The forecast for fresh cassava gross production in the Philippines indicates a steady decline over the coming years. In 2023, the gross production stood at 359.3 million US Dollars PPP. From 2024 onwards, the projections are as follows: 2024 - 353.1, 2025 - 346.96, 2026 - 340.88, 2027 - 334.86, and 2028 - 328.9. This data shows a consistent year-on-year decrease in gross production value.
- 2024 to 2025: -1.74%
- 2025 to 2026: -1.75%
- 2026 to 2027: -1.76%
- 2027 to 2028: -1.78%
Over the five-year forecast period, the average annual decline (CAGR) is approximately -1.80%. This negative trend highlights challenges in production efficiencies, market demand, or other external factors impacting the cassava industry.
Future trends to watch include advancements in agricultural technology, potential changes in domestic and international demand, climate change impacts, and policy adjustments that may influence production and market conditions for fresh cassava in the Philippines.
