In 2023, maize demand in the Philippines stood at 9.07 million metric tons. Looking at the forecast data, demand is projected to increase steadily from 9.11 million metric tons in 2024 to 9.28 million metric tons by 2028.
Year-on-year variations indicate a gradual increase in demand:
- 2024 to 2025: +0.44%
- 2025 to 2026: +0.55%
- 2026 to 2027: +0.43%
- 2027 to 2028: +0.43%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 0.46% per year.
Future trends to watch include potential impacts of climate change on maize production, shifts in consumption patterns due to economic developments, and policy changes affecting agricultural imports and production incentives.
