Based on the provided data, the import volume of Ferro-Silico-Manganese to the Philippines is forecasted to increase consistently from 2024 to 2028. In 2023, the import volume stood at approximately 10.5 million kilograms. From 2024 to 2028, the year-on-year import values show a steady upward trend. The projected year-on-year variations are as follows: 3.75% for 2025, 3.53% for 2026, 3.35% for 2027, and 3.17% for 2028. The compound annual growth rate (CAGR) over this five-year period is about 3.45%, indicating a stable annual growth rate.
Future trends to watch for include potential changes in global supply chains, technological improvements in the steel industry, and economic policies affecting trade. Any significant developments in these areas could impact the import volume and growth rate of Ferro-Silico-Manganese to the Philippines.
