The cassava market size volume in the Philippines stood at 1.00 million metric tons in 2023, with forecasted values showing slight but steady growth. From 2024 to 2028, the market is expected to grow from 1.01 million metric tons to 1.03 million metric tons. The year-on-year percentage variations are modest, indicating a stable increase. The compound annual growth rate (CAGR) over the five-year period is roughly calculated to be close to 0.5%, signifying a low yet consistent upward trend.
Future trends to watch for include developments in agricultural technology, potential shifts in government policy affecting cassava production, and possible changes in domestic and international market demand. Monitoring these factors will be crucial to understanding the future dynamics of the cassava market in the Philippines.
