In 2023, the export of adhesives based on rubber or plastic from the Philippines stood at a certain level, and forecasted data shows a downward trend from 2024 onwards. The volume of exports is expected to decrease from 672.72 thousand kilograms in 2024 to 423.47 thousand kilograms by 2028.
Year-on-year variation indicates a decreasing trend with a reduction of approximately:
• 9.5% in 2025 compared to 2024
• 10.3% in 2026 compared to 2025
• 11.3% in 2027 compared to 2026
• 12.5% in 2028 compared to 2027
The compound annual growth rate (CAGR) over the five-year forecast period (2024-2028) shows an average annual decrease of around 10.6%.
Future trends to watch for include advancements in adhesive technologies, fluctuations in raw material prices, international trade policies, and competitive pressures from other countries. Monitoring these factors will be crucial for anticipating potential market shifts and opportunities.
