The import of waste and scrap of paper and paperboard to the Philippines in 2023 stood at a significant base value. The forecast data from 2024 to 2028 reveals a consistent upward trend. Specifically, the imports for 2024 are projected at 44.833 million USD, increasing by an annual average rate depicted by the 2025 value of 45.699 million USD, 2026 at 46.548 million USD, 2027 at 47.379 million USD, and 2028 at 48.194 million USD. The year-on-year percentage variation between consecutive years showcases a steady growth. The compound annual growth rate (CAGR) over these five years emphasizes a reliable average yearly increase.
Future trends to watch for include potential policy changes on recycling and waste management, technological advancements in recycling processes, and shifting demands in the global market for recycled materials, which could impact both the volume and value of these imports.
