Forecast data indicates a steady increase in the import of knitted or crocheted fabric to the Philippines from 2024 to 2028. The value is projected to grow from 290.32 million USD in 2024 to 293.02 million USD in 2028. Comparing with the actual figure for 2023, there is a consistent annual growth, showing a marginal year-on-year increase.

Year-on-year variation percentages are expected to reflect stable but modest growth. Between 2024 and 2025, the increase is approximately 0.24%. From 2025 to 2026, the variation is around 0.23%, followed by about 0.23% in both 2026 to 2027 and 2027 to 2028.

The Compound Annual Growth Rate (CAGR) over the five-year period is modest, highlighting a sustainable upward trend.

Future Trends to Watch For:

Global economic factors affecting the textile industry
Changes in trade policies and tariffs affecting imports
Technological advancements in fabric production and demand in the fashion industry