The import of coal to the Philippines is set to rise steadily over the coming years, with values projected to reach $2.4022 billion in 2024, $2.5128 billion in 2025, $2.6212 billion in 2026, $2.7275 billion in 2027, and $2.8316 billion in 2028. This represents a consistent year-on-year increase of roughly 4.6%. Compared to the actual import value in 2023 of $2.294 billion, this forecast reflects a compounded annual growth rate (CAGR) of approximately 4.4% from 2024 to 2028.
Future trends to watch for include the ongoing governmental policies on renewable energy, which might affect coal import demands, as well as global coal pricing fluctuations and potential economic disruptions that could impact the projected growth trajectory in coal imports.
