Forecast: Sugar Cane Production in Philippines

The sugar cane production in the Philippines for 2024 is projected at 21.136 million metric tons. A slight declining trend is observed with values decreasing to 20.383 million metric tons by 2028. In 2023, the production stood at 21.136 million metric tons, indicating a consistent downward trend over the forecasted period.

The year-on-year percentage change reveals a gradual decline in production:

  • 2024 to 2025: -0.92%
  • 2025 to 2026: -0.91%
  • 2026 to 2027: -0.90%
  • 2027 to 2028: -0.89%
The compound annual growth rate (CAGR) over the next five years is -0.91% per year.

Future trends to watch for include changes in agricultural practices, climate conditions, and policy regulations which could impact production efficiency and sustainability. Additionally, shifts in global sugar demand and prices may influence production decisions in the Philippines.

Top Countries about Sugar