The Philippines, leading Abaca production at 66.54 thousand metric tons in 2023, saw a slight decline of 0.21% in the previous year. Ecuador follows at 42.11 thousand metric tons, with a positive growth of 1.57%. Costa Rica produced 1.2 thousand metric tons, decreasing by 0.22%. Indonesia, Equatorial Guinea, and Kenya collectively contribute minimally to the market, facing annual declines around 5.32%, 3.28%, and rising by 1.49% respectively.
Future trends to watch include:
- Fluctuations in market demand or supply disruptions impacting leading producers.
- Technological advancements aiming to improve production efficiency.
- Environmental policies affecting the overall production landscape.
Top countries in Manila Fibre Abaca Production by Country
| # | 6 Countries | Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Philippines | 66,540 | 2023 | -0.21% | -0.21% | View data |
| 2 | 2 Ecuador | 42,110 | 2023 | +1.44% | +1.57% | View data |
| 3 | 3 Costa Rica | 1,200 | 2023 | -0.25% | -0.22% | View data |
| 4 | 4 Indonesia | 261 | 2023 | -5.43% | -5.32% | View data |
| 5 | 5 Equatorial Guinea | 182 | 2023 | -3.19% | -3.28% | View data |
| 6 | 6 Kenya | 56 | 2023 | +1.82% | +1.49% | View data |
