In 2023, the import of rubberized textile knitted or crocheted fabric to the Philippines stood at 1.472 million US dollars. Forecasts indicate a gradual increase in imports over the next five years, starting from 1.5353 million US dollars in 2024 to 1.7852 million US dollars in 2028. Year-on-year percentage variations reflect steady growth: approximately 4.21% from 2023 to 2024, 4.20% from 2024 to 2025, 3.94% from 2025 to 2026, 3.72% from 2026 to 2027, and 3.52% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years stands at around 4.0%.
Future trends to watch for include advancements in textile technology that could influence import volumes, changes in trade policies impacting tariffs and duties, and shifts in demand from sectors utilizing rubberized textiles, such as automotive and apparel industries. Monitoring these factors will provide deeper insights into the stability and potential fluctuations in the import market.
