The forecast for the import of Propylene Glycol (Propane-1,2-Diol) to the Philippines from 2024 to 2028 indicates a gradual decline. In 2023, the actual imports stood at 3.1533 million kilograms. When analyzed year-on-year, the data shows a consistent downward trend: from 2024 to 2025, there is a reduction of approximately 3.2%; from 2025 to 2026, around 3.2%; from 2026 to 2027, about 3.2%; and from 2027 to 2028, roughly 3.3%. This indicates an average compound annual growth rate (CAGR) of -3.2% over the last five years.
Key Factors to Watch for:
- Global market demand fluctuations.
- Changes in regulatory policies affecting imports.
- Technological advancements influencing production efficiency.
- Economic conditions within the Philippines impacting industrial usage.
