The commercial industrial gases market in Laos was estimated to have generated revenues of $6m in 2016. This was up from $2m in 2006, indicating an average annual growth rate of 10.6% p.a. for the decade.
In the 2006-2016 timeframe the GDP of Laos has grown by 14.5% p.a., or 7.7% p.a. when adjusted for inflation. The rate of growth was high at the beginning of the decade, but did slow during the worst year of the financial crisis. In 2015 and 2016 the country experienced good economic growth, resulting in growth rates of 6.0% and 9.8% in 2015 and 2016 respectively.
Report Data: 2018
The commercial industrial gases market in the Philippines estimated to have generated revenues of $300 million in 2016. This is up from $110 million in 2006, indicating an impressive average annual growth rate of 11% for the decade.
Within the 2018-2023 timeframe, gas world business intelligence predict growth from 7.9% p.a. in a low scenario to 8.2% p.a. in a high scenario. Accordingly, the industry in is expected to achieve revenues of between $31.5m to $31.9m by 2023.
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