In 2023, the import of air conditioners without refrigerating units to the Philippines was recorded at 2.4695 million kilograms. The forecasted data shows a consistent upward trend in imports from 2.5237 million kilograms in 2024 to 2.7819 million kilograms by 2028. The year-on-year growth rates indicate a steady increase with variations of approximately 2.63% from 2024 to 2025, 2.52% from 2025 to 2026, 2.40% from 2026 to 2027, and 2.30% from 2027 to 2028. Over the period from 2024 to 2028, the compound annual growth rate (CAGR) stands at approximately 2.49%.
Future trends to watch for include advancements in energy-efficient technologies, changes in government policies regarding imports, and shifts in consumer preferences towards more environmentally friendly cooling solutions, which could impact the import volumes and growth rates in the coming years.
