In 2023, cassava production in Asia was at 75.51 million metric tons, showing a year-on-year decrease of -1.05%. Over the past five years, from 2019 to 2023, the average annual decline (CAGR) has been -0.73%. Historical data indicates a consistent downward trend in cassava production since 2014, with significant variations such as a -4.92% drop in 2018. From 2024 onwards, forecasts suggest a continued decline, with an average annual decrease (CAGR) of -0.9%, leading to a projected value of 71.32 million metric tons by 2028, reflecting a 4.43% drop over the five-year period.
Future trends to watch for:
- Impact of climate change and extreme weather events on yield
- Technological advancements in agricultural practices
- Market demand fluctuations influenced by alternative crops
- Government policies and subsidies aimed at promoting cassava cultivation
