In 2023, cassava demand in the Philippines stood at 3.55 million metric tons. Based on forecast data, demand is expected to rise steadily over the next five years, reaching 3.69 million metric tons by 2028. The year-on-year percentage variations from 2024 to 2028 are modest, indicating consistent growth in demand:
• 2024: 3.58 million metric tons (+0.85% YoY)
• 2025: 3.61 million metric tons (+0.84% YoY)
• 2026: 3.63 million metric tons (+0.55% YoY)
• 2027: 3.66 million metric tons (+0.83% YoY)
• 2028: 3.69 million metric tons (+0.82% YoY)
Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is approximately 0.77%.
Future trends to watch for include advancements in agricultural technology, changes in dietary habits, the impact of climate change on crop yields, and potential shifts in trade policies. Monitoring these factors will be crucial for understanding the dynamics of cassava demand in the Philippines.
