The import of parts of semiconductor devices and similar devices to the Philippines is forecasted to decline steadily from a volume of 258.93 thousand kilograms in 2024 to 202.98 thousand kilograms in 2028. This represents a consistent decrease over the forecasted period. The year-on-year variation shows a reduction of approximately 5.56% from 2024 to 2025, 5.77% from 2025 to 2026, 5.99% from 2026 to 2027, and 6.31% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period is approximately -6.17%, suggesting a significant annual decline on average. In 2023, the volume stood at a higher level than subsequent forecasted years.
Future trends to watch for include technological advancements in semiconductor production, shifts in global supply chains, potential changes in trade policies, and the rising demand for semiconductors driven by emerging technologies such as AI, IoT, and 5G. Monitoring these trends will be critical for predicting future import volumes and market dynamics in the Philippines.
