In 2023, corn production in the Philippines stood at 8.42 million metric tons. Since 2024, the forecasted data indicate a steady increase year-on-year: 8.52 million metric tons in 2024, 8.62 million metric tons in 2025, 8.72 million metric tons in 2026, 8.82 million metric tons in 2027, and 8.91 million metric tons in 2028.
The year-on-year percentage variations indicate:
- From 2023 to 2024: +1.19%
- From 2024 to 2025: +1.17%
- From 2025 to 2026: +1.16%
- From 2026 to 2027: +1.15%
- From 2027 to 2028: +1.02%
The Compound Annual Growth Rate (CAGR) from 2023 to 2028 in corn production is approximately 1.14%.
Future trends to watch for include climate impacts on yields, shifts in domestic and international demand, and government policies affecting agricultural practices and subsidies. Technological advancements in farming practices could also play a significant role in shaping future production trends.