The forecast for cocoa beans production in the Philippines suggests a steady growth from 2024 to 2028, starting at 9.46 thousand metric tons and reaching 10.38 thousand metric tons by 2028. In 2023, the production stood at 9.23 thousand metric tons. The year-on-year variation shows a gradual increase: 2.55% from 2024 to 2025, 2.37% from 2025 to 2026, 2.32% from 2026 to 2027, and 2.17% from 2027 to 2028. Over the five years from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is approximately 2.35%.
Future trends to watch for include:
• Potential impacts of climate change on cocoa production.
• Expansion of cocoa farming areas.
• Technological advancements in agriculture.
• Increasing international demand for cocoa.
