The forecasted import of manganese to the Philippines shows a steady decline from 92.09 thousand kilograms in 2024 to 78.42 thousand kilograms in 2028. Prior to 2024, the import value stood at 95.89 thousand kilograms in 2023. Analyzing the year-on-year variation: the projected decrease between 2023 and 2024 is approximately 4%, followed by a 3.8% decrease in 2025, a 3.9% decrease in 2026, a 4% decrease in 2027, and a 4% decrease in 2028, resulting in a Compound Annual Growth Rate (CAGR) of around -3.8% over this period.
Future trends to watch for include fluctuations in global manganese supply due to geopolitical issues, changes in the Philippines' industrial demands, and advancements in alternative materials that could affect the import volume of manganese. Monitoring these factors will be crucial in understanding and forecasting future import needs.
