The forecast for primary vegetables and fruits gross production in the Philippines shows a steady year-on-year increase from 2024 to 2028. In 2023, the actual production was recorded at 9.3944 billion US dollars (PPP). The forecasted values for the subsequent years indicate a consistent growth pattern: 9.4664 billion (2024), 9.5383 billion (2025), 9.6095 billion (2026), 9.6799 billion (2027), and 9.7496 billion (2028).
Year-on-year percentage variation highlights the stability in growth:
- 2024 to 2025: +0.76%
- 2025 to 2026: +0.75%
- 2026 to 2027: +0.73%
- 2027 to 2028: +0.72%
The Compound Annual Growth Rate (CAGR) over the forecast period (2024 to 2028) is approximately 0.74%, reflecting a steady and consistent increase in the production value.
Future trends to watch for include the impact of climate change, advancements in agricultural technology, government policies toward sustainable farming practices, and market demand fluctuations, which could significantly influence production growth rates and values.
