The maize market size volume per capita in the Philippines for 2024 is forecasted at 20.76 kg. This represents a slight decrease from the 2023 actual figure of 20.80 kg. The year-on-year variations from 2024 to 2028 indicate a small but consistent decline, with values dropping to 20.62 kg by 2028. Over the last two years, the variation percentage has been minimal, showing a stable but gently decreasing trend. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is calculated to average a small negative growth rate, reinforcing the observation of a stable market with slight declines.
Future trends to watch for include potential impacts of climate change on maize production, evolving dietary preferences among consumers, and government policy changes regarding agriculture. Monitoring advancements in agricultural technology and potential shifts in crop substitution may also provide insights into the future direction of the maize market in the Philippines.