In 2023, the Philippines led global Abaca production with 60.3 metric tons, representing a dominant position. Ecuador followed with 38.16 metric tons, showcasing significant growth dynamics. While Ecuador experienced a growth of 1.57%, the Philippines, along with Costa Rica, Indonesia, and Equatorial Guinea, saw declines in production by 0.21%, 0.22%, 5.32%, and 3.28% respectively. Notably, Kenya slightly increased by 1.49% yet remains a minor player. Over the last five years, these variations indicate an evolving market landscape in the global Abaca production sector.
Future trends to watch include:
- A continued rise in Ecuador's share as they invest in sustainable agriculture practices.
- The potential decrease for the Philippines if diversification and modernization do not keep pace.
- Emerging tech-driven agricultural improvements in smaller producers like Kenya and Indonesia that might slightly shift their contributions in the coming years.
Top countries in Manila Fibre Abaca Production Share by Country (Metric Tons)
| # | 6 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Philippines | 60.3 | 2023 | -0.21% | -0.21% | View data |
| 2 | 2 Ecuador | 38.16 | 2023 | +1.44% | +1.57% | View data |
| 3 | 3 Costa Rica | 1.08 | 2023 | -0.25% | -0.22% | View data |
| 4 | 4 Indonesia | 0.24 | 2023 | -5.43% | -5.32% | View data |
| 5 | 5 Equatorial Guinea | 0.16 | 2023 | -3.19% | -3.28% | View data |
| 6 | 6 Kenya | 0.051 | 2023 | +1.82% | +1.49% | View data |
