The import of domestic electric coffee or tea makers to the Philippines in 2024 is forecasted at 296.51 thousand kilograms, marking a decline after the 2023 value, which stood at 310.44 thousand kilograms. The year-on-year variations show a progressively declining trend: 2025 is forecasted at 283.82 thousand kilograms, a 4.30% decrease from 2024. The trend continues with 2026 at 271.39 thousand kilograms (a 4.38% decline from 2025), 2027 at 259.21 thousand kilograms (a 4.48% decline from 2026), and 2028 at 247.27 thousand kilograms (a 4.61% decline from 2027). The Compound Annual Growth Rate (CAGR) illustrates an average annual decline of approximately 4.44% over the last five years.
Future trends to watch for include potential changes in domestic consumption patterns, increasing local production capabilities, and potential economic policies that may impact import tariffs. Monitoring technological advancements in electric coffee or tea makers and their adoption rates, as well as market saturation levels, could provide additional insights.
