The import of woven fabric of glass fibres to the Philippines has been projected with a steady increase in volume from 2024 to 2028. In 2023, the volume stood noticeably lower compared to the projected values, establishing a baseline for growth analysis. The year-on-year variation from 2024 to 2025 is approximately 2.34%, from 2025 to 2026 is around 2.23%, from 2026 to 2027 is about 2.15%, and from 2027 to 2028 is approximately 2.06%. The compound annual growth rate (CAGR) over the 5-year forecast period is around 2.19%.
Future trends to watch for include potential impacts of technological advancements in production, shifts in international trade policies, and the possible rise in demand driven by infrastructure development and industrial applications within the Philippines. Keeping an eye on these factors can provide insights into any deviations from the forecasted growth trajectory.
