The nuts production in the Philippines is forecasted to experience a steady increase from 2024 to 2028, with the value rising from 262.73 thousand metric tons in 2024 to 280.39 thousand metric tons in 2028. Comparing the year-on-year growth, production is anticipated to grow approximately 1.73% from 2024 to 2025, 1.67% from 2025 to 2026, 1.61% from 2026 to 2027, and 1.55% from 2027 to 2028. Historically, considering the base value of 259.45 thousand metric tons in 2023, notable for this analysis, the compound annual growth rate (CAGR) over this five-year span stands at around 1.63%.
Future trends to watch for include potential impacts of climate change on crop yields, advancements in agricultural technology, and changes in global demand and trade policies that may influence the industry. Government initiatives and investment in the agricultural sector may also play a crucial role in shaping production levels. Additionally, monitoring any shifts in consumer preferences towards healthier snacks could further drive up the demand and consequent production of nuts.
