Forecast: Import of Glass-Ceramic Ware for Table Kitchen to Philippines

In 2023, the import value of glass-ceramic ware for table kitchen to the Philippines stood at 3.488 million USD. The forecasted data for the following years indicate a steady upward trend, with projected values of 3.6339 million USD in 2024, 3.7872 million USD in 2025, 3.9374 million USD in 2026, 4.0846 million USD in 2027, and 4.2288 million USD in 2028.

Year-on-year variations show a consistent growth pattern:

  • 2023 to 2024: 4.2%
  • 2024 to 2025: 4.2%
  • 2025 to 2026: 4.0%
  • 2026 to 2027: 3.7%
  • 2027 to 2028: 3.5%

The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 averages approximately 4%. This indicates a stable and continual increase in the import of glass-ceramic ware for table kitchen purposes.

Future trends to watch for:

  • Changes in consumer preferences towards sustainable and durable kitchenware, possibly increasing demand for glass-ceramic ware.
  • Economic factors such as inflation and currency exchange rates impacting import values.
  • Potential trade policies or tariffs affecting glass-ceramic ware imports.
  • Advancements in glass-ceramic technology enhancing product attractiveness.

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