Chrysanthemum production in the Philippines stood at 1.89 thousand metric tons in 2023. Based on forecasts, production is set to decline year-on-year from 2024 to 2028, decreasing by 6.82% in 2025, 7.32% in 2026, 7.24% in 2027, and 8.51% in 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is projected to be -7.48%. This continuous decline reflects a notable downward trend in chrysanthemum production over the forecast period.
Trends to watch for include potential impacts of climate change, shifts in agricultural practices, possible changes in consumer demand, and technological advancements in floriculture. Monitoring these factors will provide insights into whether the production trend will continue downward or if there might be a potential for stabilization or recovery in the future.
