Based on the data provided, the forecasted production of oranges in the Philippines is expected to decline significantly from 2024 to 2028. In 2023, the production stood at 1,210 metric tons.
Year-on-year percentage variation:
- From 2024 to 2025: -24.5%
- From 2025 to 2026: -31.75%
- From 2026 to 2027: -45.6%
- From 2027 to 2028: -82.05%
Compound Annual Growth Rate (CAGR) from 2024 to 2028: -50.6%
Future trends to watch for include the impact of climate change on agriculture, changes in local and global market demands, and possible shifts in farming practices and policies that could affect orange production in the Philippines. These factors can profoundly influence sustainability and profitability within the industry.
