Based on historical data, the import of transporter or bridge cranes to the Philippines in 2023 stood at 11.32 million kilograms. Forecast data for the upcoming years indicates a steady increase: 2024 is expected to reach 11.54 million kilograms, 2025 at 11.777 million kilograms, 2026 at 12.009 million kilograms, 2027 at 12.236 million kilograms, and finally 2028 at 12.459 million kilograms. The year-on-year percentage increase is as follows:
• From 2023 to 2024: 1.90%
• From 2024 to 2025: 2.05%
• From 2025 to 2026: 1.97%
• From 2026 to 2027: 1.89%
• From 2027 to 2028: 1.82%
Over the last five years, the compound annual growth rate (CAGR) in import volume is 2.00%.
Future trends to watch for include potential infrastructure developments, government policies favoring industrial growth, and advancements in logistics and construction technologies. Examining these areas could provide insights into increasing demand and further growth in crane imports.
