The cassava production in Oceania stood at 77.0 Thousand Metric Tons in 2023. Over the past decade, the trend shows a notable decline, with several fluctuations. Key observations include a significant drop in 2016 by 13.25% and a subsequent rebound in the following years, but the overall trajectory remains downward.
From 2019 to 2023, cassava production witnessed varied year-on-year changes such as -2.47% in 2019 and -6.2% in 2020, with a slight recovery in 2021 by 5.26%, and a stable year in 2022. In the most recent years, there was a decrease by 1.28% in 2023.
The compound annual growth rate (CAGR) from 2019 to 2023 was approximately -1.01%, reflecting a downward trend. The forecasted compound annual growth rate for the next five years (2024 to 2028) is -0.45%, indicating a continuous but slower decrease in production.
Future trends to watch for include potential impacts of climate change on crop yields, advancements in agricultural technology that might boost productivity, and changes in local and global demand for cassava.
