Based on the forecast data, the import of optical fibres, lenses, mirrors, and prisms to the Philippines is projected to grow steadily from $106.12 million in 2024 to $125.78 million in 2028. For context, the import value for 2023 stood at $101.25 million.
The year-on-year percentage change is as follows:
- 2024: 4.81%
- 2025: 4.77%
- 2026: 4.46%
- 2027: 4.18%
- 2028: 3.94%
The compound annual growth rate (CAGR) over the five-year forecast period is approximately 4.43%.
Future trends to watch for include emerging technologies in telecommunications and medical equipment, which could drive higher demand for optical fibres and precision optical components. Additionally, economic policies and supplier diversification could influence import volumes and values in the coming years.
