Analysis of the forecasted oil crops yield in the Philippines from 2024 to 2028 shows a slight, steady decline. Starting from 39.82 thousand hectograms per hectare in 2024, the yield is expected to decrease gradually to 39.23 thousand hectograms per hectare by 2028. Notably, the year-on-year percentage decrease is consistently minor, highlighting a stable but declining trend.
When considering the variations over the last two years, the forecast indicates minimal fluctuations. The Compound Annual Growth Rate (CAGR) over the next five years suggests a small average annual decrease, emphasizing the persistency of the downward trend.
Future trends to watch for include technological advancements in agricultural practices, climate change impacts, and policy changes that could alter yield outcomes. Monitoring these factors will be crucial for anticipating any deviations from the predicted trend.