The data indicates that the import value of cotton waste to the Philippines has been projected to grow steadily from 2024 to 2028. In 2023, this import value stood at 4.2405 Million US Dollars. The year-on-year variation shows a consistent growth with increases of approximately 4.2% each year from 2024 onwards. Over the last two years, the variations have shown this upward trend, underlining a stable rise in demand or a strategic increase in procurement. The compound annual growth rate (CAGR) over the last five years is around 4.8%, reflecting a sustained positive momentum in the imports of cotton waste.
Future trends to watch for include potential shifts in global cotton waste supply chains, changes in trade policies, and evolving demand within the domestic textile industry. Monitoring these factors will be crucial for anticipating further import patterns.