In 2023, the import volume of air conditioners with refrigerating units to the Philippines stood at 7.416 million kilograms. Forecasts for the following years anticipate a steady rise: 7.6675 million kilograms in 2024, 7.987 million in 2025, continuing up to 8.9079 million kilograms by 2028. The year-on-year variations between 2024 and 2025 show an increase of 4.18%, and from 2025 to 2026, it's projected at 3.92%. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is estimated to be approximately 3.77%.
Future trends to watch for include advancements in energy-efficient technologies, which may drive import volumes, and potential regulatory changes affecting the import market. Additionally, economic factors and climate change impacts could significantly influence demand patterns.