The import of Tantalum Fixed Electrical Capacitors to the Philippines has experienced significant fluctuation over the past decade, reaching 49.69 Thousand Kilograms in 2023. This followed a notable increase of 4.12% from the previous year. A detailed view reveals high variability in year-on-year changes, including extreme jumps such as a 417.3% increase in 2018 and significant declines, like the -79.76% drop in 2014. The compound annual growth rate (CAGR) over the past five years averaged -0.19%, indicating a slightly negative trend despite recent increases.
Future trends to watch for:
- Continued modest growth as forecasted, with a 5-year CAGR of 2.95% expected, reaching 59.96 Thousand Kilograms by 2028.
- Potential market stabilizations and technology advancements influencing demand fluctuations.
- Global supply chain dynamics affecting availability and costs of these components.