In 2023, the corn supply in the Philippines stood at 9.69 million metric tons. Based on forecasted data, the supply is expected to rise steadily over the next five years, reaching 10.18 million metric tons by 2028.
The year-on-year variations reveal a consistent growth pattern:- 2024: 9.79 million metric tons (1.03% increase from 2023)- 2025: 9.89 million metric tons (1.02% increase from 2024)- 2026: 9.99 million metric tons (1.01% increase from 2025)- 2027: 10.08 million metric tons (0.90% increase from 2026)- 2028: 10.18 million metric tons (0.99% increase from 2027)
Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) for the corn supply in the Philippines is approximately 0.98% per year.
Future trends to watch for include government policies affecting agricultural productivity, climate change impacts on crop yields, technological advancements in farming techniques, and shifts in both domestic and international demand for corn.