The import of asbestos clothing, accessories, foot, and headwear to the Philippines shows a steady increase from 52.36 thousand kilograms in 2024 to 58.37 thousand kilograms in 2028. The average year-on-year percentage growth for the forecasted years is about 2.9%. The actual import volume for 2023 stood at 51.08 thousand kilograms, translating to a growth of 2.5% from 2023 to 2024. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 2.75%.
Future trends to watch for include potential regulatory changes regarding asbestos use, the availability of safer alternatives, and shifts in global supply chains due to geopolitical factors. Additionally, monitoring environmental and health advocacy against asbestos could impact import volumes and industry practices.
