In the 2023 Manila Fibre Abaca gross production data, the Philippines dominated with a 63.64% share, followed by Ecuador at 36.01%. Smaller contributions came from Costa Rica, Indonesia, Equatorial Guinea, and Kenya. Despite its lead, the Philippines had a modest growth in production share by 0.19%, while Ecuador experienced a significant increase of 1.09%. Over five years, the average annual growth rate (CAGR) indicates positive trends for Ecuador and Indonesia, while Equatorial Guinea saw a negative trend.
Future trends to watch include potential shifts in production shares driven by changes in global demand and advances in sustainable practices. Ecuador's increasing growth stands out, indicating potential for further expansion or competitive positioning against the Philippines. Monitoring trade policies and technological innovations in the abaca industry will be crucial to assess ongoing shifts in production dynamics across involved countries.
Top countries in Manila Fibre Abaca Gross Production Share by Country (Thousand US Dollars PPP = 2004–2006)
| # | 6 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Philippines | 63.64 | 2023 | +0.67% | +0.19% | View data |
| 2 | 2 Ecuador | 36.01 | 2023 | +1.29% | +1.09% | View data |
| 3 | 3 Costa Rica | 1.16 | 2023 | +0.28% | +0.14% | View data |
| 4 | 4 Indonesia | 0.53 | 2023 | +1.56% | +0.95% | View data |
| 5 | 5 Equatorial Guinea | 0.22 | 2023 | 0% | -0.075% | View data |
| 6 | 6 Kenya | 0.048 | 2023 | 0% | +0.69% | View data |
