In 2023, the import of complex fluorine salts to the Philippines stood at 97.2 thousand kilograms. Based on the forecasted data, there is a noticeable declining trend in import volumes from 2024 to 2028, starting at 94.62 thousand kilograms in 2024 and decreasing incrementally to 85.09 thousand kilograms by 2028.
The year-on-year percentage variations are as follows:
- From 2024 to 2025: -2.6%
- From 2025 to 2026: -2.6%
- From 2026 to 2027: -2.6%
- From 2027 to 2028: -2.6%
Analyzing the Compound Annual Growth Rate (CAGR) over the last five years, the average annual variation is projected to be -2.6%.
Future trends to watch for include potential impacts of global market changes on supply chains, advancements in alternative technologies reducing the need for fluorine salts, and regulatory developments that might affect the chemical import market.
