately 0.59%.
Future trends to watch for include potential changes in global recycling policies, advancements in polyethylene recycling technologies, and shifts in the local demand and environmental regulations in the Philippines. These factors could significantly impact the volume and trends of polyethylene waste imports.
