Forecast: Import of Parts of Aircraft and Spacecraft to Philippines

The forecast for the import of parts of aircraft and spacecraft to the Philippines shows a consistent upward trend for the years 2024 to 2028. The import value is expected to grow from 1.4911 Billion USD in 2024 to 1.7853 Billion USD in 2028. In 2023, the actual import value stood at 1.4247 Billion USD. The year-on-year variation from 2023 to 2024 is 4.67%, from 2024 to 2025 is 5.08%, from 2025 to 2026 is 4.73%, from 2026 to 2027 is 4.44%, and from 2027 to 2028 is 4.16%. The compound annual growth rate (CAGR) over these five years is approximately 4.62%.

Future trends to watch for include:

  • Increased investment in aviation infrastructure.
  • Rising demand for aircraft maintenance and upgrades.
  • Potential policy changes affecting import tariffs and trade relations.

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