The forecast for metalliferous ores and metal scrap imports in the Philippines shows a downward trend from 2024 to 2028, with values decreasing gradually from PHP 29.22 billion to PHP 28.57 billion. As of 2023, the sector stood at PHP 29.35 billion. Year-on-year, the sector witnessed a minor decline of approximately 0.6% in 2024 and similar trends are expected through 2028, with an average annual decline (CAGR) of about 0.5% over the five years.
Future trends to watch for include the impact of global metal prices, changes in local industrial demand, and potential policy adjustments within the Philippines that could influence import volumes. Monitoring these factors will be critical for anticipating further shifts in the importation of metalliferous ores and metal scrap.
