According to the available data, the import value of steam and vapour-generating boilers to the Philippines is projected to rise steadily from 108.5 million USD in 2024 to 117.94 million USD in 2028. Compared to the actual import value in 2023, this indicates a continual growth trend. The year-on-year variation shows modest increases: 2.23% in 2024, 2.19% in 2025, 2.06% in 2026, and 1.98% in 2027. The Compound Annual Growth Rate (CAGR) over this five-year period stands at approximately 2.11%.
Future trends to watch for include potential shifts in energy policies promoting greener alternatives, technological advancements in boiler efficiency, and economic factors such as changes in industrial activity and government infrastructure investments, which can significantly influence import volumes.
